USDA Weekly Export Sales Report Week Ended Oct. 21, 2021 | |
Corn | |
Actual Sales (in MT) | 2021-22: 890,400 |
Expectations (in MT) | 2021-22: 800,000-1,300,000 |
Weekly Sales Details | Net sales of 890,400 MT for 2021/2022 were down 30 percent from the previous week and 10 percent from the prior 4-week average. Increases primarily for Mexico (492,900 MT, including decreases of 14,600 MT), Japan (193,600 MT, including 22,700 MT switched from unknown destinations and decreases of 8,000 MT), Colombia (100,500 MT, including 50,000 MT switched from unknown destinations and decreases of 16,000 MT), unknown destinations (44,400 MT), and Panama (19,000 MT), were offset by reductions for China (1,200 MT) and South Korea (400 MT). |
Weekly Export Details | Exports of 688,500 MT were down 34 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to Mexico (275,500 MT), Japan (148,800 MT), Colombia (144,100 MT), China (66,800 MT), and Costa Rica (38,000 MT). |
Comments and Performance Indicators | Export commitments are 3% ahead of year-ago, compared with 2% 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: 269,300 |
Expectations (in MT) | 2021-22: 200,000-550,000 |
Weekly Sales Details | Net sales of 269,300 metric tons (MT) for 2021/2022 were down 26 percent from the previous week and 31 percent from the prior 4-week average. Increases primarily for Mexico (140,800 MT, including decreases of 4,900 MT), Ecuador (24,700 MT, including 24,000 MT switched from unknown destinations and decreases of 500 MT), Honduras (22,600 MT), Singapore (22,000 MT), and South Korea (19,500 MT), were offset by reductions for Canada (500 MT) and Colombia (200 MT). |
Weekly Export Details | Exports of 185,600 MT were up 16 percent from the previous week, but down 52 percent from the prior 4-week average. The destinations were primarily to Taiwan (37,100 MT), Japan (34,800 MT), Mexico (33,800 MT), Ecuador (24,700 MT), and Chile (21,900 MT). |
Comments and Performance Indicators | Export commitments are 22% behind year-ago, compared with 20% behind last week. USDA projects exports in 2021-22 at 875 million bu., down 11.8% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2021-22: 1,183,400 |
Expectations (in MT) | 2021-22: 1,250,000-2,000,000 |
Weekly Sales Details | Net sales of 1,183,400 MT for 2021/2022 were down 59 percent from the previous week and 22 percent the prior 4-week average. Increases primarily for China (1,081,000 MT, including 449,000 MT switched from unknown destinations, 66,000 MT switched from Hong Kong, and decreases of 25,300 MT), the Netherlands (117,800 MT, including 120,000 MT switched from unknown destinations and decreases of 2,200 MT), Mexico (93,900 MT, including decreases of 5,800 MT), Taiwan (71,600 MT), and Pakistan (69,000 MT, including 66,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (469,300 MT). |
Weekly Export Details | Exports of 2,405,800 MT were up 9 percent from the previous week and 81 percent from the prior 4-week average. The destinations were primarily to China (1,790,600 MT), Mexico (187,600 MT), the Netherlands (113,400 MT), Japan (78,500 MT), and Pakistan (69,000 MT). |
Comments and Performance Indicators | Export commitments are 35% behind year-ago, which compares to 31% behind a week ago. USDA projects exports in 2021-22 at 2.090 billion bu., down 7.7% from year-ago. |
Soymeal | |
Actual Sales (in MT) | 2021-22: 161,500 |
Expectations | 2021-22: 150,000-375,000 |
Weekly Sales Details | Net sales of 161,500 MT for 2021/2022 primarily for the Philippines (134,000 MT, including 45,000 MT switched from France and 45,000 MT switched from Spain), Canada (70,400 MT, including decreases of 400 MT), Thailand (50,000 MT switched from unknown destinations), Japan (34,200 MT), and Morocco (21,200 MT, including decreases of 800 MT), were offset by reductions primarily for unknown destinations (59,300 MT), Spain (45,000 MT), Germany (45,000 MT), and France (45,000 MT). Total net sales of 500 MT for 2022/2023 were for Canada. |
Weekly Export Details | Exports of 184,000 MT were primarily to Colombia (39,900 MT), the Dominican Republic (28,100 MT), Japan (21,300 MT), Mexico (20,700 MT), and Costa Rica (18,200 MT). |
