Wheat export sales plummet
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USDA Weekly Export Sales Report Week Ended April 14, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 879,200 |
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Expectations (in MT) |
2021-22: 950,000-1,500,000 |
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Weekly Sales Details |
Net sales of 879,200 MT for 2021/2022 were down 34 percent from the previous week and 6 percent from the prior 4-week average. Increases primarily for China (675,200 MT, including decreases of 5,600 MT), South Korea (126,200 MT, including 68,000 MT switched from unknown destinations and decreases of 6,800 MT), Mexico (75,500 MT, including decreases of 34,600 MT), Indonesia (67,200 MT, including 68,000 MT switched from unknown destinations and decreases of 800 MT), and Saudi Arabia (42,800 MT, including 40,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (234,000 MT). Net sales of 389,600 MT for 2022/2023 were reported for China (340,000 MT), Colombia (40,000 MT), Mexico (5,100 MT), and Canada (4,500 MT). |
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Weekly Export Details |
Exports of 1,196,400 MT were down 23 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to China (402,400 MT), Mexico (275,900 MT), Japan (104,300 MT), Indonesia (67,200 MT), and South Korea (61,900 MT). |
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Comments and Performance Indicators |
Export commitments are 16% behind year-ago, compared to 17% behind 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: 26,300 |
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Expectations (in MT) |
2021-22: 0-350,000 |
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Weekly Sales Details |
Net sales of 26,300 metric tons (MT) for 2021/2022--a marketing-year low--were down 73 percent from the previous week and 79 percent from the prior 4-week average. Increases primarily for Mexico (90,500 MT, including decreases of 1,000 MT), Haiti (27,000 MT switched from unknown destinations), Ghana (26,000 MT switched from Nigeria), Cameroon (23,000 MT, including 20,000 MT switched from Nigeria), and Italy (15,000 MT), were offset by reductions primarily for Nigeria (131,000 MT). Net sales of 238,400 MT for 2022/2023 were primarily for Nigeria (86,000 MT), unknown destinations (75,000 MT), Japan (45,900 MT), Mexico (13,000 MT), and South Korea (9,500 MT). |
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Weekly Export Details |
Exports of 504,000 MT were up 48 percent from the previous week and from the prior 4-week average. The destinations were primarily to Mexico (77,300 MT), Thailand (60,200 MT), Taiwan (57,100 MT), Guatemala (39,400 MT), and South Korea (38,500 MT). |
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Comments and Performance Indicators |
Export commitments are running 24% behind a year-ago, versus 23% behind last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 460,200 |
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Expectations (in MT) |
2021-22: 300,000-1,000,000 |
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Weekly Sales Details |
Net sales of 460,200 MT for 2021/2022 were down 16 percent from the previous week and 39 percent from the prior 4-week average. Increases primarily for China (496,400 MT, including 66,000 MT switched from unknown destinations and decreases of 5,000 MT), Indonesia (81,000 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), Bangladesh (57,000 MT, including 55,000 MT switched from unknown destinations), Egypt (53,700 MT, including decreases of 1,300 MT), and Japan (51,600 MT, including 45,500 MT switched from unknown destinations and decreases of 2,600 MT), were offset by reductions for unknown destinations (326,300 MT) and Spain (66,000 MT). Net sales of 1,240,000 MT for 2022/2023 were primarily for China (669,000 MT), unknown destinations (351,000 MT), Spain (131,000 MT), the Netherlands (66,000 MT), and Mexico (20,000 MT). |
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Weekly Export Details |
Exports of 889,000 MT were up 10 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to China (294,000 MT), Indonesia (109,700 MT), Mexico (102,300 MT), the Netherlands (84,200 MT), and Japan (67,600 MT). |
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Comments and Performance Indicators |
Export commitments are running 6% behind year-ago, compared to 7% behind last week. USDA projects exports in 2021-22 at 2.115 billion bu., down 6.5% from the previous marketing year. |
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Soymeal |
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Actual Sales (in MT) |
2021-22: 101,800 |
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Expectations |
2021-22: 75,000-250,000 |
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Weekly Sales Details |
Net sales of 101,800 MT for 2021/2022 were down 42 percent from the previous week and 33 percent from the prior 4-week average. Increases primarily for the Philippines (47,200 MT), Colombia (25,500 MT, including decreases of 1,100 MT), Mexico (21,600 MT), Canada (15,200 MT, including decreases of 1,100 MT), and El Salvador (6,400 MT switched from Guatemala), were offset by reductions primarily for Ireland (12,000 MT), unknown destinations (4,500 MT), Guatemala (4,100 MT), and Morocco (2,200 MT). Net sales of 27,000 MT for 2022/2023 were reported for Colombia (15,000 MT) and Ireland (12,000 MT). |
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Weekly Export Details |
