Wheat, soybeans, soymeal, soyoil and beef export sales hit marketing-year low
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USDA Weekly Export Sales Report Week Ended Dec. 30, 2021 |
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Corn |
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Actual Sales (in MT) |
2021-22: 256,100 |
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Expectations (in MT) |
2021-22: 500,000-1,200,000 |
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Weekly Sales Details |
Net sales of 256,100 MT for 2021/2022 were down 80 percent from the previous week and 81 percent from the prior 4-week average. Increases primarily for Canada (150,500 MT, including decreases of 10,700 MT), Mexico (115,100 MT, including decreases of 25,600 MT), Colombia (90,500 MT, including 92,000 MT switched from unknown destinations and decreases of 12,600 MT), Japan (81,500 MT, including 175,200 MT switched from unknown destinations and decreases of 56,500 MT), and Guatemala (10,500 MT), were offset by reductions primarily for unknown destinations (212,500 MT). |
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Weekly Export Details |
Exports of 985,100 MT were up 7 percent from the previous week, but down 2 percent from the prior 4-week average. The destinations were primarily to Japan (221,100 MT), Mexico (210,500 MT), Colombia (179,500 MT), China (135,100 MT), and Canada (113,400 MT). |
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Comments and Performance Indicators |
Export commitments are 7% behind year-ago, compared to 6% 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: 48,600 |
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Expectations (in MT) |
2021-22: 150,000-400,000 |
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Weekly Sales Details |
Net sales of 48,600 metric tons (MT) for 2021/2022--a marketing-year low--were down 76 percent from the previous week and 87 percent from the prior 4-week average. Increases primarily for Italy (15,400 MT, including 15,000 MT switched from unknown destinations), unknown destinations (13,900 MT), Mexico (9,600 MT, including decreases of 6,400 MT), the Dominican Republic (3,200 MT), and Thailand (3,000 MT), were offset by reductions for Colombia (600 MT) and China (200 MT). Total net sales of 2,500 MT for 2022/2023 were for Peru. |
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Weekly Export Details |
Exports of 210,900 MT were down 37 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Nigeria (52,900 MT), the Philippines (43,600 MT), Japan (32,100 MT), Taiwan (21,900 MT), and Mexico (20,900 MT). |
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Comments and Performance Indicators |
Export commitments remained at 23% behind year-ago, the same as last week. USDA projects exports in 2021-22 at 840 million bu., down 15.3% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 382,700 |
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Expectations (in MT) |
2021-22: 400,000-1,300,000 |
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Weekly Sales Details |
Net sales of 382,700 MT for 2021/2022--a marketing-year low--were down 27 percent from the previous week and 63 percent from the prior 4-week average. Increases primarily for China (353,900 MT, including 264,000 MT switched from unknown destinations and decreases of 3,700 MT), Mexico (183,900 MT, including decreases of 200 MT), Spain (141,100 MT, including 132,000 MT switched from unknown destinations), the Netherlands (68,800 MT, including 60,000 MT switched from unknown destinations), and Germany (64,900 MT), were offset by reductions primarily for unknown destinations (625,200 MT). Net sales of 67,100 MT for 2022/2023 were for unknown destinations (66,000 MT) and Japan (1,100 MT). |
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Weekly Export Details |
Exports of 1,742,800 MT were up 1 percent from the previous week, but down 11 percent from the prior 4-week average. The destinations were primarily to China (913,000 MT), Egypt (152,200 MT), Spain (141,100 MT), Pakistan (129,100 MT), and the Netherlands (68,800 MT). |
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Comments and Performance Indicators |
Export commitments at 24% behind year-ago, the same as last week. USDA projects exports in 2021-22 at 2.050 billion bu., down 9.5% from year-ago. |
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Soymeal |
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Actual Sales (in MT) |
2021-22: 31,500 |
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Expectations |
2021-22: 25,000-250,000 |
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Weekly Sales Details |
Net sales of 31,500 MT for 2021/2022--a marketing-year low--were down 55 percent from the previous week and 81 percent from the prior 4-week average. Increases primarily for the Dominican Republic (12,000 MT, including decreases of 600 MT), Canada (7,000 MT, including decreases of 400 MT), Jamaica (4,000 MT), Guyana (3,800 MT switched from unknown destinations), and the Philippines (2,300 MT), were offset by reductions primarily for unknown destinations (4,900 MT), El Salvador (1,000 MT), Spain (800 MT), and Nicaragua (500 MT). Net sales of 300 MT for 2022/2023 resulting in increases for Japan (1,900 MT), were offset by reductions primarily for the Netherlands (1,500 MT). |
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Weekly Export Details |
