Ho-Hum Weekly Exports Sales

Posted on 12/27/2019 7:59 AM

USDA Weekly Export Sales Report

Week Ended Dec. 19, 2019

Corn

Actual Sales (in MT)

Combined: 626,200
2019-20: 624,800
2020-21: 1,400

Expectations (in MT)

2019-20: 500,000-1,200,000
2020-21: 0-100,000

Weekly Sales Details

Net sales of 624,800 metric tons for 2019/2020 were down 63 percent from the previous week and 37 percent from the prior 4-week average.  Increases primarily for Mexico (216,300 MT, including decreases of 19,600 MT), Japan (168,600 MT, including 32,300 MT switched from unknown destinations and decreases of 500 MT), Colombia (120,300 MT), unknown destinations (34,200 MT), and Canada (29,100 MT, including decreases of 1,000 MT), were offset by reductions for South Korea (15,000 MT) and Nicaragua (3,000 MT).  For 2020/2021, total net sales of 1,400 MT were for Japan. 

Weekly Export Details

Exports of 331,700 MT were down 54 percent from the previous week and 44 percent from the prior 4-week average.  The destinations were primarily to Mexico (154,600 MT), Japan (82,500 MT), Canada (21,800 MT), Panama (19,700 MT), and Colombia (16,300 MT).

Comments and Performance Indicators

Export commitments for the 2019-20 marketing year are 43% behind year-ago commitments versus 42% behind last week. USDA projects exports in 2019-20 at 1.850 billion bu., down 10.4% from the previous marketing year.

Wheat

Actual Sales (in MT)

2019-20: 715,000

Expectations (in MT)

2019-20: 200,000-900,000

Weekly Sales Details

Net sales of 715,000 metric tons for 2019/2020 were down 18 percent from the previous week, but up 29 percent from the prior 4-week average.  Increases primarily for the Philippines (147,400 MT, including decreases of 4,300 MT), Taiwan (105,000 MT), unknown destinations (104,000 MT), Mexico (76,100 MT, including decreases of 23,200 MT), and Sri Lanka (65,000 MT), were partially offset by reductions primarily for Italy (8,700 MT).  For 2020/2021, net sales of 41,000 MT were reported for unknown destinations (21,000 MT) and Italy (20,000 MT).    

Weekly Export Details

Exports of 508,300 MT were down 4 percent from the previous week, but up 27 percent from the prior 4-week average.  The destinations were primarily to Mexico (126,400 MT), the Philippines (101,400 MT), Bangladesh (64,200 MT), South Korea (31,900 MT), and Colombia (30,700 MT). 

Comments and Performance Indicators

Export commitments are running 7% ahead of year-ago compared with 6% ahead the week prior. USDA projects exports in 2019-20 at 975 million bu., up 4.2% from the previous marketing year.

Soybeans

Actual Sales (in MT)

Combined: 747,300
2019-20: 736,200
2020-21: 11,100

Expectations (in MT)

2019-20: 700,000-1,500,000
2020-21: 0-50,000

Weekly Sales Details

Net sales of 736,200 MT for 2019/2020 were down 49 percent from the previous week and 39 percent from the prior 4-week average.  Increases were primarily for China (400,400 MT, including 66,000 MT switched from unknown destinations and decreases of 400 MT), the Netherlands (161,100 MT, including 154,500 MT switched from unknown destinations and decreases of 700 MT), Thailand (85,400 MT, including 70,000 MT switched from unknown destinations and decreases of 200 MT), Saudi Arabia (72,100 MT, including 66,000 MT switched from unknown destinations), and the United Kingdom (63,300 MT, including 57,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (313,300 MT) and South Korea (15,000 MT).  For 2020/2021, total net sales of 11,100 MT were for Japan.

Weekly Export Details

Exports of 1,007,300 MT were down 28 percent from the previous week and 39 percent from the prior 4-week average.  The destinations were primarily to China (348,500 MT), the Netherlands (161,100 M), Thailand (94,100 MT), Saudi Arabia (72,100 MT), and the United Kingdom (66,600 MT).

Comments and Performance Indicators

Export commitments early in 2019-20 are 3% ahead of year-ago levels, which compares to 3% ahead of year-ago last week. USDA projects exports in 2019-20 at 1.775 billion bu., up 1.5% from year-ago.

Soymeal

Actual Sales (in MT)

2019-20: 138,000

Expectations

2019-20: 100,000-300,000

Weekly Sales Details

Net sales of 138,000 MT for 2019/2020 were up 65 percent from the previous week, but down 8 percent from the prior 4-week average.  Increases primarily for Colombia (31,600 MT), the Philippines (25,900 MT, including decreases of 500 MT), Ecuador (20,500 MT), Mexico (19,100 MT), and Canada (7,600 MT, including decreases of 2,100 MT), were offset by reductions primarily for the Dominican Republic (2,700 MT), Guatemala (800 MT), and Panama (300 MT).

Weekly Export Details

Exports of 169,800 MT were primarily to the Philippines (47,500 MT), the Dominican Republic (23,700 MT), Canada (19,100 MT), Morocco (16,500 MT), and El Salvador (12,800 MT).

Comments and Performance Indicators

Export commitments for 2019-20 are running 19% behind year-ago early in the marketing year, which compares to 16% behind last week. USDA projects exports in 2019-20 to edge 2.6% lower from the previous marketing year.

