Weekly pork sales notch marketing year high
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USDA Weekly Export Sales Report Week Ended April 20, 2023 |
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Corn |
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Actual Sales (in MT) |
2022-23: 400,000 |
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Expectations (in MT) |
2022-23: 100,000-800,000 |
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Weekly Sales Details |
Net sales of 400,000 MT for 2022/2023 were up 28 percent from the previous week, but down 49 percent from the prior 4-week average. Increases primarily for Japan (177,200 MT, including 111,500 MT switched from unknown destinations and decreases of 900 MT), Mexico (141,200 MT, including 26,000 MT switched from unknown destinations and decreases of 10,400 MT), Colombia (110,400 MT, including 89,700 MT switched from unknown destinations and decreases of 36,200 MT), Peru (77,500 MT, including 26,000 MT switched from unknown destinations and decreases of 400 MT), and Venezuela (13,000 MT), were offset by reductions for China (64,300 MT), unknown destinations (54,700 MT), and El Salvador (48,600 MT). |
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Weekly Export Details |
Exports of 1,076,300 MT were down 17 percent from the previous week, but up 7 percent from the prior 4-week average. The destinations were primarily to Japan (342,600 MT), Mexico (256,900 MT), China (141,700 MT), Colombia (90,700 MT), and Peru (72,100 MT). |
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Comments and Performance Indicators |
Export commitments are 33.1% behind a year-ago compared to 32.8% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
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Wheat |
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Actual Sales (in MT) |
2022-23: 155,700 |
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Expectations (in MT) |
2022-23: 75,000-400,000 |
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Weekly Sales Details |
Net sales of 155,700 metric tons (MT) for 2022/2023 were down 40 percent from the previous week and 7 percent from the prior 4-week average. Increases primarily for Japan (119,200 MT, including decreases of 800 MT), unknown destinations (67,000 MT), Yemen (50,000 MT), Algeria (20,500 MT), and the Leeward-Windward Islands (7,000 MT, including decreases of 200 MT), were offset by reductions for the Philippines (54,100 MT), South Korea (39,300 MT), Taiwan (15,900 MT), Singapore (4,000 MT), and Barbados (100 MT). Net sales of 202,100 MT for 2023/2024 primarily for the Philippines (82,000 MT), South Korea (45,000 MT), Japan (32,700 MT), Taiwan (18,400 MT), and Honduras (15,500 MT), were offset by reductions for Mexico (5,000 MT). |
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Weekly Export Details |
Exports of 303,600 MT were up 50 percent from the previous week and 23 percent from the prior 4-week average. The destinations were primarily to Japan (83,700 MT, including 35,800 MT - late), Mexico (58,000 MT), the Philippines (57,900 MT), Taiwan (50,500 MT), and South Korea (35,200 MT). |
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Comments and Performance Indicators |
Export commitments are running 3.1% behind a year-ago, compared to 3.8% behind last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2022-23: 311,300 |
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Expectations (in MT) |
2022-23: 75,000-500,000 |
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Weekly Sales Details |
Net sales of 311,300 MT for 2022/2023 were up noticeably from the previous week and up 38 percent from the prior 4-week average. Increases primarily for Mexico (76,200 MT, including decreases of 400 MT), Japan (75,300 MT, including 55,700 MT switched from unknown destinations and decreases of 500 MT), Germany (65,200 MT), unknown destinations (43,300 MT), and Colombia (15,900 MT, including 10,000 MT switched from unknown destinations and decreases of 8,500 MT), were offset by reductions for Canada (700 MT). |
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Weekly Export Details |
Exports of 453,700 MT were down 22 percent from the previous week and 35 percent from the prior 4-week average. The destinations were primarily to China (140,600 MT), Germany (65,200 MT), Japan (62,000 MT), Mexico (53,000 MT), and Indonesia (41,400 MT). |
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Comments and Performance Indicators |
Export commitments are running 12.0% behind a year-ago, versus behind 1.8% last week. USDA projects exports in 2022-23 at 2.015 billion bu., down 6.6% from the previous marketing year. |
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Soymeal |
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Actual Sales (in MT) |
2022-23: 153,400 |
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Expectations |
2022-23: 75,000-300,000 |
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Weekly Sales Details |
Net sales of 153,400 MT for 2022/2023 were up 6 percent from the previous week, but down 40 percent from the prior 4-week average. Increases primarily for Colombia (40,100 MT), Venezuela (30,000 MT), the Dominican Republic (28,600 MT), the United Kingdom (15,000 MT), and Jamaica (10,700 MT), were offset by reductions for Guatemala (11,600 MT), Canada (4,200 MT), El Salvador (1,100 MT), Belgium (700 MT), and Japan (100 MT). |
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Weekly Export Details |
Exports of 251,000 MT were up 5 percent from the previous week, but down 4 percent from the prior 4-week average. The destinations were primarily to the Philippines (51,000 MT), Mexico (41,500 MT), Ireland (30,900 MT), Morocco (29,700 MT), and Colombia (27,600 MT). |
