USDA Weekly Export Sales Report Week Ended April 7, 2022 | |
Corn | |
Actual Sales (in MT) | 2021-22: 1,332,900 |
Expectations (in MT) | 2021-22: 850,000-1,700,000 |
Weekly Sales Details | Net sales of 1,332,900 MT for 2021/2022 were up 70 percent from the previous week and 26 percent from the prior 4-week average. Increases primarily for China (671,500 MT, including decreases of 4,500 MT), Mexico (418,800 MT, including decreases of 33,300 MT), South Korea (151,000 MT, including 152,000 MT switched from unknown destinations and decreases of 3,400 MT), Colombia (108,500 MT, including 92,000 MT switched from unknown destinations and decreases of 1,400 MT), and Canada (43,100 MT, including decreases of 1,700 MT), were offset by reductions primarily for unknown destinations (226,200 MT). Net sales of 403,100 MT for 2022/2023 resulting in increases of China (408,000 MT), were offset by Canada (4,900 MT). |
Weekly Export Details | Exports of 1,560,200 MT were down 5 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to China (471,500 MT), Mexico (399,100 MT), Japan (153,700 MT), Colombia (133,600 MT), and Canada (121,000 MT). |
Comments and Performance Indicators | Export commitments are 17% behind year-ago, compared to 18% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2021-22: 96,100 |
Expectations (in MT) | 2021-22: 100,000-250,000 |
Weekly Sales Details | Net sales of 96,100 metric tons (MT) for 2021/2022 were down 39 percent from the previous week and 30 percent from the prior 4-week average. Increases primarily for Mexico (56,500 MT, including decreases of 3,400 MT), Panama (25,400 MT, including 24,300 MT switched from El Salvador and 400 MT switched from Costa Rica), Nigeria (14,000 MT, including decreases of 46,000 MT), Guatemala (12,600 MT, including 7,000 MT switched from Nicaragua), and South Korea (9,500 MT), were offset by reductions primarily for El Salvador (24,300 MT) and unknown destinations (24,000 MT). Net sales of 225,200 MT for 2022/2023 were primarily for Mexico (62,300 MT), Japan (60,000 MT), Honduras (31,000 MT), unknown destinations (30,000 MT), and South Korea (25,900 MT). |
Weekly Export Details | Exports of 340,400 MT were up 10 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to the Philippines (65,300 MT), Japan (59,500 MT), Mexico (47,900 MT), Guatemala (42,300 MT), and Panama (25,400 MT). |
Comments and Performance Indicators | Export commitments are running 23% behind a year-ago, versus to 24% behind last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2021-22: 548,900 |
Expectations (in MT) | 2021-22: 300,000-1,000,000 |
Weekly Sales Details | Net sales of 548,900 MT for 2021/2022 were down 31 percent from the previous week and 41 percent from the prior 4-week average. Increases primarily for China (435,500 MT, including 121,000 MT switched from unknown destinations, 55,000 MT switched from Vietnam, and decreases of 13,600 MT), Germany (56,000 MT), the Netherlands (49,600 MT, including 45,500 MT switched from unknown destinations), Japan (38,500 MT, including 9,500 MT switched from unknown destinations), and South Korea (26,100 MT, including 25,000 MT switched from unknown destinations and decreases of 200 MT), were offset by reductions for unknown destinations (67,900 MT), Vietnam (55,800 MT), and Italy (600 MT). Net sales of 458,000 MT for 2022/2023 were reported for China (267,000 MT), unknown destinations (120,000 MT), Egypt (58,000 MT), Malaysia (10,000 MT), and Taiwan (3,000 MT). |
Weekly Export Details | Exports of 806,500 MT were down 3 percent from the previous week, but up 19 percent from the prior 4-week average. The destinations were primarily to China (415,300 MT), Mexico (57,100 MT), Germany (56,000 MT), Egypt (52,900 MT), and the Netherlands (49,600 MT). |
Comments and Performance Indicators | Export commitments are running 7% behind year-ago, the same as last week. USDA projects exports in 2021-22 at 2.115 billion bu., down 6.5% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2021-22: 174,900 |
Expectations | 2021-22: 50,000-300,000 |
Weekly Sales Details | Net sales of 174,900 MT for 2021/2022 were up noticeably from the previous week and up 21 percent from the prior 4-week average. Increases primarily for Venezuela (45,000 MT), the Philippines (43,900 MT, including decreases of 1,700 MT), Mexico (19,800 MT, including decreases of 8,200 MT), Colombia (19,200 MT, including decreases of 10,600 MT), and Ireland (12,000 MT), were offset by reductions for Guatemala (1,500 MT), Saudi Arabia (1,300 MT), the Dominican Republic (400 MT), and El Salvador (100 MT). Total net sales of 6,000 MT for 2022/2023 were for Canada |