Exports of 228,800 MT were up 34 percent from the previous week, but down 14 percent from the prior 4-week average. The destinations were primarily to the Philippines (48,900 MT), Spain (38,200 MT), Canada (27,000 MT), Morocco (25,600 MT), and Colombia (25,500 MT). |
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Comments and Performance Indicators |
Export commitments are 3% ahead of year-ago, versus 5% ahead 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: 2,900 |
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Expectations |
2021-22: 0-25,000 |
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Weekly Sales Details |
Net sales of 2,900 MT for 2021/2022--a marketing-year low--were down 69 percent from the previous week and 91 percent from the prior 4-week average. Increases primarily for Guatemala (1,900 MT) and El Salvador (1,000 MT), were offset by reductions for Colombia (100 MT). Total net sales of 100 MT for 2022/2023 were for Canada. |
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Weekly Export Details |
Exports of 42,300 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to India (29,600 MT), Costa Rica (4,000 MT), Colombia (3,700 MT), Mexico (2,900 MT), and El Salvador (1,900 MT). |
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Comments and Performance Indicators |
Export commitments are 10% behind of a year-ago, steady with last week. USDA projects exports will fall 27.5% this season. |
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Cotton |
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Actual Upland Sales (in RB) |
2021-22: 143,200 |
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Net sales of 143,200 RB for 2021/2022 were down 26 percent from the previous week and 48 percent from the prior 4-week average. Increases primarily for China (47,000 RB), Pakistan (20,800 RB), Turkey (18,900 RB), Vietnam (15,200 RB, including 1,000 RB switched from South Korea), and India (14,500 RB), were offset by reductions primarily for Guatemala (2,100 RB) and South Korea (1,000 RB). Net sales of 44,000 RB for 2022/2023 primarily for Pakistan (40,500 RB), were offset by reductions for China (400 RB). Exports of 104,900 RB were down 35 percent from the previous week and 22 percent from the prior 4-week average. The destinations were primarily to China (38,300 RB), Vietnam (15,900 RB), Pakistan (12,100 RB), Turkey (10,700 RB), and Indonesia (6,400 RB). Net sales of Pima totaling 4,400 RB were down 38 percent from the previous week and 17 percent from the prior 4-week average. Increases were reported for China (2,600 RB, including decreases of 100 RB), Vietnam (1,000 RB), Thailand (600 RB), and Honduras (200 RB). Total net sales of 900 RB for 2022/20223 were for India. |
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Weekly Export Details |
Exports of 7,200 RB were up 3 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to India (2,400 RB), China (2,100 RB), and Thailand (2,000 RB). |
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Comments and Performance Indicators |
Export commitments are 8% behind year-ago, the same as the previous 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: -3,900 |
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Weekly Sales Details |
Net sales reductions of 3,900 MT for 2021--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Taiwan (100 MT, including decreases of 200 MT), the Netherlands (100 MT), Indonesia (100 MT), and Kuwait (100 MT), were more than offset by reductions primarily for South Korea (2,300 MT), China (1,200 MT), Japan (400 MT), Chile (100 MT), and Hong Kong (100 MT). Net sales of 11,800 MT for 2022 were primarily for South Korea (4,700 MT), Taiwan (4,000 MT), Japan (1,500 MT), Canada (600 MT), and Hong Kong (500 MT), were offset by reductions for China (600 MT). |
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Weekly Export Details |
Exports of 11,500 MT--a marketing-year low--were down 33 percent from the previous week and 35 percent from the prior 4-week average. The destinations were primarily to South Korea (4,100 MT), Japan (2,700 MT), China (1,700 MT), Taiwan (900 MT), and Mexico (700 MT). |
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Comments and Performance Indicators |
USDA projects 2021 exports will climb 17.1% from year-ago to a record level. |
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Pork |
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Actual Sales (in MT) |
2021: 19,400 |
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Weekly Sales Details |
Net sales of 19,400 MT for 2021 were up noticeably from the previous week, but down 6 percent from the prior 4-week average. Increases primarily for Mexico (16,100 MT, including decreases of 400 MT), Canada (1,400 MT, including decreases of 100 MT), China (1,200 MT, including decreases of 2,000 MT), Japan (500 MT, including decreases of 1,000 MT), and Costa Rica (200 MT), were offset by reductions for Nicaragua (300 MT). Net sales of 18,600 MT for 2022 were primarily for Japan (5,900 MT), Mexico (5,200 MT), South Korea (2,000 MT), Colombia (1,700 MT), and Guatemala (900 MT). |
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Weekly Export Details |
Exports of 22,800 MT--a marketing-year low--were down 26 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to Mexico (11,400 MT), Japan (3,000 MT), China (2,600 MT), South Korea (2,400 MT), and Canada (900 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2021 will drop 1.6% from last year. |
