USDA Weekly Export Sales Report Week Ended Nov. 4, 2021 | |
Corn | |
Actual Sales (in MT) | 2021-22: 1,067,300 |
Expectations (in MT) | 2021-22: 700,000-1,400,000 |
Weekly Sales Details | Net sales of 1,067,300 MT for 2021/2022 were down 13 percent from the previous week and 4 percent from the prior 4-week average. Increases primarily for Canada (357,600 MT), Colombia (304,600 MT, including 19,900 MT switched from unknown destinations and decreases of 38,800 MT), Mexico (272,200 MT, including decreases of 48,700 MT), Japan (151,100 MT, including 93,300 MT switched from unknown destinations and decreases of 56,800 MT), and the Dominican Republic (11,500 MT), were offset by reductions primarily for unknown destinations (45,600 MT) and Costa Rica (13,700 MT). Total net sales reductions for 2022/2023 of 2,500 MT were for Canada. |
Weekly Export Details | Exports of 718,000 MT were down 4 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to Mexico (313,700 MT), Japan (182,900 MT), Colombia (91,600 MT), Honduras (52,100 MT), and Canada (42,900 MT). |
Comments and Performance Indicators | Export commitments are 6% behind year-ago, compared with 7% ahead last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2021-22: 285,900 |
Expectations (in MT) | 2021-22: 200,000-500,000 |
Weekly Sales Details | Net sales of 285,900 metric tons (MT) for 2021/2022 were down 29 percent from the previous week and from the prior 4-week average. Increases primarily for the Philippines (152,000 MT), Japan (57,400 MT), Mexico (37,200 MT, including decreases of 1,400 MT), Italy (29,200 MT, including 20,000 MT switched from unknown destinations and decreases of 800 MT), and Guatemala (24,200 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (51,800 MT) and Nigeria (30,300 MT). Total net sales of 22,500 MT for 2022/2023 were for unknown destinations. |
Weekly Export Details | Exports of 270,000 MT were up 98 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to Mexico (105,900 MT), Thailand (51,100 MT), Colombia (43,500 MT), Japan (30,900 MT), and Italy (19,200 MT). |
Comments and Performance Indicators | Export commitments are 22% 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. |
Soybeans | |
Actual Sales (in MT) | 2021-22: 1,289,400 |
Expectations (in MT) | 2021-22: 950,000-1,800,000 |
Weekly Sales Details | Net sales of 1,289,400 MT for 2021/2022 were down 31 percent from the previous week and 25 percent the prior 4-week average. Increases primarily for China (939,300 MT, including 583,000 MT switched from unknown destinations and decreases of 15,000 MT), Germany (311,400 MT), Egypt (231,400 MT, including 119,000 MT switched from unknown destinations and decreases of 1,700 MT), Portugal (82,100 MT, including 66,000 MT switched from unknown destinations), and Mexico (80,700 MT, including decreases of 300 MT), were offset by reductions primarily for unknown destinations (847,400 MT). Total net sales of 30,000 MT for 2022/2023 were for unknown destinations. |
Weekly Export Details | Exports of 3,701,700 MT--a marketing-year high--were up 40 percent from the previous week and 70 percent from the prior 4-week average. The destinations were primarily to China (2,337,700 MT), Germany (311,400 MT), Egypt (142,900 MT), Bangladesh (113,200 MT), and Taiwan (99,300 MT). |
Comments and Performance Indicators | Export commitments are 33% 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. |
Soymeal | |
Actual Sales (in MT) | 2021-22: 278,000 |
Expectations | 2021-22: 100,000-250,000 |
Weekly Sales Details | Net sales of 278,000 MT for 2021/2022 were up 23 percent from the previous week and 12 percent from the prior 4-week average. Increases primarily for Mexico (69,600 MT, including decreases of 11,300 MT), the Philippines (65,900 MT), Colombia (57,100 MT, including decreases of 1,200 MT), Ecuador (18,800 MT, including decreases of 200 MT), and Canada (11,100 MT, including decreases of 800 MT), were offset by reductions for Costa Rica (5,700 MT). Net sales reductions of 100 MT for 2022/2023 resulting in increases for the Netherlands (500 MT), were more than offset by reductions for primarily for Japan (500 MT). |
Weekly Export Details | Exports of 166,400 MT were down 21 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to Mexico (48,700 MT), Peru (31,900 MT), Canada (22,300 MT), Colombia (18,400 MT), and Honduras (13,400 MT). |
