Another uninspiring week for corn, soybean and wheat export sales
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USDA Weekly Export Sales Report Week Ended May 26, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 185,800 |
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Expectations (in MT) |
2021-22: 125,000 - 400,000 |
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Weekly Sales Details |
Net sales of 185,800 MT for 2021/2022 were up 23 percent from the previous week, but down 52 percent from the prior 4-week average. Increases primarily for Saudi Arabia (74,800 MT, including 68,000 MT switched from unknown destinations), Japan (70,200 MT, including 47,500 MT switched from unknown destinations and decreases of 16,300 MT), South Korea (65,500 MT, including decreases of 5,300 MT), China (62,800 MT, including 66,000 MT switched from unknown destinations and decreases of 3,200 MT), and Mexico (59,300 MT, including decreases of 89,000 MT), were offset by reductions primarily for unknown destinations (284,900 MT). Net sales of 48,700 MT for 2022/2023 were reported for Colombia (30,000 MT), Honduras (8,700 MT), Guatemala (7,000 MT), and unknown destinations (3,000 MT). |
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Weekly Export Details |
Exports of 1,579,700 MT were down 13 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Mexico (288,600 MT), Japan (283,100 MT), China (268,800 MT), Colombia (162,800 MT), and South Korea (131,500 MT). |
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Comments and Performance Indicators |
Export commitments are 14% behind year-ago, the same as last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
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Wheat |
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Actual Sales (in MT) |
2021-22: 700 |
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Expectations (in MT) |
2021-22: (50,000) - 100,000 |
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Weekly Sales Details |
Net sales 700 metric tons (MT) for 2021/2022 were down noticeably from the previous week and down 98 percent from the prior 4-week average. Increases primarily for Venezuela (7,000 MT), the Philippines (3,000 MT), Mexico (2,500 MT, including decreases of 700 MT), Taiwan (2,000 MT), and Italy (1,500 MT), were offset by reductions for Colombia (15,100 MT), Peru (1,900 MT), the Dominican Republic (500 MT), and unknown destinations (500 MT). Net sales of 363,500 MT for 2022/2023 primarily for South Korea (108,400 MT), Thailand (60,000 MT), Egypt (60,000 MT), Mexico (41,900 MT), and Colombia (35,200 MT), were offset by reductions for unknown destinations (94,500 MT). |
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Weekly Export Details |
Exports of 372,700 MT were up 25 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to Mexico (82,400 MT), Nigeria (78,700 MT), the Philippines (65,000 MT), Taiwan (42,000 MT), and Peru (33,100 MT). |
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Comments and Performance Indicators |
Export commitments are running 24% behind a year-ago, the same as last week. USDA projects exports in 2021-22 at 805 million bu., down 18.9% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 111,600 |
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Expectations (in MT) |
2021-22: 100,000 - 400,000 |
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Weekly Sales Details |
Net sales of 111,600 MT for 2021/2022--a marketing-year low--were down 60 percent from the previous week and 77 percent from the prior 4-week average. Increases primarily for the Netherlands (68,400 MT, including 63,000 MT switched from unknown destinations and decreases of 600 MT), Egypt (54,000 MT), Mexico (50,900 MT), Colombia (29,900 MT, including decreases of 200 MT), and Tunisia (27,100 MT, including 30,000 MT switched from unknown destinations and decreases of 3,000 MT), were offset by reductions primarily for China (72,200 MT), Italy (46,000 MT), and unknown destinations (29,300 MT). Net sales of 284,000 MT for 2022/2023 were primarily for unknown destinations (105,000 MT), Pakistan (66,000 MT), Egypt (65,000 MT), and Mexico (44,000 MT). |
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Weekly Export Details |
Exports of 406,300 MT were down 25 percent from the previous week and 36 percent from the prior 4-week average. The destinations were primarily to Egypt (118,000 MT), China (70,000 MT), the Netherlands (68,400 MT), Japan (35,100 MT), and Mexico (27,200 MT). |
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Comments and Performance Indicators |
Export commitments are running 3% behind year-ago, the same as last week. USDA projects exports in 2021-22 at 2.140 billion bu., down 5.4% from the previous marketing year. |
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Soymeal |
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Actual Sales (in MT) |
2021-22: 188,900 |
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Expectations |
2021-22: 100,000 - 300,000 |
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Weekly Sales Details |
Net sales of 188,900 MT for 2021/2022 were up 18 percent from the previous week, but down 13 percent from the prior 4-week average. Increases primarily for Colombia (95,800 MT, including 20,000 MT switched from unknown destinations and decreases of 1,100 MT), the Philippines (45,500 MT, including decreases of 500 MT), Mexico (24,500 MT, including decreases of 5,300 MT), Canada (10,100 MT, including decreases of 4,500 MT), and Ecuador (8,000 MT), were offset by reductions primarily for unknown destinations (22,900 MT) and El Salvador (3,400 MT). Total net sales of 100 MT for 2022/2023 were reported for Honduras. |