Soyoil

Actual Sales (in MT)

2019-20: 37,400

Expectations

2019-20: 5,000-30,000

Weekly Sales Details

Net sales of 37,400 MT for 2019/2020 were primarily for South Korea (23,000 MT), the Dominica Republic (10,500 MT), Colombia (1,700 MT, including decreases of 300 MT), Mexico (1,100 MT), and Canada (600 MT).

Weekly Export Details

Exports of 14,500 MT were to Colombia (9,500 MT), Nicaragua (2,200 MT), El Salvador (1,700 MT), Mexico (900 MT), and Canada (200 MT).

Comments and Performance Indicators

Export commitments for the 2019-20 marketing year are 10% ahead of year-ago, which compares to 4% ahead of year-ago last week. USDA projects exports in 2019-20 to fall 12.4% from the previous year.

Cotton

Actual Sales (in RB)

Combined: 144,400
2019-20: 135,100
2020-21: 9,300

Weekly Sales Details

Net sales of 135,100 RB for 2019/2020 were down 46 percent from the previous week and 44 percent from the prior 4-week average.  Increases primarily for Vietnam (46,400 RB, including 400 RB switched from Japan and decreases of 1,300 RB), Turkey (29,700 RB), Indonesia (17,900 RB, including 900 RB switched from Malaysia, 500 RB switched from Japan, and decreases of 3,600 RB), Colombia (11,000 RB), and Bangladesh (8,900 RB), were offset by reductions for China (12,900 RB).  For 2020/2021, net sales reductions of 9,300 RB resulting in increases for Costa Rica (4,200 RB) and Thailand (1,300 RB), were more than offset by reductions for Indonesia (14,900 RB).   

Weekly Export Details

Exports of 202,100 RB were down 5 percent from the previous week, but up 8 percent from the prior 4-week average.  Exports were primarily to Pakistan (34,100 RB), Bangladesh (29,000 RB), Vietnam (24,800 RB), China (22,100 RB), and India (21,300 RB).  Net sales of Pima totaling 19,300 RB were up 36 percent from the previous week and up noticeably from the prior 4-week average.  Increases were primarily for India (8,500 RB), Bangladesh (3,700 RB), Austria (2,600 RB), Pakistan (1,300 RB), and Thailand (1,200 RB).  Exports of 8,400 RB were down 28 percent from the previous week and 11 percent from the prior 4-week average.  The primary destinations were India (2,800 RB), Vietnam (1,800 RB), El Salvador (900 RB), Peru (900 RB), and Turkey (600 RB).  

Comments and Performance Indicators

Export commitments for 2019-20 are 8% ahead of year-ago versus 11% ahead of year-ago last week. USDA forecasts total cotton exports to fall rise 11.8% to 16.5 million bales this marketing year.

Beef

Actual Sales (in MT)

Combined: 19,400
2019: 6,300
2020: 13,100

Weekly Sales Details

Net sales of 6,300 MT reported for 2019 were down 37 percent from the previous week and 34 percent from the prior 4-week average.  Increases primarily for South Korea (3,100 MT, including decreases of 1,300 MT), Japan (2,700 MT, including decreases of 500 MT), Mexico (1,600 MT, including decreases of 100 MT), Canada (500 MT), and Indonesia (500 MT), were offset by reductions primarily for Hong Kong (2,000 MT) and Taiwan (900 MT).  For 2020, net sales of 13,100 MT primarily for Hong Kong (3,400 MT), South Korea (3,300 MT), Japan (2,700 MT), Taiwan (1,300 MT), and Mexico (1,100 MT), were offset by reductions primarily for Vietnam (200 MT).

Weekly Export Details

Exports of 16,000 MT were down 11 percent from the previous week and 7 percent from the prior 4-week average.  The destinations were primarily to Japan (4,600 MT), South Korea (3,800 MT), Mexico (2,300 MT), Hong Kong (1,200 MT), and Taiwan (1,200 MT).

Comments and Performance Indicators

Last week, USDA reported sales of 13,200 MT for 2019 and 2020 combined. USDA projects 2019 exports will slide 2.8% from year-ago levels.

Pork

Actual Sales (in MT)

Combined: 34,200
2019: 16,400
2020: 17,800

Weekly Sales Details

Net sales of 16,400 MT reported for 2019 were down 39 percent from the previous week and 42 percent from the prior 4-week average.  Increases primarily for Mexico (12,200 MT), Japan (2,400 MT), South Korea (1,700 MT), Canada (1,400 MT), and Vietnam (200 MT), were offset by reductions primarily for China (800 MT), Australia (600 MT), Colombia (400 MT), and Chile (200 MT).  For 2020, net sales of 17,800 MT were primarily for China (5,700 MT), Mexico (2,700 MT), Australia (2,300 MT), Japan (2,200 MT), and Colombia (1,400 MT).

Weekly Export Details

Exports of 40,100 MT were up 2 percent from the previous week and 5 percent from the prior 4-week average.  The primary destinations were to China (16,100 MT), Mexico (10,500 MT), South Korea (3,200 MT), Japan (3,000 MT), and Canada (2,200 MT).

Comments and Performance Indicators

Sales totaled 27,200 in last week’s report. USDA projects exports in 2019 will rise 7.1% from year-ago.

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