Weekly corn exports hit a marketing-year high
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USDA Weekly Export Sales Report Week Ended April 28, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 782,500 |
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Expectations (in MT) |
2021-22: 500,000-1,200,000 |
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Weekly Sales Details |
Net sales of 782,500 MT for 2021/2022 were down 10 percent from the previous week and 19 percent from the prior 4-week average. Increases primarily for China (465,900 MT, including decreases of 10,200 MT), Colombia (191,600 MT, including 158,000 MT switched from unknown destinations and decreases of 67,200 MT), Japan (165,800 MT, including 47,600 MT switched from unknown destinations and decreases of 1,600 MT), Spain (157,100 MT, including 98,000 MT switched from unknown destinations and decreases of 2,800 MT), and Taiwan (82,900 MT, including 66,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (375,500 MT). Net sales of 737,900 MT for 2022/2023 were primarily for China (612,000 MT), Japan (50,600 MT), Guatemala (46,700 MT), and El Salvador (22,300 MT). |
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Weekly Export Details |
Exports of 1,904,800 MT--a marketing-year high--were up 22 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to China (465,800 MT), Mexico (279,800 MT), Colombia (245,700 MT), Japan (201,200 MT), and Spain (157,100 MT). |
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Comments and Performance Indicators |
Export commitments are 14% behind year-ago, compared to 15% 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: 118,800 |
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Expectations (in MT) |
2021-22: 0-200,000 |
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Weekly Sales Details |
Net sales of 118,800 metric tons (MT) for 2021/2022 were up noticeably from the previous week and up 53 percent from the prior 4-week average. Increases primarily for Mexico (88,400 MT, including decreases of 13,600 MT), the Philippines (58,300 MT, including decreases of 5,000 MT), El Salvador (10,400 MT, including 9,600 MT switched from Guatemala), South Korea (5,000 MT), and Colombia (3,300 MT, including decreases of 15,800 MT), were offset by reductions primarily for Nigeria (46,000 MT) and Guatemala (7,200 MT). Net sales of 42,400 MT for 2022/2023 were reported for Mexico (15,900 MT), the Dominican Republic (13,500 MT), Honduras (7,000 MT), and El Salvador (6,000 MT). |
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Weekly Export Details |
Exports of 377,400 MT were up 53 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to Mexico (87,600 MT), the Philippines (55,300 MT), South Korea (55,000 MT), Colombia (48,500 MT), and Japan (41,100 MT). |
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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. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 734,600 |
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Expectations (in MT) |
2021-22: 200,000-575,000 |
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Weekly Sales Details |
Net sales of 734,600 MT for 2021/2022 were up 53 percent from the previous week and 28 percent from the prior 4-week average. Increases were primarily for unknown destinations (316,700 MT), China (200,800 MT, including 66,000 MT switched from unknown destinations and decreases of 700 MT), Egypt (68,800 MT, including 65,000 MT switched from unknown destinations and decreases of 300 MT), Mexico (63,600 MT, including decreases of 18,400 MT), and Indonesia (32,900 MT, including decreases of 200 MT). Net sales of 407,000 MT for 2022/2023 were reported for China (268,000 MT), unknown destinations (121,000 MT), and Mexico (18,000 MT). |
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Weekly Export Details |
Exports of 563,700 MT were down 21 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to China (178,000 MT), Egypt (173,800 MT), Mexico (81,700 MT, including 9,900 MT - late), Colombia (35,600 MT), and Japan (26,000 MT). |
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Comments and Performance Indicators |
Export commitments are running 5% behind year-ago, compared with 6% behind last week 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: 232,200 |
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Expectations |
2021-22: 100,000-300,000 |
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Weekly Sales Details |