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Weekly Export Details |
Exports of 169,000 MT were down 10 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to Colombia (61,400 MT), Canada (25,500 MT), the Dominican Republic (25,300 MT), Mexico (20,900 MT), and Venezuela (15,400 MT). |
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Comments and Performance Indicators |
Export commitments are 4% ahead of a year-ago, the same as last week. USDA projects exports in 2021-22 will increase 1.7% from the previous marketing year. |
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Soyoil |
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Actual Sales (in MT) |
2021-22: 4,200 |
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Expectations |
2021-22: 0 - 30,000 |
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Weekly Sales Details |
Net sales of 4,200 MT for 2021/2022 were down 32 percent from the previous week and 21 percent from the prior 4-week average. Increases reported for Venezuela (4,500 MT), Mexico (4,000 MT), and Canada (2,000 MT), were offset by reductions for Guatemala (6,300 MT). |
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Weekly Export Details |
Exports of 11,100 MT were up noticeably from the previous week, but unchanged from the prior 4-week average. The destinations were to Guatemala (5,700 MT), Mexico (3,800 MT), Honduras (1,100 MT), and Canada (500 MT). |
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Comments and Performance Indicators |
Export commitments are running 1% ahead of year-ago, the same as last week. USDA projects exports will increase 0.1% this season. |
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Cotton |
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Actual Upland Sales (in RB) |
2021-22: 354,200 |
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Net sales of 354,200 RB for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for China (144,700 RB, including decreases of 5,400 RB), Vietnam (87,100 RB, including 1,400 RB switched from South Korea and decreases of 4,300 RB), Bangladesh (43,100 RB), Turkey (33,000 RB, including decreases of 400 RB), and India (24,500 RB, including 1,800 RB switched from Honduras, 1,300 RB switched from China, 1,000 RB switched from Malaysia, and decreases of 800 RB), were offset by reductions for Honduras (1,800 RB) and South Korea (600 RB). Net sales of 109,100 RB for 2022/2023 primarily for China (88,200 RB), Mexico (12,400 RB), Turkey (4,400 RB), Indonesia (3,200 RB), and Thailand (2,800 RB), were offset by reductions for Honduras (2,600 RB) and Costa Rica (700 RB). |
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Weekly Export Details |
Exports of 484,200 RB--a marketing-year high--were up 52 percent from the previous week and 33 percent from the prior 4-week average. The destinations were primarily to China (160,500 RB), Vietnam (93,100 RB), Turkey (83,400 RB), Pakistan (56,000 RB), and Bangladesh (15,000 RB). |
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Comments and Performance Indicators |
Export commitments are 3% behind year-ago, compared with 4% behind last week. USDA forecasts total cotton exports will fall 9.9% from a year ago to 14.75 million bales in 2021-22. |
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Beef |
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Actual Sales (in MT) |
2022: 17,900 |
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Weekly Sales Details |
Net sales of 17,900 MT for 2022 were down 11 percent from the previous week and 17 percent from the prior 4-week average. Increases primarily for Japan (6,000 MT, including decreases of 600 MT), China (4,800 MT, including decreases of 300 MT), South Korea (2,700 MT, including decreases of 400 MT), Taiwan (1,100 MT, including decreases of 100 MT), and Canada (900 MT), were offset by reductions for Colombia (100 MT). Total net sales of 200 MT for 2023 were reported for Japan. |
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Weekly Export Details |
Exports of 19,200 MT were up 10 percent from the previous week, but down 1 percent from the prior 4-week average. The destinations were primarily to South Korea (5,400 MT), Japan (4,900 MT), China (2,700 MT), Taiwan (1,300 MT), and Mexico (1,100 MT). |
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Comments and Performance Indicators |
USDA projects 2022 exports will decline 2.6% from a year ago. |
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Pork |
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Actual Sales (in MT) |
2022: 31,900 |
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Weekly Sales Details |
Net sales of 31,900 MT for 2022 were down 13 percent from the previous week, but up 15 percent from the prior 4-week average. Increases were primarily for Mexico (13,000 MT, including decreases of 400 MT), China (9,000 MT, including decreases of 100 MT), South Korea (3,900 MT, including decreases of 400 MT), Japan (1,900 MT, including decreases of 100 MT), and Canada (1,900 MT, including decreases of 500 MT). |
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Weekly Export Details |
Exports of 31,200 MT were down 6 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Mexico (14,200 MT), China (4,900 MT), Japan (3,700 MT), South Korea (2,700 MT), and Canada (1,500 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2022 will drop 6.4% from last year. |
