USDA Weekly Export Sales Report Week Ended Dec. 8, 2022 | |
Corn | |
Actual Sales (in MT) | 2022-23: 958,900 |
Expectations (in MT) | 2022-23: 600,000-900,000 |
Weekly Sales Details | Net sales of 958,900 MT for 2022/2023 were primarily for Guatemala (196,400 MT, including 14,700 MT switched from El Salvador), Mexico (170,800 MT, including decreases of 30,800 MT), unknown destinations (137,000 MT), Japan (79,100 MT, including decreases of 900 MT), and El Salvador (78,800 MT). |
Weekly Export Details | Exports of 590,500 MT were primarily to China (207,700 MT, including 77,000 MT - late), Mexico (155,500 MT), Honduras (98,100 MT), Japan (60,300 MT), and Costa Rica (35,600 MT). |
Comments and Performance Indicators | Export commitments are 48% behind a year-ago compared to 47.9% behind last week. USDA projects exports in 2022-23 at 2.075 billion bu., 16% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2022-23: 469,000 |
Expectations (in MT) | 2022-23: 150,000-350,000 |
Weekly Sales Details | Net sales of 469,000 metric tons (MT) for 2022/2023 primarily for unknown destinations (164,000 MT), South Korea (89,400 MT), Japan (64,200 MT, including decreases of 1,000 MT), Mexico (55,100 MT, including decreases of 300 MT), and Taiwan (42,800 MT), were offset by reductions primarily for China (65,000 MT). |
Weekly Export Details | Exports of 255,900 MT were primarily to Japan (62,500 MT), Mexico (62,400 MT), South Korea (58,900 MT), Nigeria (33,000 MT), and Guatemala (24,000 MT). |
Comments and Performance Indicators | Export commitments are running 7.2% behind a year-ago, compared to 6.3% behind last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2022-23: 2,943,400 |
Expectations (in MT) | 2022-23: 1,500,000-2,000,000 |
Weekly Sales Details | Net sales of 2,943,400 MT for 2022/2023 were primarily for China (1,252,600 MT, including 197,000 switched from unknown destinations and decreases of 184,200 MT), unknown destinations (1,031,500 MT), Mexico (131,300 MT, including decreases of 10,700 MT), Japan (123,300 MT, including 30,000 MT switched from China, 8,000 MT switched from unknown destinations, and decreases of 1,400 MT), and South Korea (118,600 MT, including 117,000 MT switched from unknown destinations and decreases of 5,100 MT). |
Weekly Export Details | Exports of 1,846,000 MT were primarily to China (1,058,900 MT), Mexico (140,000 MT), South Korea (119,200 MT), Bangladesh (117,500 MT), and Japan (93,600 MT). |
Comments and Performance Indicators | Export commitments are running 4.4% ahead of a year-ago, versus 0.3% ahead last week. USDA projects exports in 2022-23 at 2.045 billion bu., down 5.2% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2022-23: 209,600 |
Expectations | 2022-23: 150,000-350,000 |
Weekly Sales Details | Net sales of 209,600 MT for 2022/2023 primarily for Chile (45,000 MT), Saudi Arabia (45,000 MT switched from Poland), Vietnam (45,000 MT), Guatemala (31,700 MT), and Mexico (21,300 MT), were offset by reductions primarily for Poland (45,000 MT). |
Weekly Export Details | Exports of 174,000 MT were primarily to Morocco (32,000 MT), Canada (25,600 MT), the Dominican Republic (23,800 MT), Mexico (23,700 MT), and Ireland (19,800 MT). |
Comments and Performance Indicators | Export commitments are 3.2% behind year-ago, compared to 5.2% behind a week ago. USDA projects exports in 2022-23 will increase 1.3% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2022-23: (200) |
Expectations | 2022-23: 0-5,000 |
Weekly Sales Details | Total net sales reductions of 200 MT for 2022/2023 were for Canada. |