Comments and Performance Indicators | Export commitments are 8% ahead of year-ago early in the 2021-22 marketing year. USDA projects exports in 2021-22 will climb 2.2% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2021-22: 14,600 |
Expectations | 2021-22: 0-20,000 |
Weekly Sales Details | Net sales of 14,600 MT for 2021/2022 were reported for South Korea (9,000 MT), the Dominican Republic (2,800 MT), Canada (1,900 MT), and Mexico (900 MT). |
Weekly Export Details | Exports of 2,400 MT were to Mexico (1,600 MT), Canada (600 MT), and Honduras (200 MT). |
Comments and Performance Indicators | Export commitments for 2020-21 are 45% behind of last year early in the 2021-22 marketing year. USDA projects exports will fall 27.1% this season. |
Cotton | |
Actual Sales (in RB) | 2021-22: 360,800 |
Weekly Sales Details | Net sales of 360,800 RB for 2021/2022 were down 8 percent from the previous week, but up 6 percent from the prior 4-week average. Increases primarily for China (186,700 RB, including 4,400 RB switched from Vietnam and decreases of 5,300 RB), Turkey (149,200 RB), India (5,700 RB), South Korea (4,300 RB), and Mexico (3,900 RB), were offset by reductions for Ecuador (200 RB). Total net sales of 20,000 RB for 2022/2023 were for China. Exports of 63,400 RB--a marketing-year low--were down 46 percent from the previous week and 49 percent from the prior 4-week average. The destinations were primarily to Pakistan (12,600 RB), Vietnam (11,200 RB), Turkey (8,800 RB), China (8,500 RB), and Mexico (7,800 RB). Net sales of Pima totaling 8,500 RB were down 65 percent from the previous week and 45 percent from the prior 4-week average. Increases primarily for India (4,800 RB), Peru (1,900 RB), China (900 RB), Thailand (500 RB), and Japan (300 RB), were offset by reductions for Colombia (100 RB). |
Weekly Export Details | Exports of 2,200 RB--a marketing-year low--were down 60 percent from the previous week and 72 percent from the prior 4-week average. The destination was to India. |
Comments and Performance Indicators | Export commitments are 4% behind 2021-22 compared with 5% last week at the start of the marketing year. 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: 19,200 |
Weekly Sales Details | Net sales of 19,200 MT reported for 2021 were up noticeably from the previous week and up 39 percent from the prior 4-week average. Increases were primarily for South Korea (6,200 MT, including decreases of 500 MT), China (4,500 MT, including decreases of 200 MT), Japan (2,800 MT, including decreases of 600 MT), Mexico (2,100 MT, including decreases of 100 MT), and Taiwan (1,700 MT, including decreases of 100 MT). Net sales of 5,000 MT for 2022 were primarily for South Korea (4,100 MT), Indonesia (500 MT), and Japan (200 MT). |
Weekly Export Details | Exports of 16,700 MT were down 2 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to South Korea (4,700 MT), Japan (4,000 MT), China (3,500 MT), Mexico (1,200 MT), and Taiwan (1,000 MT). |
Comments and Performance Indicators | USDA projects 2021 exports will climb 15.7% from year-ago levels. |
Pork | |
Actual Sales (in MT) | 2021: 29,500 |
Weekly Sales Details | Net sales of 29,500 MT reported for 2021 were up 41 percent from the previous week, but down 1 percent from the prior 4-week average. Increases primarily for Mexico (16,900 MT, including decreases of 600 MT), Japan (3,300 MT, including decreases of 100 MT), Canada (2,800 MT, including decreases of 500 MT), South Korea (2,600 MT, including decreases of 900 MT), and Colombia (2,300 MT, including decreases of 100 MT), were offset by reductions primarily for China (1,400 MT). |
Weekly Export Details | Exports of 32,800 MT were unchanged from the previous week, but up 8 percent from the prior 4-week average. The destinations were primarily to Mexico (16,400 MT), Japan (4,400 MT), China (3,500 MT), Colombia (2,100 MT), and Canada (1,700 MT). |
Comments and Performance Indicators | USDA projects exports in 2021 will drop 1.5% from last year. |