Corn, wheat export sales up
|
USDA Weekly Export Sales Report Week Ended Feb. 10, 2022 |
|
|
Corn |
|
|
Actual Sales (in MT) |
2021-22: 820,000 |
|
Expectations (in MT) |
2021-22: 500,000-1,000,000 |
|
Weekly Sales Details |
Net sales of 820,000 MT for 2021/2022 were up 39 percent from the previous week, but down 23 percent from the prior 4-week average. Increases primarily for Japan (600,200 MT, including 175,000 MT switched from unknown destinations and decreases of 700 MT), Mexico (103,300 MT, including decreases of 38,600 MT), Canada (45,600 MT), the Dominican Republic (40,000 MT), and Colombia (32,500 MT, including decreases of 32,000 MT), were offset by reductions primarily for unknown destinations (68,900 MT). Net sales of 113,500 MT for 2022/2023 were reported for Mexico (90,000 MT) and Japan (23,500 MT). |
|
Weekly Export Details |
Exports of 1,617,600 MT--a marketing-year high--were up 41 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to Mexico (477,300 MT, including 136,300 MT – late), China (413,600 MT), Japan (291,700 MT), Canada (114,200 MT), and Colombia (64,500 MT). |
|
Comments and Performance Indicators |
Export commitments are 21% behind year-ago, compared to 21% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year. |
|
Wheat |
|
|
Actual Sales (in MT) |
2021-22: 118,100 |
|
Expectations (in MT) |
2021-22: 75,000-500,000 |
|
Weekly Sales Details |
Net sales of 118,100 metric tons (MT) for 2021/2022 were up 39 percent from the previous week, but down 61 percent from the prior 4-week average. Increases primarily for Guatemala (38,300 MT switched from unknown destinations), Mexico (28,100 MT), Japan (26,000 MT), Colombia (18,500 MT), and El Salvador (8,200 MT switched from unknown destinations), were offset by reductions for unknown destinations (21,500 MT). Total net sales for 2022/2023 of 10,500 MT were for Peru. |
|
Weekly Export Details |
Exports of 411,600 MT were up 8 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to Mexico (93,800 MT), Taiwan (67,900 MT), the Philippines (62,900 MT), Thailand (57,700 MT), and Japan (43,400 MT). |
|
Comments and Performance Indicators |
Export commitments are running 25% behind a year ago, versus 24% last week. USDA projects exports in 2021-22 at 810 million bu., down 18.3% from the previous marketing year. |
|
Soybeans |
|
|
Actual Sales (in MT) |
2021-22: 1,361,800 |
|
Expectations (in MT) |
2021-22: 750,000-1,800,000 |
|
Weekly Sales Details |
Net sales of 1,361,800 MT for 2021/2022 were down 15 percent from the previous week, but up 26 percent from the prior 4-week average. Increases primarily for unknown destinations (371,700 MT), China (224,500 MT, including decreases of 2,300 MT), the Netherlands (188,300 MT, including 112,600 MT switched from unknown destinations), Spain (121,500 MT, including 51,000 MT switched from unknown destinations), and Indonesia (94,500 MT, including 55,000 MT switched from unknown destinations, 200 MT switched from Vietnam, and decreases of 3,300 MT), were offset by reductions for Costa Rica (400 MT). Net sales of 1,526,000 MT for 2022/2023 were reported for China (876,000 MT), unknown destinations (530,000 MT), Egypt (106,000 MT), Mexico (10,000 MT), and Taiwan (4,000 MT). |
|
Weekly Export Details |
Exports of 1,213,000 MT were down 7 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to China (575,700 MT), the Netherlands (122,300 MT), Mexico (120,600 MT), Taiwan (68,800 MT), and Germany (66,000 MT). |
|
Comments and Performance Indicators |
Export commitments are running at 19% behind year-ago, compared to 21% behind as last week. USDA projects exports in 2021-22 at 2.050 billion bu., down 9.5% from the previous marketing year. |
|
Soymeal |
|
|
Actual Sales (in MT) |
2021-22: 279,100 |
|
Expectations |
2021-22: 150,000-500,000 |
|
Weekly Sales Details |
Net sales of 279,100 MT for 2021/2022 were up 16 percent from the previous week, but down 25 percent from the prior 4-week average. Increases primarily for the Philippines (95,100 MT, including decreases of 600 MT), Ecuador (68,900 MT), Morocco (31,600 MT, including decreases of 400 MT), Canada (20,400 MT, including decreases of 400 MT), and Colombia (19,400 MT), were offset by reductions primarily for Ireland (40,000 MT). Total net sales of 40,000 MT for 2022/2023 were for Ireland. |
|
Weekly Export Details |