Weekly Export Details | Exports of 400 MT were to Canada. |
Comments and Performance Indicators | Export commitments are running 90.5% behind a year-ago, compared to 90% behind last week. USDA projects exports will decrease 38% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2022-23: 18,600 |
Weekly Sales Details | Net sales of 18,600 RB for 2022/2023 primarily for South Korea (17,900 RB, including decreases of 100 RB), China (10,900 RB, including 6,600 RB switched from Vietnam), Mexico (4,600 RB, including 4,400 RB switched from Vietnam), Thailand (3,500 RB, including decreases of 7,900 RB), and Pakistan (3,000 RB, including decreases of 8,800 RB), were offset by reductions primarily for Turkey (14,200 RB) and Vietnam (11,000 RB). Net sales of 28,200 RB for 2023/2024 were reported for Turkey (23,800 RB) and Pakistan (4,400 RB). Exports of 141,900 RB were primarily to China (60,000 RB), Pakistan (25,400 RB), Mexico (22,700 RB), Turkey (5,200 RB), and Indonesia (4,500 RB). Net sales of Pima totaling 1,300 RB primarily for Bangladesh (700 RB), China (500 RB), Taiwan (400 RB), and Vietnam (400 RB), were offset by reductions for Peru (900 RB). |
Weekly Export Details | Exports of 3,800 RB were primarily to India (3,100 RB), Vietnam (400 RB), China (100 RB), Bangladesh (100 RB), and Japan (100 RB). |
Comments and Performance Indicators | Export commitments are running 12.6% behind a year-ago, versus 10.2% behind ahead last week. USDA forecasts total cotton exports will fall 16.2% from a year ago to 12.25 million bales in 2022-23. |
Beef | |
Actual Sales (in MT) | 2022: 10,900 |
Weekly Sales Details | Net sales of 10,900 MT for 2022 primarily for South Korea (4,100 MT, including decreases of 500 MT), Japan (3,700 MT, including decreases of 300 MT), Mexico (1,600 MT, including decreases of 100 MT), Taiwan (800 MT, including decreases of 100 MT), and Canada (700 MT, including decreases of 100 MT), were offset by reductions for China (1,000 MT). Net sales of 2,900 MT for 2023 primarily for Japan (1,100 MT) and Mexico (1,100 MT), were offset by reductions for China (100 MT) and Hong Kong (100 MT). |
Weekly Export Details | Exports of 16,500 MT were primarily to South Korea (4,900 MT), Japan (4,700 MT), Mexico (1,700 MT), Taiwan (1,400 MT), and China (1,300 MT). |
Comments and Performance Indicators | USDA projects 2022 exports will rise 3.5% from a year ago. |
Pork | |
Actual Sales (in MT) | 2022: 14,400 |
Weekly Sales Details | Net sales of 14,400 MT for 2022 primarily for Mexico (9,600 MT, including decreases of 500 MT), China (2,500 MT, including decreases of 200 MT), Japan (1,600 MT, including decreases of 200 MT), Honduras (500 MT), and Canada (400 MT, including decreases for 400 MT), were offset by reductions primarily for Colombia (400 MT) and South Korea (300 MT). Net sales of 7,700 MT for 2023 primarily for South Korea (4,400 MT), Japan (2,100 MT), the Dominican Republic (600 MT), Colombia (300 MT), and Mexico (300 MT), were offset by reductions for China (200 MT). |
Weekly Export Details | Exports of 34,200 MT were primarily to Mexico (17,400 MT), China (4,700 MT), Japan (3,200 MT), South Korea (3,000 MT), and Canada (1,700 MT). |
Comments and Performance Indicators | USDA projects exports in 2022 will decrease 9.8% from last year. |
Corn, wheat, soybean weekly export sales top expectations
Weekly export data for week ended Dec. 8 showed corn topping expectations by nearly 60,000 MT, with wheat nearly 120,000 MT above the top-end range. Soybean export sales breached the top-end range by 943,000 MT.
(Canva.com)