Weekly corn, soybean and wheat exports sales jump
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USDA Weekly Export Sales Report Week Ended Oct. 28, 2021 |
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Corn |
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Actual Sales (in MT) |
2021-22: 1,223,800 |
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Expectations (in MT) |
2021-22: 700,000-1,400,000 |
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Weekly Sales Details |
Net sales of 1,223,800 MT for 2021/2022 were up 37 percent from the previous week and 10 percent from the prior 4-week average. Increases primarily for Mexico (666,300 MT, including decreases of 18,300 MT), Japan (114,900 MT, including 50,900 MT switched from unknown destinations and decreases of 15,500 MT), Guatemala (105,400 MT), Colombia (77,500 MT, including 50,000 MT switched from unknown destinations), and Saudi Arabia (74,000 MT), were offset by reductions for unknown destinations (12,900 MT) and Panama (1,800 MT). |
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Weekly Export Details |
Net sales of 1,223,800 MT for 2021/2022 were up 37 percent from the previous week and 10 percent from the prior 4-week average. Increases primarily for Mexico (666,300 MT, including decreases of 18,300 MT), Japan (114,900 MT, including 50,900 MT switched from unknown destinations and decreases of 15,500 MT), Guatemala (105,400 MT), Colombia (77,500 MT, including 50,000 MT switched from unknown destinations), and Saudi Arabia (74,000 MT), were offset by reductions for unknown destinations (12,900 MT) and Panama (1,800 MT). |
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Comments and Performance Indicators |
Export commitments are 7% behind year-ago, compared with 3% ahead 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: 400,100 |
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Expectations (in MT) |
2021-22: 180,000-500,000 |
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Weekly Sales Details |
Net sales of 400,100 metric tons (MT) for 2021/2022 were up 49 percent from the previous week and 4 percent from the prior 4-week average. Increases primarily for Mexico (101,400 MT, including decreases of 26,000 MT), South Korea (50,000 MT), Taiwan (48,400 MT), unknown destinations (31,700 MT), and Japan (30,300 MT), were offset by reductions for China (100 MT). |
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Weekly Export Details |
Exports of 136,400 MT were down 27 percent from the previous week and 60 percent from the prior 4-week average. The destinations were primarily to Mexico (27,000 MT), Panama (24,600 MT), Honduras (23,400 MT), Jamaica (22,500 MT), and Canada (17,800 MT). |
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Comments and Performance Indicators |
Export commitments are 22% behind year-ago, compared with 22% behind last week. USDA projects exports in 2021-22 at 875 million bu., down 11.8% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 1,863,900 |
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Expectations (in MT) |
2021-22: 1,000,000-2,000,000 |
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Weekly Sales Details |
Net sales of 1,863,900 MT for 2021/2022 were up 58 percent from the previous week and 19 percent the prior 4-week average. Increases primarily for China (1,207,300 MT, including 510,000 MT switched from unknown destinations and decreases of 14,000 MT), Mexico (157,400 MT, including decreases of 1,100 MT), the Netherlands (142,100 MT, including 120,000 MT switched from unknown destinations and decreases of 3,900 MT), Egypt (140,500 MT, including decreases of 1,600 MT), and Spain (92,900 MT, including 64,000 MT switched from China and 26,000 MT switched unknown destinations), were offset by reductions for unknown destinations (137,600 MT). |
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Weekly Export Details |
Exports of 2,650,500 MT were up 10 percent from the previous week and 46 percent from the prior 4-week average. The destinations were primarily to China (1,864,500 MT), Mexico (178,600 MT), the Netherlands (142,100 MT), Spain (92,900 MT), and Egypt (87,100 MT). |
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Comments and Performance Indicators |
Export commitments are 33% behind year-ago, which compares to 35% behind a week ago. USDA projects exports in 2021-22 at 2.090 billion bu., down 7.7% from year-ago. |
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Soymeal |
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Actual Sales (in MT) |
2021-22: 226,600 |
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Expectations |
2021-22: 100,000-250,000 |
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Weekly Sales Details |
Net sales of 226,600 MT for 2021/2022 primarily for Mexico (71,000 MT), Guatemala (44,200 MT), Morocco (24,000 MT), El Salvador (22,700 MT), and Venezuela (20,500 MT, including 18,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (18,600 MT). Total net sales reductions of 200 MT for 2022/2023 were for Japan. |
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Weekly Export Details |
