USDA Weekly Export Sales Report Week Ended Oct. 14, 2021 | |
Corn | |
Actual Sales (in MT) | 2021-22: 1,273,100 |
Expectations (in MT) | 2021-22: 700,000-1,400,000 |
Weekly Sales Details | Net sales of 1,273,100 MT for 2021/2022 were up 22 percent from the previous week and 67 percent from the prior 4-week average. Increases primarily for unknown destinations (456,700 MT), Mexico (377,100 MT, including decreases of 39,300 MT), Japan (230,100 MT, including 114,400 MT switched from unknown destinations, decreases of 62,000 MT, and 55,000 MT - late), Colombia (111,500 MT, including 59,000 MT switched from unknown destinations and decreases of 31,500 MT), and Nicaragua (76,000 MT), were offset by reductions for Guatemala (15,300 MT). Total net sales of 500 MT for 2022/2023 were for Canada. |
Weekly Export Details | Exports of 1,041,700 MT were up 14 percent from the previous week and 36 percent from the prior 4-week average. The destinations were primarily to Mexico (447,500 MT), Japan (176,200 MT), China (143,100 MT), Colombia (93,600 MT), and Guatemala (65,100 MT). |
Comments and Performance Indicators | Export commitments are 2% ahead of year-ago, compared with 4% 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: 362,400 |
Expectations (in MT) | 2021-22: 250,000-650,000 |
Weekly Sales Details | Net sales of 362,400 metric tons (MT) for 2021/2022 were down 36 percent from the previous week and 6 percent from the prior 4-week average. Increases primarily for Nigeria (98,000 MT), Japan (92,100 MT), Colombia (76,100 MT, including 31,000 MT switched from unknown destinations), Thailand (52,200 MT), and Venezuela (33,000 MT, including 30,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (36,100 MT). |
Weekly Export Details | Exports of 160,200 MT were down 65 percent from the previous week and 66 percent from the prior 4-week average. The destinations were primarily to Mexico (41,700 MT), Venezuela (33,000 MT), Colombia (32,100 MT), South Korea (30,300 MT), and Taiwan (17,600 MT). |
Comments and Performance Indicators | Export commitments are 20% 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: 2,878,400 |
Expectations (in MT) | 2021-22: 1,500,000-2,500,000 |
Weekly Sales Details | Net sales of 2,878,400 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for China (1,884,400 MT, including 526,000 MT switched from unknown destinations, decreases of 6,300 MT, and 54,000 MT - late), unknown destinations (568,800 MT), the Netherlands (127,300 MT, including 124,000 MT switched from unknown destinations and decreases of 2,700 MT), Egypt (97,300 MT), and Bangladesh (57,800 MT, including 55,000 MT switched from unknown destinations). |
Weekly Export Details | Exports of 2,207,300 MT were up 29 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to China (1,659,500 MT), the Netherlands (127,300 MT), Mexico (97,500 MT), Turkey (66,000 MT), and Japan (63,900 MT). |
Comments and Performance Indicators | Export commitments are 31% behind year-ago, which compares to 39% 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: 240,400 |
Expectations | 2021-22: 150,000-400,000 |
Weekly Sales Details | Net sales of 240,400 MT for 2021/2022 primarily for Ecuador (64,900 MT, including decreases of 100 MT), Canada (49,800 MT, including decreases of 2,000 MT), Denmark (45,000 MT), Colombia (35,100 MT, including 9,200 MT switched from unknown destinations and decreases of 200 MT), and Nicaragua (18,000 MT), were offset by reductions primarily for Mexico (6,900 MT), Spain (6,000 MT), and Guatemala (4,600 MT). For 2022/2023, net sales of 6,100 MT were reported for Japan (3,600 MT) and the Netherlands (2,500 MT). |
Weekly Export Details | Exports of 216,800 MT were primarily to the Philippines (48,700 MT), Colombia (47,300 MT), Guatemala (34,000 MT), Mexico (23,500 MT), and Canada (17,200 MT). |
