Wheat exports much larger than expected at over 1 MMT
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USDA Weekly Export Sales Report Week Ended July 8, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 59,000 |
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Expectations (in MT) |
2021-22: (100,000)-300,000 |
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Weekly Sales Details |
Net sales of 59,000 MT for 2021/2022 were down noticeably from the previous week and down 72 percent from the prior 4-week average. Increases primarily for Japan (124,100 MT, including 120,400 MT switched from unknown destinations), Mexico (57,000 MT, including decreases of 600 MT), Morocco (30,200 MT - late), El Salvador (11,500 MT), and Nicaragua (7,500 MT), were offset by reductions primarily for unknown destinations (113,400 MT) and Canada (54,600 MT). Net sales of 348,200 MT for 2022/2023 were primarily for Japan (130,600 MT), China (90,500 MT), Colombia (60,000 MT), Mexico (36,500 MT), and El Salvador (15,000 MT). |
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Weekly Export Details |
Exports of 916,100 MT were down 11 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to China (404,900 MT), Mexico (227,200 MT), Japan (223,900 MT, including 400 MT - late), Morocco (30,200 MT - late), and Canada (13,800 MT). |
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Comments and Performance Indicators |
Export commitments are 13.5% behind year-ago, compared with 13% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
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Wheat |
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Actual Sales (in MT) |
2022-23: 1,017,200 |
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Expectations (in MT) |
2022-23: 200,000-500,000 |
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Weekly Sales Details |
Net sales of 1,017,200 metric tons (MT) for 2022/2023 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for China (265,300 MT), South Korea (148,400 MT), Mexico (91,300 MT, including decreases of 1,000 MT), unknown destinations (74,300 MT), and Guatemala (69,800 MT, including 35,300 MT switched from El Salvador), were offset by reductions for El Salvador (34,900 MT) and Nigeria (4,500 MT). Total net sales of 30,000 MT for 2023/2024 were reported for Brazil. |
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Weekly Export Details |
Exports of 270,000 MT were down 6 percent from the previous week and 13 percent from the prior 4-week average. The destination were primarily to South Korea (81,200 MT), Mexico (69,100 MT), Guatemala (36,200 MT), Taiwan (28,500 MT), and Peru (23,900 MT). |
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Comments and Performance Indicators |
Export commitments are running 0.6% behind a year-ago, compared with 17% behind last week. USDA projects exports in 2022-23 at 800 million bu., down 0.5% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: (362,900) |
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Expectations (in MT) |
2021-22: (200,000)-200,000 |
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Weekly Sales Details |
Net sales reductions of 362,900 MT for 2021/2022 were a marketing-year low. Increases primarily for the Netherlands (67,600 MT, including 63,000 MT switched from unknown destinations), Germany (64,100 MT), Algeria (42,900 MT, including 45,000 MT switched from unknown destinations and decreases of 2,100 MT), Vietnam (14,800 MT), and Peru (12,400 MT, including 10,500 MT switched from unknown destinations), were more than offset by reductions primarily for unknown destinations (367,600 MT), China (130,800 MT), Egypt (68,900 MT), and Costa Rica (16,000 MT). Net sales of 113,900 MT for 2022/2023 were primarily for China (90,000 MT), Costa Rica (16,000 MT), and Japan (7,700 MT). |
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Weekly Export Details |
Exports of 440,900 MT were down 13 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to China (84,800 MT), Mexico (68,900 MT), the Netherlands (67,600 MT), Germany (64,100 MT), and Egypt (57,100 MT). |
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Comments and Performance Indicators |
Export commitments are running 4% behind year-ago versus 2% behind last week. USDA projects exports in 2021-22 at 2.170 billion bu., down 4.0% from the previous marketing year. |
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Soymeal |
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Actual Sales (in MT) |
2021-22: 8,200 |
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Expectations |
2021-22: 50,000-300,000 |
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Weekly Sales Details |
Net sales of 8,200 MT for 2021/2022 were down 95 percent from the previous week and 92 percent from the prior 4-week average. Increases primarily for Canada (8,700 MT, including decreases of 600 MT), Mexico (7,500 MT), El Salvador (6,000 MT), Japan (5,400 MT), and Guatemala (3,400 MT switched from Honduras), were offset by reductions primarily for Colombia (24,000 MT) and Honduras (5,000 MT). |
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Weekly Export Details |
