Wheat, soybean, cotton and pork export sales increase
|
USDA Weekly Export Sales Report Week Ended April 21, 2022 |
|
|
Corn |
|
|
Actual Sales (in MT) |
2021-22: 866,800 |
|
Expectations (in MT) |
2021-22: 900,000-1,600,000 |
|
Weekly Sales Details |
Net sales of 866,800 MT for 2021/2022 were down 1 percent from the previous week and 5 percent from the prior 4-week average. Increases primarily for China (729,200 MT, including decreases of 5,800 MT), Mexico (144,900 MT, including 52,000 MT switched from unknown destinations and decreases of 59,300 MT), South Korea (125,100 MT, including 66,000 MT switched from unknown destinations and decreases of 6,000 MT), Spain (55,000 MT, including 50,000 MT switched from unknown destinations), and Japan (53,100 MT, including 205,000 MT switched from unknown destinations and decreases of 92,200 MT), were offset by reductions primarily for unknown destinations (376,700 MT). Net sales of 843,400 MT for 2022/2023 were reported for China (612,000 MT), Mexico (190,800 MT), and Japan (40,600 MT). |
|
Weekly Export Details |
Exports of 1,562,100 MT were up 31 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to Japan (385,600 MT), Mexico (337,800 MT), China (266,200 MT), Colombia (73,900 MT), and South Korea (60,100 MT). |
|
Comments and Performance Indicators |
Export commitments are 15% behind year-ago, compared to 16% behind 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: 32,300 |
|
Expectations (in MT) |
2021-22: 0-175,000 |
|
Weekly Sales Details |
Net sales of 32,300 metric tons (MT) for 2021/2022 were up 23 percent from the previous week, but down 65 percent from the prior 4-week average. Increases primarily for Mexico (42,400 MT, including decreases of 2,200 MT), Taiwan (33,000 MT), the Dominican Republic (23,400 MT, including 22,200 MT switched from Guatemala and decreases of 200 MT), Costa Rica (14,700 MT, including 15,000 MT switched from Colombia and decreases of 400 MT), and Chile (7,000 MT), were offset by reductions for Nigeria (37,500 MT), unknown destinations (31,900 MT), Guatemala (22,200 MT), Colombia (12,900 MT), and Italy (400 MT). Net sales of 124,300 MT for 2022/2023 primarily for the Philippines (60,000 MT), Japan (33,700 MT), Chile (23,000 MT), Italy (20,000 MT), and unknown destinations (14,500 MT), were offset by reductions for Nigeria (41,000 MT). |
|
Weekly Export Details |
Exports of 246,000 MT were down 51 percent from the previous week and 35 percent from the prior 4-week average. The destinations were primarily to Italy (54,600 MT), the Philippines (44,600 MT), Mexico (38,600 MT), Japan (30,900 MT), and Colombia (27,300 MT). |
|
Comments and Performance Indicators |
Export commitments are running 24% behind a year-ago, the same as last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year. |
|
Soybeans |
|
|
Actual Sales (in MT) |
2021-22: 481,300 |
|
Expectations (in MT) |
2021-22: 250,000-800,000 |
|
Weekly Sales Details |
Net sales of 481,300 MT for 2021/2022 were up 5 percent from the previous week, but down 37 percent from the prior 4-week average. Increases were primarily for China (165,100 MT, including 121,000 MT switched from unknown destinations and decreases of 33,300 MT), Mexico (88,100 MT, including decreases of 3,000 MT), Bangladesh (56,100 MT, including 55,000 MT switched from unknown destinations), Japan (48,100 MT, including 3,600 MT switched from unknown destinations and decreases of 500 MT), and Taiwan (33,900 MT, including 20,000 MT switched from unknown destinations and decreases of 100 MT). Net sales of 580,000 MT for 2022/2023 were reported for China (468,000 MT) and Mexico (112,000 MT). |
|
Weekly Export Details |
Exports of 710,900 MT were down 20 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to China (279,900 MT), Egypt (158,800 MT), Mexico (81,400 MT), Bangladesh (56,100 MT), and Taiwan (40,300 MT). |
|
Comments and Performance Indicators |
Export commitments are running 6% behind year-ago, the same as last week. USDA projects exports in 2021-22 at 2.115 billion bu., down 6.5% from the previous marketing year. |
|
Soymeal |
|
|
Actual Sales (in MT) |
2021-22: 203,000 |
|
Expectations |
2021-22: 100,000-250,000 |
|
Weekly Sales Details |
Net sales of 203,000 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Colombia (49,400 MT, including decreases of 3,100 MT), the Philippines (45,500 MT, including decreases of 2,300 MT), Mexico (36,600 MT), Japan (26,400 MT), and unknown destinations (20,000 MT), were offset by reductions primarily for Costa Rica (7,300 MT), Guatemala (3,000 MT), Israel (3,000 MT), and Belgium (2,300 MT). |
|
Weekly Export Details |