Exports of 187,900 MT were down 33 percent from the previous week and 34 percent from the prior 4-week average. The destinations were primarily to the Philippines (50,000 MT), Mexico (26,400 MT), Canada (21,300 MT), Guatemala (19,000 MT), and Honduras (17,800 MT). |
|
Comments and Performance Indicators |
Export commitments are 3% ahead a year-ago, the same as last week. USDA projects exports in 2021-22 will climb 4.6% from the previous marketing year. |
|
Soyoil |
|
|
Actual Sales (in MT) |
2021-22: 35,400 |
|
Expectations |
2021-22: 0-60,000 |
|
Weekly Sales Details |
Net sales of 35,400 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for unknown destinations (30,000 MT), Mexico (3,300 MT), Honduras (1,000 MT), and the Dominican Republic (800 MT). |
|
Weekly Export Details |
Exports of 33,300 MT were up noticeably from the previous week and up 18 percent from the prior 4-week average. The destinations were primarily to South Korea (17,300 MT), the Dominican Republic (9,000 MT), Venezuela (3,000 MT), Mexico (2,100 MT), and Colombia (1,500 MT). |
|
Comments and Performance Indicators |
Export commitments are running 11% behind a year-ago, compared to 16% behind last week. USDA projects exports will fall 17.3% this season. |
|
Cotton |
|
|
Actual Upland Sales (in RB) |
2021-22: 158,500 |
|
Net sales of 158,500 RB for 2021/2022 were down 14 percent from the previous week and 46 percent from the prior 4-week average. Increases primarily for China (47,800 RB), Pakistan (23,900 RB), Vietnam (23,800 RB, including, 5,900 RB switched from South Korea and 1,000 RB switched from Japan), Turkey (22,300 RB), and Peru (11,900 RB), were offset by reductions for South Korea (5,900 RB). Net sales of 34,700 RB for 2022/2023 were primarily for Pakistan (14,100 RB), Mexico (5,400 RB), Turkey (4,400 RB), Indonesia (3,500 RB), and Portugal (2,200 RB). |
|
|
Weekly Export Details |
Exports of 270,000 RB were down 10 percent from the previous week, but up 8 percent from the prior 4-week average. The destinations were primarily to China (117,000 RB), Pakistan (46,300 RB), Vietnam (33,000 RB), Turkey (20,200 RB), and Mexico (17,800 RB). Net sales of Pima totaling 3,100 RB were down 42 percent from the previous week and 40 percent from the prior 4-week average. Increases primarily for India (1,700 RB, including decreases of 900 RB), Peru (500 RB), China (400 RB), and Vietnam (400 RB), were offset by reductions for Greece (400 RB). Exports of 4,600 RB were down 78 percent from the previous week and 61 percent from the prior 4-week average. The destinations were primarily to China (2,100 RB), Thailand (600 RB), Bangladesh (500 RB), Peru (400 RB), and India (300 RB). |
|
Comments and Performance Indicators |
Export commitments are 6% behind year-ago, versus 7% 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: 23,000 |
|
Weekly Sales Details |
Net sales of 23,000 MT for 2022 were up 18 percent from the previous week and 38 percent from the prior 4-week average. Increases were primarily for South Korea (10,100 MT, including decreases of 600 MT), Japan (7,200 MT, including decreases of 200 MT), Canada (1,600 MT, including decreases of 200 MT), Mexico (1,200 MT, including decreases of 100 MT), and China (600 MT, including decreases of 1,100 MT). |
|
Weekly Export Details |
Exports of 16,500 MT were up 13 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to South Korea (4,900 MT), Japan (4,300 MT), China (2,400 MT), Taiwan (1,400 MT), and Mexico (1,200 MT). |
|
Comments and Performance Indicators |
USDA projects 2022 exports will decline 5.1% from a year-ago. |
|
Pork |
|
|
Actual Sales (in MT) |
2022: 18,300 |
|
Weekly Sales Details |
Net sales of 18,300 MT for 2022 were up 1 percent from the previous week, but down 46 percent from the prior 4-week average. Increases were primarily for Mexico (4,800 MT, including decreases of 900 MT), South Korea (3,400 MT, including decreases of 400 MT), Japan (3,300 MT, including decreases of 1,100 MT), Canada (2,400 MT, including decreases of 400 MT), and the Dominican Republic (1,600 MT). |
|
Weekly Export Details |
Exports of 31,000 MT were up 2 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to Mexico (14,200 MT), Japan (4,900 MT), China (3,500 MT), South Korea (2,600 MT), and Canada (1,700 MT). |
|
Comments and Performance Indicators |
USDA projects exports in 2022 will drop 3.1% from last year. |
