Another week of sluggish corn export sales
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USDA Weekly Export Sales Report Week Ended June 2, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 280,400 |
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Expectations (in MT) |
2021-22: 125,000-500,000 |
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Weekly Sales Details |
Net sales of 280,400 MT for 2021/2022 were up 51 percent from the previous week and 19 percent from the prior 4-week average. Increases primarily for Mexico (89,500 MT, including decreases of 39,500 MT), Japan (76,500 MT, including 73,900 MT switched from unknown destinations), Colombia (34,400 MT, including 30,000 MT switched from unknown destinations and decreases of 12,800 MT), Venezuela (28,300 MT, including 15,000 MT switched from unknown destinations and decreases of 1,700 MT), and Jamaica (27,900 MT), were offset by reductions primarily for unknown destinations (41,300 MT) and Guatemala (27,300 MT). Net sales of 73,500 MT for 2022/2023 reported for unknown destinations (53,800 MT), Mexico (20,000 MT), and Jamaica (9,700 MT), were offset by reductions for Japan (10,000 MT). |
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Weekly Export Details |
Exports of 1,381,600 MT were down 13 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to Mexico (344,900 MT), China (266,600 MT), Taiwan (144,400 MT), Japan (118,700 MT), and Colombia (84,700 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) |
2022-23: 451,000 |
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Expectations (in MT) |
2022-23: 250,000-500,000 |
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Weekly Sales Details |
Net sales of 451,000 MT for the 2022/2023 marketing year, which began June 1, were primarily for unknown destinations (117,600 MT), Mexico (73,200 MT, including decreases of 1,500 MT), the Philippines (69,200 MT, including decreases of 3,700 MT), Switzerland (50,000 MT), and Taiwan (40,000 MT). A total of 740,300 MT in sales were carried over from the 2021/2022 marketing year, which ended May 31. |
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Weekly Export Details |
Exports for the period ending May 31, of 138,800 MT brought accumulated exports to 18,668,900 MT, down 25 percent from the prior year’s total of 24,806,600 MT. The destinations were primarily to South Korea (50,700 MT), Guatemala (25,100 MT), Mexico (24,400 MT), Costa Rica (13,200 MT), and Nigeria (12,100 MT). Exports for June 1- 2 of 212,000 MT were primarily to Mexico (62,700 MT), the Philippines (57,900 MT), Japan (34,700 MT), South Korea (32,900 MT), and Italy (23,700 MT). |
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Comments and Performance Indicators |
Export commitments started the new marketing year 17% behind a year-ago. USDA projects exports in 2022-23 at 775 million bu., down 3.7% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 429,900 |
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Expectations (in MT) |
2021-22: 100,000-500,000 |
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Weekly Sales Details |
Net sales of 429,900 MT for 2021/2022 were up noticeably from the previous week and up 41 percent from the prior 4-week average. Increases primarily for China (128,900 MT, including decreases of 10,900 MT), Egypt (117,500 MT, including 52,000 MT switched from unknown destinations), Germany (66,000 MT), Pakistan (55,000 MT), and Mexico (29,200 MT, including decreases of 7,000 MT), were offset by reductions for unknown destinations (27,000 MT) and South Korea (300 MT). Net sales of 595,300 MT for 2022/2023 were primarily for Pakistan (297,000 MT), China (261,000 MT), Japan (12,300 MT), Mexico (10,000 MT), and unknown destinations (10,000 MT). |
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Weekly Export Details |
Exports of 476,500 MT were up 17 percent from the previous week, but down 17 percent from the prior 4-week average. The destinations were primarily to Mexico (190,200 MT), Germany (66,000 MT), Egypt (52,500 MT), Japan (37,200 MT), and Colombia (27,700 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: 134,400 |
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Expectations |
2021-22: 150,000-300,000 |
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Weekly Sales Details |