Net sales of 145,900 MT for 2022/2023 were primarily for Ecuador (90,000 MT), Guatemala (22,600 MT), El Salvador (13,500 MT), Canada (11,200 MT), and Panama (8,300 MT). Exports of 149,600 MT were down 37 percent from the previous week and 38 percent from the prior 4-week average. The destinations were primarily to Mexico (36,800 MT), Japan (31,500 MT), Venezuela (26,100 MT), Canada (21,400 MT), and Morocco (20,000 MT). |
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Comments and Performance Indicators |
Export commitments are 2.2% behind a year-ago versus 5% ahead last week. USDA projects exports in 2021-22 will increase 1.7% from the previous marketing year. |
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Soyoil |
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Actual Sales (in MT) |
2021-22: 1,000 |
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Expectations |
2021-22: 0-20,000 |
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Weekly Sales Details |
Net sales of 1,000 MT for 2021/2022 were down noticeably from the previous week and down 54 percent from the prior 4-week average. Increases were reported for Guatemala (500 MT) and Canada (500 MT). |
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Weekly Export Details |
Exports of 16,900 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to South Korea (11,900 MT) and Mexico (4,300 MT). |
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Comments and Performance Indicators |
Export commitments are running 1.5% ahead of year-ago, compared with 1% ahead last week. USDA projects exports will increase 2.9% this season. |
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Cotton |
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Actual Upland Sales (in RB) |
2021-22: 10,100 |
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Weekly Sales Details |
Net sales of 10,200 RB for 2021/2022--a marketing-year low--were down 73 percent from the previous week and 68 percent from the prior 4-week average. Increases primarily for Turkey (7,500 RB, including decreases of 900 RB), Mexico (2,800 RB), Algeria (1,500 RB), China (1,200 RB, including 600 RB switched from India and decreases of 200 RB), and Taiwan (900 RB), were offset by reductions for Pakistan (3,200 RB), India (600 RB), and Japan (400 RB). Net sales of 139,300 RB for 2022/2023 primarily for Turkey (73,800 RB), Pakistan (33,900 RB), India (13,200 RB), Nicaragua (8,800 RB), and Peru (7,000 RB), were offset by reductions for Vietnam (4,100 RB), Guatemala (3,500 RB), and Mexico (600 RB). |
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Weekly Export Details |
Exports of 312,700 RB were down 17 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to China (74,000 RB), Turkey (64,800 RB), India (39,000 RB), Vietnam (30,600 RB), and Pakistan (28,100 RB). Total net sales of 1,300 RB of Pima were up 43 percent from the previous week and 36 percent from the prior 4-week average. Increases were for Thailand. Net sales reductions of 100 RB for 2022/2023 resulting in increases for India (400 RB), were more than offset by reductions for Peru (500 RB). Exports of 4,400 RB were down 59 percent from the previous week and 40 percent from the prior 4-week average. The destinations were to China (2,800 RB), India (1,300 RB), Egypt (200 RB), and Italy (100 RB). |
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Comments and Performance Indicators |
Export commitments are 3.1% behind year-ago, compared with 3% 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: 9,200 |
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Weekly Sales Details |
Net sales of 9,200 MT for 2022--a marketing-year low--were down 17 percent from the previous week and 35 percent from the prior 4-week average. Increases primarily for Japan (3,800 MT, including decreases of 500 MT), Mexico (2,900 MT), Canada (900 MT), China (500 MT, including decreases of 900 MT), and Taiwan (400 MT, including decreases of 100 MT), were offset by reductions for South Korea (700 MT). |
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Weekly Export Details |
Exports of 17,100 MT were down 16 percent from the previous week and 13 percent from the prior 4- week average. The destinations were primarily to Japan (6,300 MT), South Korea (4,500 MT), China (2,300 MT), Mexico (1,000 MT), and Canada (700 MT). |
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Comments and Performance Indicators |
USDA projects 2022 exports will increase 1.6% from a year ago. |
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Pork |
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Actual Sales (in MT) |
2022: 18,300 |
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Weekly Sales Details |
Net sales of 18,300 MT for 2022 were down 42 percent from the previous week and 37 percent from the prior 4-week average. Increases were primarily for Mexico (10,100 MT, including decreases of 400 MT), Japan (3,400 MT, including decreases of 800 MT), China (1,600 MT, including decreases of 200 MT), South Korea (1,200 MT, including decreases of 300 MT), and Colombia (800 MT). |
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Weekly Export Details |
Exports of 23,100 MT were down 28 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to Mexico (10,800 MT), China (3,600 MT), Japan (2,900 MT), South Korea (2,100 MT), and Colombia (1,000 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2022 will increase 6.4% from last year. |
