Cotton export sales reach marketing year high
|
USDA Weekly Export Sales Report Week Ended Feb. 2, 2023 |
|
|
Corn |
|
|
Actual Sales (in MT) |
2022-23: 1,160,300 |
|
Expectations (in MT) |
2022-23: 600,000-1,200,000 |
|
Weekly Sales Details |
Net sales of 1,160,300 MT for 2022/2023 were down 27 percent from the previous week, but up 19 percent from the prior 4-week average. Increases were primarily for Japan (388,200 MT), unknown destinations (308,200 MT), Mexico (107,000 MT, including decreases of 28,900 MT), Guatemala (70,800 MT), and Panama (67,000 MT). Total net sales of 10,000 MT for 2023/2024 were for Japan. |
|
Weekly Export Details |
Exports of 394,900 MT were down 34 percent from the previous week and 40 percent from the prior 4-week average. The destinations were primarily to Mexico (283,900 MT), Costa Rica (33,200 MT), Canada (26,300 MT), Hong Kong (15,300 MT), and Nicaragua (12,200 MT). |
|
Comments and Performance Indicators |
Export commitments are 41.4% behind a year-ago compared to 43.2% behind last week. USDA projects exports in 2022-23 at 1.925 billion bu., 22% below the previous marketing year. |
|
Wheat |
|
|
Actual Sales (in MT) |
2022-23: 131,400 |
|
Expectations (in MT) |
2022-23: 125,000-450,000 |
|
Weekly Sales Details |
Net sales of 131,400 metric tons (MT) for 2022/2023 were down 4 percent from the previous week and 56 percent from the prior 4-week average. Increases primarily for Mexico (76,000 MT, including decreases of 300 MT), Colombia (43,600 MT, including 31,600 MT switched from unknown destinations and decreases of 800 MT), unknown destinations (39,000 MT), Ecuador (28,800 MT, including 19,400 MT switched from unknown destinations), and Japan (26,000 MT), were offset by reductions primarily for South Korea (60,000 MT) and Iraq (47,900 MT). Net sales of 19,500 MT for 2023/2024 were reported for Colombia (12,500 MT), Mexico (6,500 MT), and Panama (500 MT). |
|
Weekly Export Details |
Exports of 538,100 MT were up 9 percent from the previous week and 70 percent from the prior 4-week average. The destinations were primarily to the Philippines (121,100 MT), Mexico (81,300 MT), South Korea (55,200 MT), Iraq (52,100 MT), and Ecuador (45,800 MT). |
|
Comments and Performance Indicators |
Export commitments are running 6.0% behind a year-ago, compared to 6.3% behind last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
|
Soybeans |
|
|
Actual Sales (in MT) |
2022-23: 459,400 |
|
Expectations (in MT) |
2022-23: 400,000-1,000,000 |
|
Weekly Sales Details |
Net sales of 459,400 MT for 2022/2023 were down 38 percent from the previous week and 49 percent from the prior 4-week average. Increases primarily for China (518,900 MT, including 332,000 MT switched from unknown destinations, 52,000 MT switched from Pakistan, and decreases of 67,200 MT), Spain (139,600 MT, including 132,000 MT switched from unknown destinations), the Netherlands (85,600 MT, including 77,000 MT switched from unknown destinations), Indonesia (73,800 MT, including 55,000 MT switched from unknown destinations, 300 MT switched from Taiwan, and decreases of 200 MT), and Colombia (26,700 MT, including 12,000 MT switched from unknown destinations and decreases of 1,200 MT), were offset by reductions primarily for unknown destinations (387,000 MT). Net sales of 185,000 MT for 2023/2024 were reported for unknown destinations (132,000 MT) and China (53,000 MT). |
|
Weekly Export Details |
Exports of 1,828,600 MT were down 7 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to China (1,181,900 MT), Mexico (248,800 MT), Spain (139,600 MT), the Netherlands (85,600 MT), and Indonesia (78,800 MT). |
|
Comments and Performance Indicators |
Export commitments are running 2.1% ahead of a year-ago, versus 4.7% ahead last week. USDA projects exports in 2022-23 at 1.990 billion bu., down 8.0% from the previous marketing year. |
|
Soymeal |
|
|
Actual Sales (in MT) |
2022-23: 181,700 |
|
Expectations |
2022-23: 100,000-300,000 |
|
Weekly Sales Details |
Net sales of 181,700 MT for 2022/2023 were up 10 percent from the previous week, but down 13 percent from the prior 4-week average. Increases primarily for Colombia (64,900 MT, including decreases of 1,100 MT), South Korea (50,000 MT switched from unknown destinations), Mexico (34,400 MT, including decreases of 12,700 MT), Canada (25,700 MT), and Honduras (20,800 MT, including decreases of 11,800 MT), were offset by reductions primarily for unknown destinations (42,000 MT), El Salvador (3,000 MT), and Ecuador (1,500 MT). Total net sales of 900 MT for 2023/2024 were for Canada. |