Net sales of 134,400 MT for 2021/2022 were down 29 percent from the previous week and 35 percent from the prior 4-week average. Increases primarily for Mexico (46,100 MT), Venezuela (40,000 MT, including 18,000 MT switched from unknown destinations and decreases of 100 MT), Guatemala (14,000 MT), El Salvador (11,300 MT, including 4,200 MT switched from Guatemala), and the Dominican Republic (11,100 MT), were offset by reductions primarily for unknown destinations (18,000 MT), Costa Rica (6,400 MT), and Belgium (2,400 MT). Total net sales of 8,700 MT for 2022/2023 were reported for Costa Rica. |
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Weekly Export Details |
Exports of 229,400 MT were up 36 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to the Philippines (48,000 MT), Mexico (30,700 MT), Venezuela (28,000 MT), Honduras (25,500 MT), and Panama (19,700 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: 1,300 |
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Expectations |
2021-22: 0-25,000 |
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Weekly Sales Details |
Net sales of 1,300 MT for 2021/2022 were down 70 percent from the previous week and 52 percent from the prior 4-week average. Increases primarily for Colombia (2,300 MT switched from Costa Rica) and Guatemala (1,000 MT, including decreases of 2,000 MT), were offset by reductions for Costa Rica (2,300 MT). |
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Weekly Export Details |
Exports of 7,700 MT were down 30 percent from the previous week and 27 percent from the prior 4-week average. The destinations were to Costa Rica (4,000 MT), Colombia (2,300 MT), Canada (900 MT), and Mexico (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: 259,200 |
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Net sales of 259,200 RB for 2021/2022 were down 27 percent from the previous week, but up 96 percent from the prior 4-week average. Increases primarily for China (114,500 RB, including decreases of 300 RB), Vietnam (104,600 RB, including 400 RB switched from Japan, 400 RB switched from South Korea, and 100 RB switched from China), Turkey (16,700 RB, including decreases of 7,600 RB), Bangladesh (13,200 RB), and India (2,200 RB), were offset by reductions for South Korea (400 RB). Net sales of 102,900 RB for 2022/2023 reported for China (66,100 RB), Guatemala (25,900 RB), Mexico (11,000 RB), Japan (4,000 RB), and Thailand (1,300 RB), were offset by reductions for Pakistan (5,400 RB). |
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Weekly Export Details |
Exports of 335,900 RB were down 31 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to China (95,400 RB), Vietnam (56,200 RB), Pakistan (41,200 RB), Turkey (38,800 RB), and India (24,300 RB). |
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Comments and Performance Indicators |
Export commitments are 2% behind year-ago, compared with 3% 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: 17,700 |
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Weekly Sales Details |
Net sales of 17,700 MT for 2022 were down 1 percent from the previous week and 21 percent from the prior 4-week average. Increases were primarily for Japan (5,600 MT, including decreases of 900 MT), China (5,200 MT, including decreases of 300 MT), South Korea (3,600 MT, including decreases of 600 MT), Canada (1,000 MT), and Mexico (800 MT, including decreases of 100 MT). Total net sales of 400 MT for 2023 were reported for Canada. |
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Weekly Export Details |
Exports of 17,400 MT were down 9 percent from the previous week and from the prior 4-week average. The destinations were primarily to Japan (6,000 MT), South Korea (4,600 MT), China (2,400 MT), Mexico (900 MT), and Canada (800 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: 16,700 |
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Weekly Sales Details |
Net sales of 16,700 MT for 2022 were down 48 percent from the previous week and 44 percent from the prior 4-week average. Increases primarily for Mexico (8,300 MT, including decreases of 200 MT), Japan (4,700 MT, including decreases of 100 MT), South Korea (900 MT, including decreases of 500 MT), Canada (800 MT, including decreases of 400 MT), and Colombia (700 MT), were offset by reductions for Chile (100 MT). |
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Weekly Export Details |
Exports of 24,300 MT were down 22 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to Mexico (11,300 MT), Japan (3,500 MT), China (3,300 MT), South Korea (1,800 MT), and Canada (1,200 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2022 will drop 6.4% from last year. |