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Comments and Performance Indicators |
Export commitments are 1.0% behind a year-ago, compared to 0.4% behind a week ago. USDA projects exports in 2022-23 will increase 1.3% from the previous marketing year. |
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Soyoil |
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Actual Sales (in MT) |
2022-23: 100 |
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Expectations |
2022-23: 0-15,000 |
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Weekly Sales Details |
Total net sales of 100 MT for 2022/2023 were down 34 percent from the previous week and 98 percent from the prior 4-week average. Increases were for Canada. |
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Weekly Export Details |
Exports of 500 MT were down 10 percent from the previous week and 40 percent from the prior 4-week average. The primary destination was to Canada (400 MT). |
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Comments and Performance Indicators |
Export commitments are running 84.0% behind a year-ago, compared to 84.0% behind last week. USDA projects exports will decrease 71.8% this season. |
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Cotton |
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Actual Upland Sales (in RB) |
2022-23: 194,900 |
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Net sales of 194,900 RB for 2022/2023 were up noticeably from the previous week and up 21 percent from the prior 4-week average. Increases primarily for Turkey (63,300 RB, including 10,300 RB - late), China (45,200 RB, including 3,400 RB switched from Singapore and 15,800 RB - late), Vietnam (35,500 RB, including 1,000 RB switched from South Korea, 100 RB switched from Taiwan, 100 RB switched from Japan, and 15,100 RB - late), Taiwan (18,400 RB, including 13,900 RB - late), and Pakistan (11,800 RB, including decreases of 900 RB and 3,900 RB - late), were offset by reductions for Singapore (3,400 RB), South Korea (3,300 RB), and Peru (1,800 RB). Net sales of 19,100 RB for 2023/2024 were reported for South Korea (13,200 RB), Vietnam (4,400 RB), and Pakistan (1,500 RB). |
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Weekly Export Details |
Exports of 398,400 RB were up 38 percent from the previous week and 31 percent from the prior 4-week average. The destinations were primarily to China (104,900 RB, including 15,800 RB - late), Vietnam (98,000 RB, including 15,100 RB - late), Turkey (59,400 RB, including 10,300 RB - late), Pakistan (26,400 RB, including 3,900 RB - late), and Taiwan (19,700 RB, including 13,900 RB - late). Net sales of Pima totaling 16,700 RB for 2022/2023 were down 34 percent from the previous week and 13 percent from the prior 4-week average. Increases were primarily for India (9,700 RB), Vietnam (3,200 RB, including 1,300 RB switched from China and 100 RB switched from Japan), China (1,500 RB), Hong Kong (1,300 RB), and Pakistan (400 RB). Exports of 20,600 RB--a marketing-year high--were up 23 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to China (10,200 RB), India (6,500 RB), Vietnam (1,900 RB), Pakistan (700 RB), and Turkey (300 RB). |
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Comments and Performance Indicators |
Export commitments are running 17.0% behind a year-ago, versus 17.7% behind last week. USDA forecasts total cotton exports will fall 16.6% from a year ago to 12.20 million bales in 2022-23. |
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Beef |
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Actual Sales (in MT) |
2023: 9,500 |
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Weekly Sales Details |
Net sales of 9,500 MT for 2023 were down 50 percent from the previous week and 28 percent from the prior 4-week average. Increases were primarily for Japan (2,400 MT, including decreases of 400 MT), South Korea (2,200 MT, including decreases of 400 MT), Canada (1,600 MT, including decreases of 100 MT), Mexico (500 MT), and China (500 MT, including decreases of 1,300 MT). |
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Weekly Export Details |
Exports of 16,000 MT were unchanged from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to South Korea (4,100 MT), Japan (3,700 MT), China (3,000 MT), Mexico (1,300 MT), and Taiwan (1,300 MT). |
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Comments and Performance Indicators |
USDA projects 2022 exports will fall 11.3% from a year ago. |
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Pork |
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Actual Sales (in MT) |
2023: 54,000 |
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Weekly Sales Details |
Net sales of 54,000 MT for 2023--a marketing-year high--were up 50 percent from the previous week and 47 percent from the prior 4-week average. Increases primarily for Mexico (32,400 MT, including decreases of 300 MT), Japan (6,400 MT, including decreases of 3,100 MT), Canada (4,700 MT, including decreases of 400 MT), Colombia (3,100 MT), and China (1,700 MT, including decreases of 300 MT), were offset by reductions for Malaysia (100 MT) and Nicaragua (100 MT). |
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Weekly Export Details |
Exports of 38,000 MT--a marketing-year high--were up 11 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to Mexico (14,600 MT), China (6,000 MT), South Korea (4,700 MT), Japan (4,100 MT), and Canada (1,500 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2023 will rise 0.6% from last year. |