|
Weekly Export Details |
Exports of 312,800 MT were up 9 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Ecuador (53,100 MT), the Philippines (51,500 MT), Chile (49,500 MT), Colombia (33,600 MT), and Denmark (32,700 MT). |
|
Comments and Performance Indicators |
Export commitments are 6.5% behind a year-ago, compared to 6.0% behind a week ago. USDA projects exports in 2022-23 will increase 1.3% from the previous marketing year. |
|
Soyoil |
|
|
Actual Sales (in MT) |
2022-23: 1,900 |
|
Expectations |
2022-23: 0-10,000 |
|
Weekly Sales Details |
Net sales of 1,900 MT for 2022/2023 were up noticeably from the previous week and up 79 percent from the prior 4-week average. Increases were primarily for the Dominican Republic (1,200 MT). |
|
Weekly Export Details |
Exports of 2,300 MT were up 51 percent from the previous week and up noticeably from the prior 4-week average. The destinations were to the Dominican Republic (1,200 MT), Mexico (800 MT), and Canada (300 MT). |
|
Comments and Performance Indicators |
Export commitments are running 91.1% behind a year-ago, compared to 91.5% behind last week. USDA projects exports will decrease 55% this season. |
|
Cotton |
|
|
Actual Upland Sales (in RB) |
2022-23: 262,800 |
|
Weekly Sales Details |
Net sales of 262,800 RB for 2022/2023--a marketing-year high--were up 54 percent from the previous week and 58 percent from the prior 4-week average. Increases primarily for China (87,700 RB, including 200 RB switched from Vietnam), Turkey (72,600 RB, including decreases of 300 RB), Vietnam (45,300 RB, including 800 RB switched from South Korea), Indonesia (16,600 RB), and Pakistan (14,000 RB, including decreases of 4,200 RB), were offset by reductions for El Salvador (400 RB) and Mexico (300 RB). Net sales of 4,800 RB for 2023/2024 were primarily for Thailand (3,300 RB). Exports of 210,100 RB were down 1 percent from the previous week, but up 17 percent from the prior 4-week average. The destinations were primarily to Pakistan (45,200 RB), Vietnam (42,800 RB), China (40,300 RB), Turkey (18,900 RB), and Mexico (13,000 RB). Net sales of Pima totaling 1,300 RB for 2022/2023 were down noticeably from the previous week and down 50 percent from the prior 4-week average. Increases were primarily for Vietnam (700 RB) and Bangladesh (300 RB). |
|
Weekly Export Details |
Exports of 5,800 RB were down 25 percent from the previous week, but up 4 percent from the prior 4-week average. The destinations were primarily to Vietnam (2,200 RB), India (1,300 RB), China (1,100 RB), South Korea (400 RB), and Turkey (300 RB). |
|
Comments and Performance Indicators |
Export commitments are running % behind a year-ago, versus 21.2% behind last week. USDA forecasts total cotton exports will fall 17.9% from a year ago to 12.00 million bales in 2022-23. |
|
Beef |
|
|
Actual Sales (in MT) |
2023: 16,400 |
|
Weekly Sales Details |
Net sales of 16,400 MT for 2023 were primarily for South Korea (4,400 MT, including decreases of 400 MT), Japan (3,500 MT, including decreases of 400 MT), Mexico (2,700 MT), Canada (1,400 MT, including decreases of 100 MT), and China (1,400 MT, including decreases of 200 MT). |
|
Weekly Export Details |
Exports of 15,600 MT were primarily to Japan (4,800 MT), South Korea (4,400 MT), China (1,900 MT), Mexico (1,200 MT), and Taiwan (900 MT). |
|
Comments and Performance Indicators |
USDA projects 2022 exports will fall 12.8% from a year ago. |
|
Pork |
|
|
Actual Sales (in MT) |
2023: 28,800 |
|
Weekly Sales Details |
Net sales of 28,800 MT for 2023 were primarily for Mexico (12,700 MT, including decreases of 200 MT), South Korea (4,700 MT, including decreases of 1,200 MT), China (3,400 MT, including decreases of 200 MT), Colombia (1,600 MT, including decreases of 100 MT), and Australia (1,500 MT). |
|
Weekly Export Details |
Exports of 30,400 MT were primarily to Mexico (14,000 MT), China (4,600 MT), Japan (3,000 MT), Canada (2,100 MT), and South Korea (2,100 MT). |
|
Comments and Performance Indicators |
USDA projects exports in 2023 will rise 0.3% from last year. |
