Corn, soybean and wheat exports sales as expected
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USDA Weekly Export Sales Report Week Ended Nov. 11, 2021 |
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Corn |
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Actual Sales (in MT) |
2021-22: 904,600 |
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Expectations (in MT) |
2021-22: 800,000-1,400,000 |
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Weekly Sales Details |
Net sales of 904,600 MT for 2021/2022 were down 15 percent from the previous week and 19 percent from the prior 4-week average. Increases primarily for Canada (230,000 MT), Mexico (210,400 MT, including decreases of 6,300 MT), Japan (201,600 MT, including 110,800 MT switched from unknown destinations and decreases of 6,000 MT), Colombia (69,300 MT, including 50,900 MT switched from unknown destinations and decreases of 103,000 MT), and Guatemala (47,200 MT, including 18,700 MT switched from Nicaragua, 13,500 MT switched from Costa Rica, 7,500 MT switched from Honduras, and decreases of 9,100 MT), were offset by reductions for Nicaragua (16,000 MT) and Costa Rica (12,600 MT). Total net sales of 140,000 MT for 2022/2023 were for Mexico. |
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Weekly Export Details |
Exports of 1,167,700 MT--a marketing-year high--were up 63 percent from the previous week and 46 percent from the prior 4-week average. The destinations were primarily to Mexico (404,300 MT), Colombia (222,800 MT), Japan (154,200 MT), Canada (151,000 MT), and Guatemala (127,900 MT). |
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Comments and Performance Indicators |
Export commitments are 6% 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: 399,100 |
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Expectations (in MT) |
2021-22: 250,000-500,000 |
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Weekly Sales Details |
Net sales of 399,100 metric tons (MT) for 2021/2022 were up 40 percent from the previous week and 21 percent from the prior 4-week average. Increases primarily for Nigeria (84,200 MT, including 27,500 MT switched from unknown destinations), Vietnam (66,000 MT), Japan (62,500 MT), the Philippines (61,500 MT), and Mexico (39,200 MT, including decreases of 5,300 MT), were offset by reductions primarily for unknown destinations (45,600 MT). |
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Weekly Export Details |
Exports of 310,900 MT were up 15 percent from the previous week and 65 percent from the prior 4-week average. The destinations were primarily to Nigeria (130,500 MT), Venezuela (33,600 MT), Guatemala (31,900 MT), Japan (27,400 MT), and Mexico (22,300 MT). |
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Comments and Performance Indicators |
Export commitments are 20% behind year-ago, compared with 22% behind last week. USDA projects exports in 2021-22 at 860 million bu., down 13.3% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 1,382,700 |
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Expectations (in MT) |
2021-22: 1,00,000-1,600,000 |
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Weekly Sales Details |
Net sales of 1,382,700 MT for 2021/2022 were up 13 percent from the previous week, but down 20 percent the prior 4-week average. Increases primarily for China (727,500 MT, including 394,000 MT switched from unknown destinations and decreases of 5,700 MT), the Netherlands (133,000 MT, including 126,000 MT switched from unknown destinations), Spain (113,700 MT, including 65,000 MT switched from unknown destinations), Thailand (74,600 MT, including 66,000 MT switched from unknown destinations), and unknown destinations (60,100 MT), were offset by reductions for Bangladesh (2,900 MT). Total net sales reductions of 7,800 MT for 2022/2023 were for Cuba. |
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Weekly Export Details |
Exports of 2,344,200 MT were down 36 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to China (1,657,200 MT), the Netherlands (133,000 MT), Mexico (123,200 MT), Thailand (76,000 MT), and Spain (71,700 MT). |
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Comments and Performance Indicators |
Export commitments are 32% behind year-ago, which compares to 33% behind a week ago. USDA projects exports in 2021-22 at 2.050 billion bu., down 9.5% from year-ago. |
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Soymeal |
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Actual Sales (in MT) |
2021-22: 183,000 |
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Expectations |
2021-22: 100,000-300,000 |
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Weekly Sales Details |
Net sales of 183,000 MT for 2021/2022 were down 34 percent from the previous week and 19 percent from the prior 4-week average. Increases primarily for the Philippines (99,700 MT), Morocco (27,000 MT), Guatemala (18,600 MT, including 5,000 MT switched from Costa Rica and decreases of 6,100 MT), Honduras (12,000 MT), and Canada (8,000 MT, including decreases of 1,200 MT), were offset by reductions for Costa Rica (5,000 MT), Belgium (1,500 MT), and Colombia (500 MT). Total net sales reductions of 600 MT for 2022/2023 were for Japan. |
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Weekly Export Details |
Exports of 230,500 MT were up 39 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to Colombia (109,500 MT), the Dominican Republic (28,600 MT), Guatemala (27,800 MT), Canada (19,700 MT), and Mexico (16,900 MT). |