Comments and Performance Indicators | Export commitments are running 7% ahead of year-ago versus 5% ahead last week. USDA projects exports in 2021-22 will climb 3.1% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2021-22: 10,400 |
Expectations | 2021-22: 0-15,000 |
Weekly Sales Details | Net sales of 10,400 MT for 2021/2022 were down 7 percent from the previous week and 14 percent from the prior 4-week average. Increases were primarily for the Dominican Republic (3,100 MT), Colombia (2,500 MT), Venezuela (2,500 MT), Honduras (900 MT), and Mexico (800 MT). |
Weekly Export Details | Exports of 6,000 MT were down 41 percent from the previous week, but up 14 percent from the prior 4-week average. The destinations were primarily to Venezuela (3,500 MT), Mexico (1,100 MT), and Honduras (1,000 MT). |
Comments and Performance Indicators | Export commitments are running 54% behind last year compared with 35% behind last week. USDA projects exports will fall 27.5% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2021-22: 128,000 |
Weekly Sales Details | Net sales of 128,000 RB for 2021/2022 were down 8 percent from the previous week and 51 percent from the prior 4-week average. Increases primarily for China (78,800 RB), Bangladesh (16,800 RB), Turkey (13,300 RB), Pakistan (8,100 RB), and South Korea (7,900 RB), were offset by reductions primarily for Indonesia (12,900 RB). Net sales of 11,600 RB for 2022/2023 were reported for Costa Rica (5,000 RB), Pakistan (4,400 RB), and Turkey (2,200 RB). |
Weekly Export Details | Exports of 87,900 RB were down 38 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to China (36,700 RB), Mexico (18,000 RB), Vietnam (8,100 RB), Indonesia (7,100 RB), and Pakistan (3,300 RB). Net sales of Pima totaling 6,500 RB were down 80 percent from the previous week and 63 percent from the prior 4-week average. Increases were primarily for India (3,900 RB), China (900 RB switched from Vietnam), Peru (700 RB), Germany (400 RB), and Bahrain (300 RB). Exports of 9,600 RB were up 25 percent from the previous week and 48 percent from the prior 4-week average. The destinations were primarily to India (7,900 RB), Greece (400 RB), South Korea (400 RB), Bangladesh (400 RB), and Austria (300 RB). |
Comments and Performance Indicators | Export commitments are 5% behind year-ago compared with 4% last week. USDA forecasts total cotton exports will fall 5.3% from year-ago to 15.50 million bales in 2021-22. |
Beef | |
Actual Sales (in MT) | 2021: 20,600 |
Weekly Sales Details | Net sales of 20,600 MT for 2021 were up 23 percent from the previous week and 39 percent from the prior 4-week average. Increases primarily for China (8,200 MT, including decreases of 300 MT), Taiwan (4,300 MT, including decreases of 100 MT), Japan (2,200 MT, including decreases of 300 MT), Mexico (2,200 MT), and South Korea (1,600 MT, including decreases of 700 MT), were offset by reductions for Panama (200 MT) and Colombia (100 MT). Net sales of 400 MT for 2022 resulting in increases for Japan (600 MT), China (200 MT), and Mexico (100 MT), were offset by reductions for South Korea (500 MT). |
Weekly Export Details | Exports of 17,000 MT were up 1 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to South Korea (5,000 MT), Japan (3,700 MT), China (3,200 MT), Mexico (1,300 MT), and Taiwan (1,200 MT). |
Comments and Performance Indicators | USDA projects 2021 exports will climb 17.1% from year-ago to a record level. |
Pork | |
Actual Sales (in MT) | 2021: 23,300 |
Weekly Sales Details | Net sales of 23,300 MT for 2021 were down 49 percent from the previous week and 28 percent from the prior 4-week average. Increases primarily for Mexico (7,800 MT, including decreases of 500 MT), China (5,800 MT, including decreases of 300 MT), Japan (5,400 MT, including decreases of 100 MT), Canada (3,700 MT, including decreases of 500 MT), and the Dominican Republic (1,000 MT), were offset by reductions primarily for South Korea (2,400 MT). Net sales of 13,600 MT for 2022 were primarily for South Korea (13,300 MT). |
Weekly Export Details | Exports of 32,000 MT were down 5 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Mexico (14,200 MT), Japan (4,500 MT), China (3,600 MT), South Korea (2,900 MT), and Colombia (2,400 MT). |
Comments and Performance Indicators | USDA projects exports in 2021 will drop 1.2% from last year. |