Weekly Export Details | Exports of 128,800 MT--a marketing-year low--were down 46 percent from the previous week and 40 percent from the prior 4-week average. The destinations were primarily to Colombia (31,700 MT), Saudi Arabia (28,700 MT), Canada (25,900 MT), Mexico (24,600 MT), and the Dominican Republic (6,600 MT). |
Comments and Performance Indicators | Export commitments are 3% ahead of a year-ago, versus to 2% ahead last week. USDA projects exports in 2021-22 will climb 3.1% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2021-22: 6,100 |
Expectations | 2021-22: 0-25,000 |
Weekly Sales Details | Net sales of 6,100 MT for 2021/2022 were down 2 percent from the previous week and 58 percent from the prior 4-week average. Increases primarily for Venezuela (4,000 MT), were offset by reductions for Canada (600 MT). |
Weekly Export Details | Exports of 3,000 were down 94 percent from the previous week and 87 percent from the prior 4-week average. The destinations were primarily to Mexico (2,300 MT). |
Comments and Performance Indicators | Export commitments are running 1% behind a year-ago, compared to 2% behind last week. USDA projects exports will increase 0.1% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2021-22: 59,300 |
Weekly Sales Details | Net sales of 59,300 RB for 2021/2022--a marketing-year low--were down 6 percent from the previous week and 76 percent from the prior 4-week average. Increases primarily for Turkey (27,100 RB), India (24,400 RB, including decreases of 16,100 RB), Indonesia (6,700 RB, including 200 RB switched from Japan), Vietnam (6,200 RB, including 900 RB switched from South Korea), and Peru (6,200 RB), were offset by reductions for China (24,800 RB) and South Korea (1,700 RB). Net sales of 132,000 RB for 2022/2023 were primarily for Mexico (62,700 RB), Turkey (17,600 RB), Peru (13,200 RB), Guatemala (11,400 RB), and South Korea (7,900 RB). |
Weekly Export Details | Exports of 333,800 RB were down 27 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to China (122,700 RB), Pakistan (43,800 RB), Turkey (37,400 RB), Vietnam (32,700 RB), and Mexico (20,700 RB). Net sales of Pima totaling 2,100 RB were down 68 percent from the previous week and 71 percent from the prior 4-week average. Increases were primarily for Pakistan (900 RB), Indonesia (900 RB), and Colombia (200 RB). Net sales of 4,100 RB for 2022/2023 were reported for India (4,000 RB) and Japan (100 RB). Exports of 18,100 RB were up 49 percent from the previous week and 92 percent from the prior 4-week average. The destinations were primarily to India (5,500 RB), Peru (4,400 RB), China (3,600 RB), Honduras (1,700 RB), and Vietnam (700 RB). |
Comments and Performance Indicators | Export commitments are 4% behind year-ago, the same as 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: 17,200 |
Weekly Sales Details | Net sales of 17,200 MT for 2022 were up 23 percent from the previous week, but down18 percent from the prior 4-week average. Increases were for South Korea (7,500 MT, including decreases of 500 MT), Japan (4,200 MT, including decreases of 600 MT), Canada (1,300 MT, including decreases of 100 MT), Mexico (1,200 MT), and Hong Kong (600 MT). Total net sales of 100 MT for 2022/2023 were for Canada. |
Weekly Export Details | Exports of 18,600 MT were down 4 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to South Korea (5,800 MT), Japan (4,600 MT), China (3,000 MT), Taiwan (1,400 MT), and Mexico (900 MT). |
Comments and Performance Indicators | USDA projects 2022 exports will decline 4.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2022: 24,000 |
Weekly Sales Details | Net sales of 24,000 MT for 2022 were down 42 percent from the previous week and 26 percent from the prior 4-week average. Increases were primarily for Mexico (6,100 MT, including decreases of 500 MT), Japan (5,400 MT, including decreases of 200 MT), China (4,000 MT, including decreases of 200 MT), South Korea (2,600 MT, including decreases of 300 MT), and Australia (1,900 MT). |
Weekly Export Details | Exports of 31,800 MT were up 10 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Mexico (14,200 MT), Japan (4,700 MT), China (4,300 MT), South Korea (2,900 MT), and the Dominican Republic (1,100 MT). |
Comments and Performance Indicators | USDA projects exports in 2022 will drop 6.2% from last year. |