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Comments and Performance Indicators |
Export commitments are running 7% ahead of year-ago, the same as last week. USDA projects exports in 2021-22 will climb 3.1% from the previous marketing year. |
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Soyoil |
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Actual Sales (in MT) |
2021-22: 67,500 |
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Expectations |
2021-22: 20,000-40,000 |
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Weekly Sales Details |
Net sales of 67,500 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for unknown destinations (22,000 MT), the Dominican Republic (19,500 MT), South Korea (12,000 MT), Mexico (6,900 MT), and Guatemala (3,000 MT). |
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Weekly Export Details |
Exports of 1,800 MT were down 70 percent from the previous week and 73 percent from the prior 4-week average. The destinations were to Mexico (1,600 MT) and Canada (200 MT). |
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Comments and Performance Indicators |
Export commitments are running 41% behind last year compared with 54% behind last week. USDA projects exports will fall 27.5% this season. |
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Cotton |
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Actual Upland Sales (in RB) |
2021-22: 136,700 |
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Net sales of 136,700 RB for 2021/2022 were up 7 percent from the previous week, but down 46 percent from the prior 4-week average. Increases were primarily for Vietnam (40,400 RB, including 600 RB switched from Thailand, 200 RB switched from Japan, and 100 RB switched from China), Turkey (30,800 RB, including 4,400 RB switched from Vietnam), China (13,500 RB), Nicaragua (13,200 RB, including 8,800 RB switched from Vietnam), and Indonesia (6,500 RB). Net sales of 7,200 RB for 2022/2023 were reported for Turkey (4,400 RB) and Colombia (2,800 RB). Exports of 77,900 RB were down 11 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to Mexico (30,200 RB), China (20,500 RB), Vietnam (6,500 RB), Pakistan (6,300 RB), and Thailand (2,100 RB). Net sales of Pima totaling 20,600 RB were up noticeably from the previous week and up 17 percent from the prior 4-week average. Increases were primarily for Peru (8,200 RB), India (8,100 RB), Turkey (1,300 RB), Germany (1,100 RB), and China (900 RB). |
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Weekly Export Details |
Exports of 6,500 RB were down 32 percent from the previous week, but up 6 percent from the prior 4-week average. The destinations were to India (4,900 RB), Italy (1,100 RB), Taiwan (400 RB), and Thailand (100 RB). |
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Comments and Performance Indicators |
Export commitments are 5% behind year-ago, the same as last week. USDA forecasts total cotton exports will fall 5.3% from year-ago to 15.50 million bales in 2021-22. |
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Beef |
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Actual Sales (in MT) |
2021: 25,500 |
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Weekly Sales Details |
Net sales of 25,500 MT for 2021 were up 23 percent from the previous week and 58 percent from the prior 4-week average. Increases primarily for China (13,800 MT, including decreases of 200 MT), Taiwan (3,600 MT, including decreases of 100 MT), Japan (3,200 MT, including decreases of 500 MT), South Korea (1,700 MT, including decreases of 500 MT), and Mexico (800 MT, including decreases of 100 MT), were offset by reductions for Colombia (100 MT). For 2022, net sales of 4,600 MT were primarily for South Korea (2,600 MT), Japan (1,300 MT), and China (400 MT). |
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Weekly Export Details |
Exports of 18,200 MT were up 8 percent from the previous week and from the prior 4-week average. The destinations were primarily to South Korea (5,400 MT), Japan (4,100 MT), China (3,200 MT), Mexico (1,500 MT), and Taiwan (1,100 MT). |
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Comments and Performance Indicators |
USDA projects 2021 exports will climb 17.1% from year-ago to a record level. |
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Pork |
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Actual Sales (in MT) |
2021: 25,000 |
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Weekly Sales Details |
Net sales of 25,000 MT for 2021 were up 7 percent from the previous week, but down 16 percent from the prior 4-week average. Increases primarily for Mexico (16,900 MT, including decreases of 600 MT), Japan (3,800 MT, including decreases of 200 MT), Canada (1,600 MT, including decreases of 600 MT), Colombia (1,100 MT, including decreases of 100 MT), and Australia (700 MT, including decreases of 100 MT), were offset by reductions for South Korea (900 MT). Net sales of 5,100 MT for 2022 were primarily for South Korea (4,200 MT) and Australia (800 MT). |
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Weekly Export Details |
Exports of 34,700 MT were up 9 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Mexico (16,200 MT), Japan (4,600 MT), China (4,400 MT), South Korea (3,000 MT), and Colombia (2,100 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2021 will drop 1.2% from last year. |
