Strong Pre-Shutdown Export Sales

Posted on 01/31/2019 8:06 AM

Note: The following export sales data is for the week ended Dec. 20, 2018. Click here to view the schedule for other export sales data missed during the government shutdown. 

 

USDA Weekly Export Sales Report

Week Ended Dec. 20, 2018

Corn

Actual Sales (in MT)

2018-19: 1,699,400

Expectations (in MT)

 2018-19: 1,000,000 to 1,500,000

Weekly Sales Details

Net sales of 1,699,400 MT for 2018/2019 were down 14 percent from the previous week, but up 28 percent from the prior 4-week average.  Increases were reported for Mexico (746,700 MT, including decreases of 200 MT), Japan (511,800 MT, including 81,100 MT switched from unknown destinations), unknown destinations (167,600 MT), Peru (88,000 MT), and Colombia (77,000 MT, including 31,000 MT switched from unknown destinations and decreases of 1,000 MT).  Reductions were reported for Guatemala (10,700 MT), Nicaragua (9,600 MT), Jamaica (2,300 MT), and Costa Rica (900 MT).  For 2019/2020, total net sales were reported for Mexico (53,300 MT). 

Weekly Export Details

Exports of 899,600 MT were down 8 percent from the previous week and 13 percent from the prior 4-week average.  The destinations were primarily to Mexico (234,700 MT), Japan (151,600 MT), South Korea (133,600 MT), Colombia (124,000 MT), and Taiwan (81,800 MT).  

Comments and Performance Indicators

Export commitments are running 18% ahead of year-ago versus 18% ahead of 2017-18 levels the previous week. USDA projects exports in 2018-19 at 2.450 billion bu., up 0.5% from the previous marketing year.

Wheat

Actual Sales (in MT)

2018-19: 526,300

Expectations (in MT)

2018-19: 200,000 to 600,000

Weekly Sales Details

Net sales of 526,300 metric tons for 2018/2019 were up 68 percent from the previous week, but down 2 percent from the prior 4-week average.  Increases were reported for Egypt (170,700 MT), Japan (139,500 MT), unknown destinations (125,600 MT), Thailand (29,600 MT), and Mexico (23,500 MT, including decreases of 2,500 MT).  Reductions were reported for Bangladesh (3,500 MT), Nigeria (3,200 MT), Indonesia (1,200 MT), and Honduras (900 MT).  For 2019/2020, net sales of 76,100 MT were reported for Panama (45,100 MT), Italy (20,000 MT), and Nigeria (11,000 MT).

Weekly Export Details

Exports of 511,200 MT were down 22 percent from the previous week, but up 9 percent from the prior 4-week average.  The destinations were primarily to Bangladesh (116,500 MT), Egypt (115,700 MT), Indonesia (79,800 MT), Thailand (56,900 MT), and Taiwan (31,400 MT). 

Comments and Performance Indicators

Export commitments are running 11% behind year-ago versus 12% behind the previous week. USDA projects exports in 2018-19 at 1.000 billion bu., up 11.0% from the previous marketing year

Soybeans

Actual Sales (in MT)

2018-19: 2,391,400

Expectations (in MT)

2018-19: 1,800,000 to 2,800,000

Weekly Sales Details

Net sales of 2,391,400 MT for 2018/2019 were down 16 percent from the previous week, but up 92 percent from the prior 4-week average.  Increases were reported for China (1,466,000 MT), unknown destinations (208,400 MT) Mexico (166,900 MT), Taiwan (103,600 MT, including decreases of 400 MT), and Thailand (75,300 MT, including 68,000 MT switched from unknown destinations and decreases of 200 MT).  Reductions were for Canada (4,300 MT) and the Dominican Republic (500 MT).  For 2019/2020, net sales of 13,900 MT were reported for Mexico (9,800 MT) and Japan (4,100 MT).

Weekly Export Details

Exports of 611,100 MT were down 54 percent from the previous week and 47 percent from the prior 4-week average.  The destinations were primarily to Mexico (103,100 MT), Thailand (82,600 MT), Germany (65,100 MT), Saudi Arabia (65,100 MT), and Japan (62,300 MT).  

 

Comments and Performance Indicators

Export commitments are running 26% behind the 2017-18 marketing year compared with 30% behind year-ago the previous week. USDA projects exports in 2018-19 at 1.900 billion bu., down 10.8% from year-ago.

Soymeal

Actual Sales (in MT)

2018-19: 427,400

Expectations

2018-19: 200,000 to 500,000

Weekly Sales Details

Net sales of 427,400 MT for 2018/2019 were up 43 percent from the previous week and up noticeably from the prior 4-week average.  Increases were reported for Colombia (138,000 MT, including 10,000 MT switched from unknown destinations), the Philippines (107,800 MT, including decreases of 300 MT), Mexico (80,300 MT, including decreases of 100 MT), and Morocco (33,000 MT).  Reductions were reported for Oman (1,900 MT), Indonesia (200 MT), and South Korea (200 MT).  For 2019/2020, total net sales were reported for Mexico (8,100 MT).

Weekly Export Details

Exports of 186,600 MT were down 21 percent from the previous week and 23 percent from the prior 4-week average.  The destinations were primarily to Mexico (37,300 MT), Spain (29,700 MT), Colombia (28,300 MT), Canada (19,500 MT), and El Salvador (15,300 MT).

