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USDA Weekly Export Sales Report
Week Ended March 24, 2022
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Corn
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Actual Sales (in MT)
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2021-22: 636,900
2022-23: 286,800
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Expectations (in MT)
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2021-22: 600,000-1,100,000
2022-23: 0-300,000
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Weekly Sales Details
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Net sales of 636,900 MT for 2021/2022 were down 35 percent from the previous week and 53 percent from the prior 4-week average. Increases primarily for Japan (217,800 MT, including 125,000 MT switched from unknown destinations and decreases of 7,600 MT), Colombia (103,800 MT, including 41,000 MT switched from unknown destinations and decreases of 20,100 MT), Mexico (86,600 MT, including decreases of 116,600 MT), Vietnam (69,300 MT, including 68,000 MT switched from unknown destinations), and Taiwan (66,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (74,300 MT), Lebanon (50,000 MT), and China (18,400 MT). Net sales of 286,800 MT for 2022/2023 were reported for unknown destinations (254,800 MT), Mexico (30,000 MT), and Honduras (2,000 MT).
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Weekly Export Details
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Exports of 1,882,400 MT were up 26 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to China (457,600 MT), Japan (432,200 MT), Mexico (335,200 MT), Colombia (170,800 MT), and Canada (96,800 MT).
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Comments and Performance Indicators
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Export commitments are 18% behind year-ago, the same as 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)
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2021-22: 95,000
2022-23: 81,300
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Expectations (in MT)
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2021-22: 50,000-300,000
2022-23: 0-300,000
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Weekly Sales Details
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Net sales of 95,000 metric tons (MT) for 2021/2022 were down 39 percent from the previous week and 58 percent from the prior 4-week average. Increases primarily for South Korea (45,000 MT), Mexico (30,500 MT, including decreases of 1,200 MT), Guatemala (29,800 MT switched from unknown destinations), Colombia (27,000 MT, including 25,000 MT switched from unknown destinations), and El Salvador (18,800 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (60,800 MT) and Nigeria (15,900 MT). Net sales of 81,300 MT for 2022/2023 were reported for Mexico (32,000 MT), Colombia (31,300 MT), Nigeria (13,000 MT), and Peru (5,000 MT).
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Weekly Export Details
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Exports of 349,200 MT were down 5 percent from the previous week, but up 2 percent from the prior 4-week average. The destinations were primarily to Mexico (113,600 MT), Japan (83,100 MT), the Philippines (65,500 MT), Colombia (44,600 MT), and Nigeria (33,100 MT).
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Comments and Performance Indicators
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Export commitments are running 24% behind a year-ago, the same as last week. USDA projects exports in 2021-22 at 800 million bu., down 19.4% from the previous marketing year.
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Soybeans
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Actual Sales (in MT)
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2021-22: 1,305,800
2022-23: 54,000
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Expectations (in MT)
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2021-22: 400,000-1,400,000
2022-23: 0-500,000
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Weekly Sales Details
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Net sales of 1,305,800 MT for 2021/2022 were up noticeably from the previous week and up 11 percent from the prior 4-week average. Increases were primarily for China (593,200 MT, including 121,000 MT switched from unknown destinations and decreases of 3,600 MT), unknown destinations (520,700 MT), the Netherlands (56,000 MT, including 60,000 MT switched from unknown destinations and decreases of 4,000 MT), Japan (55,600 MT, including decreases of 2,100 MT), and Taiwan (32,400 MT, including decreases of 100 MT). Total net sales of 54,000 MT for 2022/2023 were for Mexico.
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Weekly Export Details
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Exports of 670,200 MT were up 22 percent from the previous week, but down 6 percent from the prior 4-week average. The destinations were primarily to China (331,900 MT), Vietnam (65,600 MT), Mexico (63,300 MT), Egypt (57,100 MT), and the Netherlands (56,000 MT).
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Comments and Performance Indicators
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Export commitments are running at 9% behind year-ago, compared to 11% behind last week. USDA projects exports in 2021-22 at 2.090 billion bu., down 7.6% from the previous marketing year.
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Soymeal
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Actual Sales (in MT)
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2021-22: 103,000
2022-23: 60,500
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Expectations
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2021-22: 0-400,000
2022-23: 0-50,000
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Weekly Sales Details
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Net sales of 103,000 MT for 2021/2022 were down 61 percent from the previous week and 50 percent from the prior 4-week average. Increases primarily for the Philippines (47,200 MT, including decreases of 2,200 MT), Ecuador (33,500 MT, including decreases of 2,500 MT), Morocco (30,000 MT), Canada (22,100 MT, including decreases of 600 MT), and Mexico (7,000 MT), were offset by reductions primarily for unknown destinations (52,900 MT). Net sales of 60,500 MT for 2022/2023 were reported for unknown destinations (60,000 MT) and Japan (500 MT).