Exports of 348,400 MT were down noticeably from the previous week and down 88 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,400 MT), Ecuador (47,000 MT), Mexico (44,600 MT), Vietnam (43,900 MT), and Colombia (25,500 MT). |
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Comments and Performance Indicators |
Export commitments are 3% ahead of a year-ago, the same as last week. USDA projects exports in 2021-22 will climb 3.1% from the previous marketing year. |
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Soyoil |
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Actual Sales (in MT) |
2021-22: 1,200 |
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Expectations |
2021-22: 0-15,000 |
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Weekly Sales Details |
Net sales of 1,200 MT for 2021/2022 were down 81 percent from the previous week and 88 percent from the prior 4-week average. Increases primarily for Guatemala (800 MT), were offset by reductions for Mexico (300 MT). |
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Weekly Export Details |
Exports of 5,500 were up 84 percent from the previous week, but down 74 percent from the prior 4-week average. The destinations were primarily to Jamaica (3,500 MT) and Mexico (1,400 MT). |
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Comments and Performance Indicators |
Export commitments are running 2% behind a year-ago, compared to 1% behind last week. USDA projects exports will increase 0.1% this season. |
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Cotton |
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Actual Upland Sales (in RB) |
2021-22: 50,500 |
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Net sales of 50,500 RB for 2021/2022--a marketing-year low--were down 15 percent from the previous week and 70 percent from the prior 4-week average. Increases primarily for India (19,500 RB, including decreases of 13,500 RB), Peru (10,300 RB), Guatemala (6,200 RB), China (4,700 RB), and Turkey (2,400 RB, including decreases of 9,600 RB), were offset by reductions for Indonesia (900 RB), Honduras (500 RB), and South Korea (400 RB). Net sales of 136,100 RB for 2022/2023 were primarily for Turkey (48,400 RB), Mexico (30,100 RB), Honduras (17,400 RB), Peru (11,900 RB), and Indonesia (9,700 RB) |
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Weekly Export Details |
Exports of 367,100 RB were up 10 percent from the previous week, but down 6 percent from the prior 4-week average. The destinations were primarily to China (146,800 RB), Pakistan (57,000 RB), Turkey (55,400 RB), Vietnam (42,300 RB), and Mexico (10,800 RB). Net sales of Pima totaling 3,800 RB were up 79 percent from the previous week, but down 20 percent from the prior 4-week average. Increases were primarily for Pakistan (1,500 RB), Vietnam (900 RB), Bangladesh (700 RB), Turkey (400 RB), and India (200 RB). Net sales of 5,500 RB for 2022/2023 were reported for Peru (4,300 RB), India (700 RB), Germany (400 RB), and Japan (100 RB). Exports of 14,700 RB were down 19 percent from the previous week, but up 22 percent from the prior 4-week average. The destinations were primarily to India (5,700 RB), China (5,200 RB), Turkey (1,200 RB), Peru (1,100 RB), and Taiwan (400 RB). |
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Comments and Performance Indicators |
Export commitments are 5% behind year-ago, versus 4% behind last week. USDA forecasts total cotton exports will fall 9.9% from a year ago to 14.75 million bales in 2021-22. |
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Beef |
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Actual Sales (in MT) |
2022: 15,000 |
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Weekly Sales Details |
Net sales of 15,000 MT for 2022 were down 13 percent from the previous week and 27 percent from the prior 4-week average. Increases were primarily for Japan (4,600 MT, including decreases of 700 MT), South Korea (4,100 MT, including decreases of 700 MT), China (2,500 MT, including decreases of 700 MT), Canada (1,000 MT, including decreases of 100 MT), and Taiwan (600 MT, including decreases of 100 MT). |
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Weekly Export Details |
Exports of 21,000 MT were up 13 percent from the previous week, but down 16 percent from the prior 4-week average. The destinations were primarily to South Korea (6,800 MT), Japan (5,200 MT), China (3,600 MT), Taiwan (1,200 MT), and Mexico (1,000 MT). |
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Comments and Performance Indicators |
USDA projects 2022 exports will decline 4.3% from a year ago. |
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Pork |
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Actual Sales (in MT) |
2022: 12,900 |
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Weekly Sales Details |
Net sales of 12,900 MT for 2022--a marketing-year low--were down 46 percent from the previous week and 55 percent from the prior 4-week average. Increases primarily for Mexico (4,700 MT, including decreases of 600 MT), South Korea (2,800 MT, including decreases of 1,300 MT), the Philippines (1,300 MT), Canada (800 MT, including decreases of 500 MT), and the Dominican Republic (700 MT), were offset by reductions for China (100 MT). |
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Weekly Export Details |
Exports of 28,200 MT were down 11 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Mexico (11,600 MT), Japan (4,600 MT), China (3,800 MT), South Korea (2,700 MT), and Canada (1,300 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2022 will drop 6.2% from last year. |
