USDA Weekly Export Sales Report Week Ended Sep. 8, 2022 | |
Corn | |
Actual Sales (in MT) | 2022-23: 583,100 |
Expectations (in MT) | 2022-23: 300,000-900,000 |
Weekly Sales Details | Net sales of 583,100 MT for 2022/2023 primarily for Mexico (283,800 MT, including decreases of 3,500 MT), Guatemala (135,000 MT, including decreases of 800 MT), unknown destinations (90,700 MT), Colombia (28,800 MT), and Panama (24,900 MT), were offset by reductions for El Salvador (13,800 MT), Spain (10,000 MT), and Barbados (500 MT). |
Weekly Export Details | Exports of 426,800 MT were primarily to Mexico (153,900 MT), China (137,100 MT), Honduras (71,100 MT), Nicaragua (18,900 MT), and El Salvador (15,400 MT). |
Comments and Performance Indicators | Export commitments are 50% behind year-ago, versus 4.75% ahead of last week. USDA projects exports in 2022-23 at 2.275 billion bu., 8.1% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2022-23: 217,300 |
Expectations (in MT) | 2022-23: 200,000-550,000 |
Weekly Sales Details | Net sales of 217,300 metric tons (MT) for 2022/2023 primarily for Iraq (100,000 MT), Mexico (78,300 MT, including 60,000 MT switched from unknown destinations and decreases of 900 MT), China (64,700 MT, including 65,000 MT switched from unknown destinations and decreases of 1,100 MT), Nigeria (46,100 MT, including 45,400 MT switched from unknown destinations and decreases of 2,000 MT), and Vietnam (41,000 MT, including 37,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (206,000 MT). |
Weekly Export Details | Exports of 676,800 MT were primarily to Mexico (198,300 MT), Japan (88,000 MT), Nigeria (76,100 MT), China (64,000 MT), and Italy (61,000 MT). |
Comments and Performance Indicators | Export commitments are running 2.0% behind year-ago, compared with 2.1% ahead of last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2022-23: 843,000 |
Expectations (in MT) | 2022-23: 300,000-1,000,000 |
Weekly Sales Details | Net sales of 843,000 MT for 2022/2023 primarily for China (441,700 MT), unknown destinations (107,400 MT), Taiwan (104,200 MT), Mexico (75,400 MT, including decreases of 1,600 MT), and Indonesia (58,900 MT, including 55,000 MT switched from unknown destinations and decreases of 600 MT), were offset by reductions for Lebanon (10,000 MT). Total net sales of 30,000 MT for 2023/2024 were for Tunisia. |
Weekly Export Details | Exports of 375,900 MT were primarily to China (167,000 MT), Indonesia (71,800 MT), Pakistan (70,800 MT), Mexico (32,900 MT), and Vietnam (6,300 MT). |
Comments and Performance Indicators | Export commitments are running 11.8% ahead of a year-ago, compared with 3.3% ahead of last week. USDA projects exports in 2022-23 at 2.085 billion bu., down 2.8% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2022-23: 34,100 |
Expectations | 2022-23: 0-150,000 |
Weekly Sales Details | Net sales of 34,100 MT for 2021/2022 primarily for Guatemala (43,600 MT), Canada (11,700 MT, including decreases of 600 MT), El Salvador (11,100 MT, including 7,500 MT switched from Guatemala and 3,000 MT switched from Nicaragua), Mexico (5,100 MT), and the Dominican Republic (3,000 MT), were offset by reductions for the Philippines (42,000 MT) and Nicaragua (3,600 MT). Net sales of 141,800 MT for 2022/2023 primarily for Mexico (70,900 MT), the Philippines (45,000 MT), Canada (17,300 MT), Ecuador (11,000 MT), and Panama (7,100 MT), were offset by reductions for Ireland (22,500 MT). |
Weekly Export Details | Exports of 114,900 MT were primarily to Ecuador (26,400 MT), Nicaragua (20,900 MT), Panama (19,800 MT), Canada (15,400 MT), and Mexico (11,900 MT). |
Comments and Performance Indicators | Export commitments are 1.6% behind year-ago, compared with 0.3% ahead of last week. USDA projects exports in 2022-23 will increase 0.7% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2022-23: 4,300 |
Expectations | 2022-23: 0-15,000 |
Weekly Sales Details | Net sales of 4,300 MT for 2021/2022 reported for Canada (4,400 MT), were offset by reductions for South Korea (100 MT). |
Weekly Export Details | Exports of 1,400 MT were to Canada (900 MT) and Mexico (500 MT). |
Comments and Performance Indicators | Export commitments are running 2.3% ahead of year-ago, versus 0.6% ahead last week. USDA projects exports will decrease 21.1% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2022-23: 100,300 |
Weekly Sales Details | Net sales of 100,300 RB for 2022/2023 were primarily for Pakistan (77,900 RB, including decreases of 900 RB), Mexico (4,400 RB), Indonesia (4,000 RB, including 300 RB switched from Japan), Guatemala (3,900 RB), and Bangladesh (2,300 RB). Net sales of 25,500 RB for 2023/2024 were primarily for Pakistan (21,700 RB). Exports of 141,000 RB were primarily to China (34,100 RB), Vietnam (18,400 RB), Turkey (17,100 RB), Pakistan (15,200 RB), and Bangladesh (14,100 RB). Net sales of Pima totaling 1,000 RB were primarily for China (700 RB). |
Weekly Export Details | Exports of 1,300 RB were primarily to Thailand (600 RB), Turkey (400 RB), and Germany (200 RB). |
Comments and Performance Indicators | Export commitments are running 20.7% ahead of year-ago, versus 1.3% ahead of last week. USDA forecasts total cotton exports will fall 13.9% from a year ago to 12.6 million bales in 2022-23. |
Beef | |
Actual Sales (in MT) | 2022: 15,100 |
Weekly Sales Details | Net sales of 15,100 MT for 2022 primarily for South Korea (6,700 MT, including decreases of 1,200 MT), Japan (4,200 MT, including decreases of 300 MT), Mexico (1,700 MT), Ecuador (1,700 MT), and Canada (500 MT, including decreases of 100 MT), were offset by reductions primarily for China (1,000 MT). Net sales of 900 MT for 2023 were for Japan (700 MT) and South Korea (200 MT). |
Weekly Export Details | Exports of 15,200 MT were primarily to Japan (4,600 MT), South Korea (3,800 MT), China (2,600 MT), Mexico (1,000 MT), and Hong Kong (800 MT). |
Comments and Performance Indicators | USDA projects 2022 exports will rise 3.5% from a year ago. |
Pork | |
Actual Sales (in MT) | 2022: 25,100 |
Weekly Sales Details | Net sales of 25,100 MT for 2022 primarily for Mexico (9,900 MT, including decreases of 200 MT), China (4,700 MT, including decreases of 100 MT), Japan (4,700 MT), the Dominican Republic (1,600 MT), and Colombia (900 MT, including decreases of 100 MT), were offset by reductions for Chile (100 MT). |
Weekly Export Details | Exports of 23,900 MT were primarily to Mexico (11,000 MT), Japan (4,100 MT), China (3,500 MT), South Korea (1,700 MT), and Colombia (1,100 MT). |
Comments and Performance Indicators | USDA projects exports in 2022 will drop 0.9% from last year. |
Soybean export sales make notable start to marketing year
Weekly export data for week ended Sep. 8 reported soybean export sales have had a considerable start to the marketing year; ahead of last year’s pace, while corn lags by 50%.
(Canva.com)