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Weekly Export Details
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Exports of 238,900 MT were up 75 percent from the previous week and 22 percent from the prior 4-week average. The destinations were primarily to the Philippines (94,600 MT), Honduras (27,900 MT), the Dominican Republic (24,900 MT), Canada (22,800 MT), and Mexico (21,400 MT).
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Comments and Performance Indicators
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Export commitments are 2% ahead of a year-ago, versus 3% ahead last week. USDA projects exports in 2021-22 will climb 4.6% from the previous marketing year.
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Soyoil
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Actual Sales (in MT)
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2021-22: 30,900
2022-23: 0
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Expectations
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2021-22: -2,000-30,000
2022-23: 0-10,000
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Weekly Sales Details
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Net sales of 30,900 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases were reported for Guatemala (19,500 MT), unknown destinations (6,500 MT), Costa Rica (4,000 MT), Canada (600 MT), and the Dominican Republic (300 MT, including decreases of 1,400 MT).
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Weekly Export Details
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Exports of 12,100 MT were down 38 percent from the previous week and 14 percent from the prior 4-week average. The destinations were to the Dominican Republic (7,400 MT), Venezuela (3,000 MT), Mexico (1,300 MT), and Canada (400 MT).
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Comments and Performance Indicators
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Export commitments are running 1% behind a year-ago, compared to 5% behind last week. USDA projects exports will fall 5.7% this season.
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Cotton
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Actual Upland Sales (in RB)
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2021-22: 234,000
2022-23: 111,700
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Weekly Sales Details
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Net sales of 234,000 RB for 2021/2022 were down 24 percent from the previous week and 32 percent from the prior 4-week average. Increases primarily for China (177,000 RB, including decreases of 2,800 RB), Vietnam (21,300 RB, including 1,600 RB switched from China, 800 RB switched from South Korea, and decreases of 1,000 RB), Turkey (13,800 RB, including decreases of 100 RB), Indonesia (5,000 RB, including 600 RB switched from Japan), and Taiwan (4,800 RB), were offset by reductions for Italy (2,200 RB), South Korea (800 RB), and Bangladesh (300 RB). Net sales of 111,700 RB for 2022/2023 were primarily for Turkey (47,200 RB), Thailand (29,100 RB), Pakistan (13,800 RB), Vietnam (11,400 RB), and India (8,800 RB).
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Weekly Export Details
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Exports of 331,100 RB were down 25 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to China (89,900 RB), Turkey (52,400 RB), Vietnam (47,000 RB), Pakistan (38,500 RB), and Mexico (20,000 RB). Net sales of Pima totaling 7,400 RB were up noticeably from the previous week and up 27 percent from the prior 4-week average. Increases were primarily for India (3,500 RB), Peru (900 RB), China (900 RB), Bangladesh (800 RB), and Egypt (600 RB). Net sales of 8,200 RB for 2022/2023 were primarily for India (4,400 RB) and Peru (2,600 RB). Exports of 12,100 RB were up noticeably from the previous week and up 2 percent from the prior 4-week average. The destinations were primarily to India (5,200 RB), China (3,100 RB), Peru (2,400 RB), Vietnam (1,000 RB), and Pakistan (200 RB).
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Comments and Performance Indicators
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Export commitments are 3% 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)
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2022: 23,000
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Weekly Sales Details
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Net sales of 23,000 MT for 2022 were down 17 percent from the previous week and 7 percent from the prior 4-week average. Increases primarily for China (7,100 MT, including decreases of 200 MT), Japan (5,300 MT, including decreases of 500 MT), South Korea (4,600 MT, including decreases of 700 MT), Taiwan (1,100 MT, including decreases of 200 MT), and Mexico (1,000 MT), were offset by reductions for Kuwait (100 MT). |
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Weekly Export Details
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Exports of 20,400 MT were down 51 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to South Korea (6,500 MT), Japan (5,200 MT), China (3,100 MT), Taiwan (1,600 MT), and Mexico (900 MT).
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Comments and Performance Indicators
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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)
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2022: 27,600
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Weekly Sales Details
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Net sales of 27,600 MT for 2022 were up 19 percent from the previous week, but down 14 percent from the prior 4-week average. Increases primarily for Mexico (14,300 MT, including decreases of 300 MT), Japan (4,000 MT, including decreases of 200 MT), South Korea (2,400 MT, including decreases of 500 MT), Canada (2,300 MT, including decreases of 700 MT), and the Dominican Republic (1,200 MT), were offset by reductions for Chile (300 MT) and El Salvador (100 MT).
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Weekly Export Details
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Exports of 30,600 MT were up 5 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to Mexico (13,200 MT), Japan (5,400 MT), China (3,500 MT), South Korea (2,900 MT), and Canada (1,600 MT).
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Comments and Performance Indicators
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USDA projects exports in 2022 will drop 4.3% from last year.
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