Net sales of 232,200 MT for 2021/2022 were up 14 percent from the previous week and 86 percent from the prior 4-week average. Increases primarily for Colombia (121,100 MT, including 22,000 MT switched from unknown destination and decreases of 2,200 MT), Guatemala (43,400 MT, including decreases of 800 MT), Mexico (28,100 MT), Venezuela (18,500 MT, including 20,000 MT switched from unknown destinations, decreases of 1,500 MT, and 20,000 MT - late), and El Salvador (13,900 MT, including 3,700 MT switched from Guatemala), were offset by reductions primarily for unknown destinations (18,000 MT) and the Dominican Republic (14,300 MT). Total net sales of 400 MT for 2022/2023 were for Canada. |
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Weekly Export Details |
Exports of 233,500 MT were down 7 percent from the previous week, but up 2 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,800 MT, including 800 MT - late), Colombia (38,400 MT), Ecuador (32,800 MT), Morocco (21,900 MT), and Guatemala (19,900 MT). |
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Comments and Performance Indicators |
Export commitments are 3% ahead of a year-ago versus 2% 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: 14,700 |
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Expectations |
2021-22: 0-25,000 |
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Weekly Sales Details |
Net sales of 14,700 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for South Korea (12,000 MT). |
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Weekly Export Details |
Exports of 12,800 MT were up 29 percent from the previous week, but down 25 percent from the prior 4-week average. The destinations were primarily to South Korea (11,800 MT) and Canada (600 MT). |
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Comments and Performance Indicators |
Export commitments are running 1% behind a year-ago versus 2% 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: 232,400 |
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Net sales of 232,400 RB for 2021/2022 were up 92 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for China (99,700 RB, including decreases of 13,500 RB), Vietnam (65,800 RB, including 1,000 RB switched from Indonesia and 400 RB switched from South Korea), Bangladesh (24,000 RB), Turkey (15,400 RB, including decreases of 1,600 RB), and India (14,900 RB, including decreases of 1,200 RB), were offset by reductions for the Philippines (900 RB). Net sales of 93,200 RB for 2022/2023 were primarily for Turkey (36,300 RB), Pakistan (19,800 RB), Guatemala (14,600 RB), Peru (9,600 RB), and Indonesia (6,600 RB). |
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Weekly Export Details |
Exports of 426,600 RB were up 11 percent from the previous week and from the prior 4-week average. The destinations were primarily to China (156,500 RB), Turkey (74,200 RB), Vietnam (65,100 RB), Pakistan (48,000 RB), and Mexico (14,100 RB). |
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Comments and Performance Indicators |
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) |
2022: 14,600 |
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Weekly Sales Details |
Net sales of 14,600 MT for 2022 were up 28 percent from the previous week and 1 percent from the prior 4-week average. Increases were primarily for Japan (4,100 MT, including decreases of 600 MT), South Korea (3,200 MT, including decreases of 600 MT), Taiwan (1,800 MT, including decreases of 100 MT), China (1,600 MT, including decreases of 100 MT), and Canada (1,200 MT, including decreases of 100 MT). Total net sales of 100 MT for 2023 were reported for Japan. |
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Weekly Export Details |
Exports of 20,300 MT were up 16 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to Japan (6,600 MT), South Korea (5,000 MT), China (3,200 MT), Taiwan (1,300 MT), and Mexico (1,100 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: 23,800 |
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Weekly Sales Details |
Net sales of 23,800 MT for 2022 were down 24 percent from the previous week and 13 percent from the prior 4-week average. Increases primarily for Mexico (11,300 MT, including decreases of 300 MT), South Korea (3,700 MT, including decreases of 1,000 MT), Japan (3,400 MT, including decreases of 100 MT), Colombia (1,300 MT, including decreases of 200 MT), and Canada (900 MT, including decreases of 500 MT), were offset by reductions for Nicaragua (600 MT) and New Zealand (100 MT). |
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Weekly Export Details |
Exports of 32,200 MT were up 8 percent from the previous week and from the prior 4-week average. The destinations were primarily to Mexico (15,600 MT), Japan (4,100 MT), China (3,600 MT), South Korea (2,600 MT), and Canada (1,500 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2022 will drop 6.2% from last year. |