Exports of 251,800 MT were down 16 percent from the previous week, but up 11 percent from the prior 4-week average. The destinations were primarily to Colombia (65,600 MT), Mexico (46,700 MT), Israel (27,000 MT), Morocco (26,400 MT), and Canada (21,100 MT). |
|
Comments and Performance Indicators |
Export commitments are 2% ahead of a year-ago, versus 3% ahead last week. USDA projects exports in 2021-22 will climb 3.1% from the previous marketing year. |
|
Soyoil |
|
|
Actual Sales (in MT) |
2021-22: 3,500 |
|
Expectations |
2021-22: 0-24,000 |
|
Weekly Sales Details |
Net sales of 3,500 MT for 2021/2022 were up noticeably from the previous week, but down 69 percent from the prior 4-week average. Increases were reported for Costa Rica (2,300 MT), Canada (1,100 MT), and Venezuela (100 MT). |
|
Weekly Export Details |
Exports of 10,000 MT were up 82 percent from the previous week, but down 44 percent from the prior 4-week average. The destinations were primarily to Venezuela (6,600 MT) and Mexico (2,800 MT). |
|
Comments and Performance Indicators |
Export commitments are running 2% behind a year-ago, the same as last week. USDA projects exports will increase 0.1% this season. |
|
Cotton |
|
|
Actual Upland Sales (in RB) |
2021-22: 121,100 |
|
Net sales of 121,100 RB for 2021/2022 were up noticeably from the previous week and up 19 percent from the prior 4-week average. Increases primarily for China (61,400 RB, including decreases of 7,600 RB), Vietnam (25,300 RB, including 1,700 RB switched from China, 700 RB switched from South Korea, and 500 RB switched from Japan), India (12,700 RB, including decreases of 5,500 RB), Pakistan (11,600 RB), and Turkey (4,700 RB), were offset by reductions for Ecuador (600 RB), South Korea (400 RB), Japan (300 RB), and Colombia (100 RB). Net sales of 49,500 RB for 2022/2023 primarily for El Salvador (28,800 RB), Honduras (11,400 RB), Peru (5,100 RB), Guatemala (4,500 RB), and Vietnam (4,400 RB), were offset by reductions for China (11,200 RB). |
|
|
Weekly Export Details |
Exports of 386,000 RB were up 5 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to China (117,900 RB), Vietnam (67,400 RB), Pakistan (57,600 RB), Turkey (43,300 RB), and Mexico (17,500 RB). Net sales of Pima totaling 13,000 RB were up noticeably from the previous week and from the prior 4-week average. Increases were reported for China (10,300 RB), Vietnam (1,700 RB), India (700 RB), Colombia (200 RB), and Malaysia (100 RB). Net sales of 500 RB for 2022/2023 were reported for Japan (300 RB) and Peru (200 RB). Exports of 4,400 RB were down 70 percent from the previous week and 69 percent from the prior 4-week average. The destinations were primarily to Peru (2,000 RB), China (1,600 RB), Vietnam (400 RB), Turkey (200 RB), and Bangladesh (100 RB). |
|
Comments and Performance Indicators |
Export commitments are 4% behind year-ago, versus 5% behind last week. USDA forecasts total cotton exports will fall 9.9% from a year ago to 14.75 million bales in 2021-22. |
|
Beef |
|
|
Actual Sales (in MT) |
2022: 11,400 |
|
Weekly Sales Details |
Net sales of 11,400 MT for 2022 were down 24 percent from the previous week and 34 percent from the prior 4-week average. Increases primarily for Japan (4,100 MT, including decreases of 500 MT), China (1,500 MT, including decreases of 100 MT), South Korea (1,300 MT, including decreases of 600 MT), Mexico (1,000 MT), and Taiwan (1,000 MT, including decreases of 300 MT), were offset by reductions for the United Arab Emirates (100 MT). Total net sales of 100 MT for 2023 were reported for Japan. |
|
Weekly Export Details |
Exports of 17,600 MT were down 16 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to South Korea (4,400 MT), Japan (4,300 MT), China (3,200 MT), Taiwan (1,300 MT), and Mexico (1,300 MT). |
|
Comments and Performance Indicators |
USDA projects 2022 exports will decline 4.3% from a year ago. |
|
Pork |
|
|
Actual Sales (in MT) |
2022: 31,500 |
|
Weekly Sales Details |
Net sales of 31,500 MT for 2022 were up noticeably from the previous week and up 19 percent from the prior 4-week average. Increases were primarily for Mexico (21,600 MT, including decreases of 300 MT), Japan (3,600 MT, including decreases of 100 MT), Canada (2,100 MT, including decreases of 400 MT), South Korea (1,500 MT, including decreases of 200 MT), and Colombia (1,100 MT, including decreases of 200 MT). |
|
Weekly Export Details |
Exports of 29,900 MT were up 6 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to Mexico (13,200 MT), China (3,800 MT), Japan (3,200 MT), South Korea (2,900 MT), and Colombia (2,000 MT). |
|
Comments and Performance Indicators |
USDA projects exports in 2022 will drop 6.2% from last year. |
