USDA Weekly Export Sales Report Week Ended Feb. 17, 2022 | |
Corn | |
Actual Sales (in MT) | 2021-22: 1,040,900 |
Expectations (in MT) | 2021-22: 500,000-900,000 |
Weekly Sales Details | Net sales of 1,040,900 MT for 2021/2022 were up 27 percent from the previous week and 4 percent from the prior 4-week average. Increases primarily for Japan (260,400 MT, including 147,900 MT switched from unknown destinations and decreases of 14,000 MT), Mexico (178,400 MT, including decreases of 42,600 MT), Colombia (127,500 MT, including decreases of 19,900 MT), Costa Rica (115,600 MT), and unknown destinations (90,600 MT), were offset by reductions for Jamaica (22,400 MT) and Guatemala (8,800 MT). Total net sales for 2022/2023 of 117,400 MT were for Japan. |
Weekly Export Details | Exports of 1,886,200 MT--a marketing-year high--were up 17 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to China (555,200 MT), Japan (388,100 MT), Mexico (351,700 MT), Canada (172,500 MT), and Guatemala (101,200 MT). |
Comments and Performance Indicators | Export commitments are 19% behind year-ago, compared to 21% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2021-22: 516,900 |
Expectations (in MT) | 2021-22: 100,000-450,000 |
Weekly Sales Details | Net sales of 516,900 metric tons (MT) for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Mexico (151,000 MT, including decreases of 6,500 MT), Nigeria (141,600 MT, including 30,000 MT switched from unknown destinations and decreases of 46,000 MT), South Korea (90,000 MT), Japan (87,300 MT), and El Salvador (52,300 MT, including 12,900 MT switched from unknown destinations, 1,900 MT switched from Costa Rica, and decreases of 900 MT), were offset by reductions primarily for unknown destinations (88,000 MT) and Peru (35,000 MT). Net sales of 169,200 MT for 2022/2023 were primarily for Nigeria (60,000 MT), El Salvador (47,000 MT), Mexico (43,100 MT), Honduras (7,000 MT), and Belize (5,000 MT). |
Weekly Export Details | Exports of 546,600 MT were up 33 percent from the previous week and 42 percent from the prior 4-week average. The destinations were primarily to Japan (90,600 MT), Nigeria (83,600 MT), Mexico (81,000 MT), Taiwan (56,300 MT), and South Korea (55,000 MT). |
Comments and Performance Indicators | Export commitments are running 23% behind a year ago, versus 25% last week. USDA projects exports in 2021-22 at 810 million bu., down 18.3% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2021-22: 1,232,500 |
Expectations (in MT) | 2021-22: 500,000-1,200,000 |
Weekly Sales Details | Net sales of 1,232,500 MT for 2021/2022 were down 6 percent from the previous week and 1 percent from the prior 4-week average. Increases primarily for Egypt (379,300 MT, including 50,000 MT switched from unknown destinations, decreases of 300 MT, and 240,000 MT - late), China (291,400 MT, including 172,000 MT switched from unknown destinations and decreases of 1,100 MT), Mexico (93,900 MT, including decreases of 1,500 MT), Japan (75,800 MT, including 51,300 MT switched from unknown destinations and decreases of 2,000 MT), and Germany (68,800 MT), were offset by reductions for Nepal (100 MT). Net sales of 866,500 MT for 2022/2023 reported for China (601,000 MT), unknown destinations (192,000 MT), Mexico (47,500 MT), and Norway (31,000 MT), were offset by reductions primarily for Taiwan (4,000 MT). |
Weekly Export Details | Exports of 1,260,100 MT were up 8 percent from the previous week, but down 5 percent from the prior 4-week average. The destinations were primarily to China (393,000 MT), Egypt (320,300 MT), Mexico (135,400 MT), Germany (66,800 MT), and Japan (57,800 MT). |
Comments and Performance Indicators | Export commitments are running at 17% behind year-ago, compared to 19% behind as last week. USDA projects exports in 2021-22 at 2.050 billion bu., down 9.5% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2021-22: 231,900 |
Expectations | 2021-22: 100,000-400,000 |
Weekly Sales Details | Net sales of 231,900 MT for 2021/2022 were down 17 percent from the previous week and 36 percent from the prior 4-week average. Increases primarily for the Philippines (47,300 MT), Ireland (30,000 MT), Costa Rica (26,400 MT, including decreases of 2,900 MT), Nicaragua (24,000 MT), and Mexico (22,800 MT), were offset by reductions for Jamaica (11,500 MT), Guatemala (10,400 MT), and Belgium (3,200 MT). |
Weekly Export Details | Exports of 361,600 MT were up 92 percent from the previous week and 35 percent from the prior 4-week average. The destinations were primarily to the Philippines (96,200 MT), Ecuador (65,900 MT), Guatemala (40,100 MT), Colombia (39,000 MT), and Mexico (30,700 MT). |