Exports of 211,100 MT were primarily to Ecuador (40,300 MT), Honduras (34,000 MT), Canada (30,500 MT), Mexico (23,900 MT), and Venezuela (20,500 MT). |
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Comments and Performance Indicators |
Export commitments are 5% 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. |
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Soyoil |
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Actual Sales (in MT) |
2021-22: 11,200 |
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Expectations |
2021-22: 0-20,000 |
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Weekly Sales Details |
Net sales of 11,200 MT for 2021/2022 were primarily for Mexico (6,500 MT), Costa Rica (4,000 MT), and Guatemala (500 MT). |
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Weekly Export Details |
Exports of 10,200 MT were primarily to Costa Rica (4,200 MT), Jamaica (3,500 MT), Mexico (1,200 MT), and Honduras (1,000 MT). |
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Comments and Performance Indicators |
Export commitments are 35% behind last year early in the 2021-22 marketing year. USDA projects exports will fall 27.1% this season. |
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Cotton |
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Actual Sales (in RB) |
2021-22: 139,100 |
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Net sales of 139,100 RB for 2021/2022 were down 61 percent from the previous week and 51 percent from the prior 4-week average. Increases were primarily for China (44,800 RB, including decreases of 30,400 RB), India (24,300 RB), Turkey (23,700 RB), Vietnam (18,100 RB), and Peru (13,700 RB). Net sales of 20,600 RB for 2022/2023 reported for Turkey (13,200 RB) and Pakistan (8,800 RB), were offset by reductions for China (1,400 RB). Exports of 141,900 RB were up noticeably from the previous week and up 42 percent from the prior 4-week average. The destinations were primarily to China (61,100 RB), Mexico (24,400 RB), Pakistan (13,100 RB), Turkey (7,400 RB), and El Salvador (6,900 RB). Net sales of Pima totaling 31,800 RB--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for Vietnam (8,700 RB), India (7,900 RB, including decreases of 400 RB), China (7,300 RB), Pakistan (3,700 RB), and Turkey (2,200 RB). Total net sales of 1,800 RB for 2022/2023 were for Egypt. |
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Weekly Export Details |
Exports of 7,600 RB were up noticeably from the previous week and up 39 percent from the prior 4-week average. The destinations were primarily to India (5,400 RB), Peru (1,600 RB), and Thailand (400 RB). |
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Comments and Performance Indicators |
Export commitments are 4% 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. |
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Beef |
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Actual Sales (in MT) |
2021: 16,700 |
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Weekly Sales Details |
Net sales of 16,700 MT for 2021 were down 13 percent from the previous week, but up 15 percent from the prior 4-week average. Increases were primarily for South Korea (6,700 MT, including decreases of 500 MT), China (2,800 MT, including decreases of 100 MT), Japan (2,200 MT, including decreases of 500 MT), Taiwan (1,600 MT, including decreases of 100 MT), and Canada (1,000 MT, including decreases of 100 MT). Net sales of 3,500 MT for 2022 were primarily for South Korea (2,700 MT) and Japan (700 MT). |
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Weekly Export Details |
Exports of 16,800 MT were unchanged from the previous week, but up 3 percent from the prior 4-week average. The destinations were primarily to South Korea (4,600 MT), Japan (4,500 MT), China (3,100 MT), Taiwan (1,100 MT), and Mexico (1,100 MT). |
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Comments and Performance Indicators |
USDA projects 2021 exports will climb 15.7% from year-ago levels. |
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Pork |
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Actual Sales (in MT) |
2021: 45,700 |
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Weekly Sales Details |
Net sales of 45,700 MT for 2021 were up 55 percent from the previous week and 72 percent from the prior 4-week average. Increases primarily for Mexico (18,500 MT, including decreases of 500 MT), China (16,000 MT, including decreases of 300 MT), Japan (3,500 MT, including decreases of 200 MT), Canada (2,500 MT, including decreases of 400 MT), and South Korea (2,000 MT, including decreases of 1,100 MT), were offset by reductions for Chile (700 MT). Net sales of 400 MT for 2022 were reported for Japan. |
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Weekly Export Details |
Exports of 33,800 MT were up 3 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to Mexico (15,800 MT), China (4,400 MT), Japan (4,300 MT), Colombia (2,800 MT), and South Korea (2,300 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2021 will drop 1.5% from last year. |