Comments and Performance Indicators | Export commitments are 9% 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: 3,000 |
Expectations | 2021-22: 4,000-25,000 |
Weekly Sales Details | Net sales of 3,000 MT for 2021/2022 were reported for Mexico (2,200 MT) and the Dominican Republic (800 MT). Total net sales of 100 MT for 2022/2023 were for Canada. |
Weekly Export Details | Exports of 8,000 MT were to Guatemala (7,500 MT), Mexico (400 MT), and Canada (100 MT). |
Comments and Performance Indicators | Export commitments for 2020-21 are 50% 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: 391,800 |
Weekly Sales Details | Net sales of 391,800 RB for 2021/2022 were up noticeably from the previous week and up 20 percent from the prior 4-week average. Increases were primarily for China (272,800 RB, including decreases of 100 RB), Turkey (76,900 RB), Vietnam (15,800 RB, including 300 RB switched from Japan), Mexico (6,200 RB), and Bangladesh (5,000 RB, including decreases of 100 RB). Net sales of 63,900 RB for 2022/2023 were primarily for China (50,000 RB) and Turkey (13,200 RB). Exports of 117,400 RB were up 23 percent from the previous week, but down 16 percent from the prior 4-week average. The destinations were primarily to China (46,400 RB), Mexico (18,700 RB), Turkey (11,900 RB), Pakistan (9,600 RB), and Bangladesh (8,500 RB). Net sales of Pima totaling 23,900 RB--a marketing-year high--were up noticeably from the previous week and up 58 percent from the prior 4-week average. Increases were primarily for India (17,000 RB), Peru (2,800 RB, including decreases of 300 RB), and China (1,800 RB). |
Weekly Export Details | Exports of 5,400 RB were down 49 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to India (4,500 RB), Austria (500 RB), and Peru (200 RB). |
Comments and Performance Indicators | Export commitments are 5% behind 2021-22 compared with 7% 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: 7,800 |
Weekly Sales Details | Net sales of 7,800 MT reported for 2021--a marketing-year low--were down 50 percent from the previous week and 51 percent from the prior 4-week average. Increases were primarily for Japan (2,300 MT, including decreases of 300 MT), China (1,600 MT, including decreases of 200 MT), South Korea (1,100 MT, including decreases of 400 MT), Taiwan (1,100 MT, including decreases of 100 MT), and Mexico (300 MT, including decreases of 200 MT). Net sales reductions of 200 MT for 2022 resulting in increases primarily for Chile (200 MT) and Indonesia (100 MT), were more than offset by reductions for South Korea (500 MT). |
Weekly Export Details | Exports of 17,100 MT were up 10 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to South Korea (5,400 MT), Japan (4,000 MT), China (3,000 MT), Mexico (1,400 MT), and Taiwan (1,100 MT). |
Comments and Performance Indicators | USDA projects 2021 exports will climb 15.7% from year-ago levels. |
Pork | |
Actual Sales (in MT) | 2021: 20,900 |
Weekly Sales Details | Net sales of 20,900 MT reported for 2021 were down 38 percent from the previous week and 36 percent from the prior 4-week average. Increases primarily for Mexico (10,200 MT, including decreases of 500 MT), South Korea (3,700 MT, including decreases of 300 MT), Japan (3,200 MT, including decreases of 200 MT), Colombia (800 MT, including decreases of 300 MT), and the Dominican Republic (800 MT), were offset by reductions for Bahamas (200 MT) and New Zealand (100 MT). Net sales of 1,400 MT for 2022 were primarily for Chile (1,300 MT). |
Weekly Export Details | Exports of 32,800 MT were up 11 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Mexico (15,000 MT), Japan (4,400 MT), China (4,100 MT), Colombia (2,700 MT), and Canada (1,800 MT). |
Comments and Performance Indicators | USDA projects exports in 2021 will drop 1.5% from last year. |
Soybean export sales top lofty expectations
China was the lead buyer of U.S. soybeans on the week at nearly 1.9 MMT.
(Farm Journal)