Comments and Performance Indicators | Export commitments are 4% ahead a year-ago, versus 3% ahead last week. USDA projects exports in 2021-22 will climb 4.6% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2021-22: 35,500 |
Expectations | 2021-22: 8,000-40,000 |
Weekly Sales Details | Net sales of 35,500 MT for 2021/2022 were unchanged from the previous week, but up noticeably from the prior 4-week average. Increases primarily for India (30,000 MT switched from unknown destinations), Bangladesh (18,000 MT), Venezuela (6,500 MT), Mexico (5,200 MT), and Colombia (4,000 MT), were offset by reductions for unknown destinations (30,000 MT). |
Weekly Export Details | Exports of 27,500 MT were down 17 percent from the previous week, but up 14 percent from the prior 4-week average. The destinations were primarily to Inia (20,000 MT), Haiti (3,500 MT), Mexico (2,000 MT), Canada (800 MT), and Trinidad (700 MT). |
Comments and Performance Indicators | Export commitments are running 6% behind a year-ago, compared to 11% behind last week. USDA projects exports will fall 17.3% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2021-22: 247,200 |
Weekly Sales Details | Net sales of 247,200 RB for 2021/2022 were up 56 percent from the previous week, but down 7 percent from the prior 4-week average. Increases were primarily for China (92,000 RB, including 5,400 RB - late), Pakistan (25,700 RB, including 4,400 RB - late), Turkey (24,400 RB, including decreases of 1,300 RB), Vietnam (19,700 RB, including 1,100 RB switched from Japan), and Peru (14,600 RB). Net sales of 218,200 RB for 2022/2023 were primarily for Pakistan (94,700 RB), Bangladesh (43,600 RB), Indonesia (30,800 RB), Mexico (23,600 RB), and Turkey (17,600 RB). |
Weekly Export Details | Exports of 376,100 RB--a marketing-year high--were up 39 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to China (172,400 RB, including 10,700 RB - late), Vietnam (55,500 RB), Pakistan (33,300 RB, including 2,100 RB - late), Turkey (32,800 RB, including 4,300 RB - late), and Mexico (21,700 RB). Net sales of Pima totaling 4,900 RB were up 61 percent from the previous week, but down 1 percent from the prior 4-week average. Increases were primarily for China (3,300 RB), India (800 RB), and Vietnam (400 RB). Total net sales for 2022/2023 of 200 RB were for Italy. Exports of 18,000 RB were up noticeably from the previous week and up 65 percent from the prior 4-week average. The destinations were primarily to India (10,500 RB), Peru (3,100 RB), China (1,900 RB), Vietnam (1,600 RB), and Pakistan (400 RB). |
Comments and Performance Indicators | Export commitments are 6% 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: 14,500 |
Weekly Sales Details | Net sales of 14,500 MT for 2022 were down 37 percent from the previous week and 25 percent from the prior 4-week average. Increases were primarily for Japan (4,900 MT, inclu decreases of 400 MT), South Korea (2,300 MT, including decreases of 600 MT), China (1,900 MT, including decreases of 100 MT), Taiwan (1,500 MT, including decreases of 100 MT), and Indonesia (1,000 MT). |
Weekly Export Details | Exports of 15,300 MT were down 7 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to Japan (4,400 MT), South Korea (4,200 MT), China (2,200 MT), Taiwan (1,100 MT), and Mexico (1,000 MT). |
Comments and Performance Indicators | USDA projects 2022 exports will decline 5.1% from a year-ago. |
Pork | |
Actual Sales (in MT) | 2022: 26,600 |
Weekly Sales Details | Net sales of 26,600 MT for 2022 were up 45 percent from the previous week, but down 8 percent from the prior 4-week average. Increases primarily for Mexico (12,800 MT, including decreases of 500 MT), Canada (6,700 MT, including decreases of 400 MT), Japan (3,100 MT, including decreases of 100 MT), the Dominican Republic (1,100 MT, including decreases of 100 MT), and Honduras (900 MT), were offset by reductions for Nicaragua (100 MT). |
Weekly Export Details | Exports of 30,200 MT were down 3 percent from the previous week and from the prior 4-week average. The destinations were primarily to Mexico (14,000 MT), Japan (4,200 MT), China (3,700 MT), South Korea (2,700 MT), and Canada (1,400 MT). |
Comments and Performance Indicators | USDA projects exports in 2022 will drop 3.1% from last year. |
Cotton, pork export sales surge
Corn, wheat and soybeans export sales above expectations