Comments and Performance Indicators

Export commitments for 2018-19 are running 12% ahead of year-ago early in the marketing year, compared with 11% ahead the previous week. USDA projects exports in 2018-19 to be down 7.3% from the previous marketing year.

Soyoil

Actual Sales (in MT)

2018-19: 13,700

Expectations

2018-19: 8,000 to 40,000

Weekly Sales Details

Net sales of 13,700 MT for 2018/2019 were down 62 percent from the previous week and 24 percent from the prior 4-week average.  Increases were primarily for Mexico (7,400 MT) and unknown destinations (5,000 MT).

Weekly Export Details

Exports of 15,200 MT were up 24 percent from the previous week, but down 27 percent from the prior 4-week average.  The destinations were primarily to the Dominican Republic (8,800 MT), Guatemala (3,000 MT), and Mexico (3,000 MT).  

Comments and Performance Indicators

Export commitments for the 2018-19 marketing year are running 27% ahead of year-ago, versus 43% ahead the previous week. USDA projects exports in 2018-19 to be down 10.2% from the previous year.

Cotton

Actual Sales (in RB)

2018-19: 373,100

Weekly Sales Details

Net sales of 373,100 RB for 2018/2019--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for Vietnam (149,200 RB, including 3,200 RB switched from Hong Kong, 2,200 RB switched from South Korea, and 400 RB switched from Taiwan), Bangladesh (59,900 RB), Turkey (35,500 RB), South Korea (28,900 RB, including 4,200 RB switched from China and decreases of 4,800 RB), and China (25,000 RB, including decreases of 29,100 RB).  Reductions were reported for Thailand (3,500 RB), Hong Kong (3,200 RB), and Mexico (2,000 RB).  For 2019/2020, net sales of 4,000 RB were reported for South Korea (2,600 RB) and Japan (1,400 RB).  Exports of 207,100 RB were up 34 percent from the previous week and 40 percent from the prior 4-week average.  Exports were primarily to Vietnam (49,800 RB), China (32,500 RB), Mexico (26,600 RB), Pakistan (20,200 RB), and Thailand (12,500 RB).  Net sales of Pima totaling 7,800 RB for 2018/2019 were down 18 percent from the previous week and 51 percent from the prior 4-week average.  Increases were reported for India (3,900 RB), Austria (1,600 RB), China (900 RB), Pakistan (500 RB), and Turkey (400 RB).

Weekly Export Details

Exports of 14,700 RB were up 44 percent from the previous week and 23 percent from the prior 4-week average.  The destinations were primarily to China (10,200 RB), Pakistan (2,200 RB), Egypt (900 RB), India (500 RB), and Peru (400 RB).

Comments and Performance Indicators

Export commitments for 2018-19 are running 2% behind year-ago, versus 9% behind the previous week. USDA forecasts total cotton exports to fall 5.4% to 15.0 million bales this marketing year.

Beef

Actual Sales (in MT)

2018: 14,100
2019: 7,400

Weekly Sales Details

Net sales of 14,100 MT reported for 2018 were up 38 percent from the previous week and 91 percent from the prior 4-week average.  Increases were reported for Japan (7,700 MT, including decreases of 100 MT), South Korea (2,700 MT, including decreases of 500 MT), Mexico (800 MT, including decreases of 100 MT), Canada (800 MT), and Taiwan (700 MT, including decreases of 400 MT).  Reductions were reported for the Philippines (100 MT).  For 2019, net sales of 7,400 MT were primarily for South Korea (2,600 MT), Hong Kong (1,600 MT), Mexico (1,200 MT), and Japan (900 MT).

Weekly Export Details

Exports of 20,800 MT were up 20 percent from the previous week and 21 percent from the prior 4-week average.  The primary destinations were Japan (8,100 MT), South Korea (4,700 MT), Mexico (2,100 MT), Hong Kong (2,000 MT), and Taiwan (1,500 MT).

Comments and Performance Indicators

Today's tallies compare to net sales of 10,200 MT for 2018 and 3,400 MT for 2019 the previous week. USDA projects exports in 2018 to be up 11.5% from last year and for 2019 exports to rise another 2.4%.

Pork

Actual Sales (in MT)

2018: 22,000
2019: 16,200

Weekly Sales Details

Net sales of 22,000 MT reported for 2018 were down 30 percent from the previous week and 7 percent from the prior 4-week average.  Increases were reported for Mexico (15,600 MT), Japan (4,200 MT), Canada (3,000 MT), China (400 MT), and Vietnam (300 MT).  Reductions were primarily reported for Hong Kong (1,100 MT) and Colombia (900 MT).  For 2019, net sales of 16,200 MT reported for Mexico (2,900 MT), South Korea (2,900 MT), China (2,000 MT), and Colombia (1,900 MT).

Weekly Export Details

Exports of 29,200 MT were up 8 percent from the previous week and from the prior 4-week average.  The primary destinations were Mexico (9,600 MT), South Korea (4,100 MT), Japan (2,500 MT), Canada (2,100 MT), and Hong Kong (1,900 MT).

Comments and Performance Indicators

Today's tallies compare to net sales of 31,600 MT for 2018 and 8,500 MT for 2019 the previous week. USDA projects exports in 2018 to be 6.3% above last year and to rise another 7.8% in 2019.

 

 

 

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