USDA Weekly Export Sales Report Week Ended March 17, 2022 | |
Corn | |
Actual Sales (in MT) | 2021-22: 979,500 |
Expectations (in MT) | 2021-22: 800,000-1,800,000 |
Weekly Sales Details | Net sales of 979,500 MT for 2021/2022 were down 47 percent from the previous week and 29 percent from the prior 4-week average. Increases primarily for Mexico (265,300 MT, including decreases of 400 MT), Colombia (153,900 MT, including 49,000 MT switched from unknown destinations and decreases of 4,000 MT), South Korea (127,200 MT), unknown destinations (92,600 MT), and Israel (69,700 MT, including 65,000 MT switched from unknown destinations), were offset by reductions reported for Costa Rica (1,800 MT) and Nicaragua (1,300 MT). Total net sales of 6,100 MT for 2022/2023 were for Mexico. |
Weekly Export Details | Exports of 1,492,100 MT were up 17 percent from the previous week, but down 8 percent from the prior 4-week average. The destinations were primarily to China (477,900 MT), Japan (295,400 MT), Mexico (260,700 MT), Colombia (108,400 MT), and Canada (90,100 MT). |
Comments and Performance Indicators | Export commitments are 18% behind year-ago, compared to 14% 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: 155,700 |
Expectations (in MT) | 2021-22: 100,000-600,000 |
Weekly Sales Details | Net sales of 155,700 metric tons (MT) for 2021/2022 were up 7 percent from the previous week, but down 51 percent from the prior 4-week average. Increases primarily for Japan (109,800 MT), Taiwan (50,100 MT), Venezuela (31,500 MT, including 30,000 MT switched from unknown destinations), Mexico (29,900 MT, including decreases of 29,400 MT), and Chile (12,000 MT), were offset by reductions primarily for Nigeria (35,700 MT), unknown destinations (31,400 MT), and Colombia (14,500 MT). Net sales of 367,300 MT for 2022/2023 were primarily for unknown destinations (142,200 MT), Colombia (69,700 MT), Nigeria (46,000 MT), Panama (44,400 MT), and the Philippines (30,500 MT), were offset by reductions for Nicaragua (2,100 MT). |
Weekly Export Details | Exports of 366,100 MT were up 47 percent from the previous week, but down 5 percent from the prior 4-week average. The destinations were primarily to South Korea (83,300 MT), the Philippines (57,600 MT), Mexico (57,000 MT), Honduras (34,100 MT), and Venezuela (31,500 MT). |
Comments and Performance Indicators | Export commitments are running 24% behind a year-ago, versus 23% behind last week. USDA projects exports in 2021-22 at 800 million bu., down 19.4% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2021-22: 412,200 |
Expectations (in MT) | 2021-22: 500,000-1,300,000 |
Weekly Sales Details | Net sales of 412,200 MT for 2021/2022 were down 67 percent from the previous week and 70 percent from the prior 4-week average. Increases primarily for Algeria (84,000 MT), Egypt (76,500 MT, including 65,000 MT switched from unknown destinations and decreases of 900 MT), Mexico (75,100 MT, including decreases of 1,000 MT), Indonesia (66,200 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), and China (32,500 MT), were offset by reductions for unknown destinations (57,700 MT). Total net sales reductions of 13,000 MT for 2022/2023 were for China |
Weekly Export Details | Exports of 549,200 MT were down 23 percent from the previous week and 38 percent from the prior 4-week average. The destinations were primarily to China (161,700 MT), Mexico (138,400 MT), Egypt (116,500 MT), Indonesia (80,300 MT), and Japan (16,700 MT). |
Comments and Performance Indicators | Export commitments are running at 11% behind year-ago, the same as last week. USDA projects exports in 2021-22 at 2.090 billion bu., down 7.6% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2021-22: 260,700 |
Expectations | 2021-22: 100,000-300,000 |
Weekly Sales Details | Net sales of 260,700 MT for 2021/2022 were up 77 percent from the previous week and 32 percent from the prior 4-week average. Increases primarily for the Philippines (88,000 MT), Ecuador (87,000 MT, including decreases of 5,000 MT), Colombia (31,300 MT, including 20,000 MT switched from unknown destinations), Venezuela (24,000 MT), and Morocco (21,000 MT), were offset by reductions primarily for Ireland (30,000 MT) and unknown destinations (27,200 MT). Net sales of 42,200 MT for 2022/2023 were reported for Ireland (30,000 MT), Mexico (12,000 MT), and Canada (200 MT). |
Weekly Export Details | Exports of 136,200 MT--a marketing-year low--were down 46 percent from the previous week and from the prior 4-week average. The destinations were primarily to Ecuador (32,500 MT), Mexico (27,800 MT), Colombia (16,800 MT), Morocco (13,000 MT), and Canada (9,700 MT). |
Comments and Performance Indicators | Export commitments are 3% ahead of a year-ago, versus 2% 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: -2,000 |
Expectations | 2021-22: 0-30,000 |
Weekly Sales Details | Net sales reductions of 2,000 MT for 2021/2022 were down noticeably from the previous week and from the prior 4-week average. Increases reported for India (800 MT, including decreases of 300 MT), were more than offset by reductions for Mexico (2,700 MT) and Canada (100 MT). |
Weekly Export Details | Exports of 19,400 MT were up noticeably from the previous week and up 21 percent from the prior 4-week average. The destinations were primarily to India (17,700 MT) and Mexico (1,300 MT). |
Comments and Performance Indicators | Export commitments are running 5% behind a year-ago, compared to 3% behind last week. USDA projects exports will fall 5.7% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2021-22: 307,500 |
Weekly Sales Details | Net sales of 307,500 RB for 2021/2022 were down 17 percent from the previous week and 7 percent from the prior 4-week average. Increases primarily for China (130,200 RB, including decreases of 8,900 RB), Turkey (71,700 RB, including decreases of 200 RB), Bangladesh (26,500 RB), Pakistan (25,700 RB, including 200 RB switched from the United Arab Emirates and decreases of 100 RB), and Vietnam (23,400 RB, including 1,400 RB switched from South Korea, 500 RB switched from Indonesia, 500 RB switched from Japan, and decreases of 200 RB), were offset by reductions for South Korea (1,400 RB), Guatemala (200 RB), and the United Arabia Emirates (200 RB). Net sales of 67,400 RB for 2022/2023 were primarily for China (21,800 RB), Thailand (13,600 RB), Pakistan (9,700 RB), Turkey (7,900 RB), and Guatemala (6,100 RB). |
Weekly Export Details | Exports of 442,700 RB--a marketing-year high--were up 36 percent from the previous week and 29 percent from the prior 4-week average. The destinations were primarily to China (173,500 RB, including 46,000 RB - late), Vietnam (74,700 RB, including 12,500 RB - late), Turkey (50,400 RB, including 5,500 RB late), Pakistan (37,100 RB, including 2,300 RB - late), and Mexico (23,700 RB). Net sales of Pima totaling 3,000 RB were down 76 percent from the previous week and 53 percent from the prior 4-week average. Increases were primarily for India (1,200 RB), China (700 RB), and Turkey (600 RB). Exports of 5,800 RB were down 25 percent from the previous week and 61 percent from the prior 4-week average. The destinations were primarily to China (2,000 RB), Peru (1,700 RB), and Vietnam (1,500 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: 27,500 |
Weekly Sales Details | Net sales of 27,500 MT for 2022--a marketing-year high--were up 40 percent from the previous week and 29 percent from the prior 4-week average. Increases were primarily for South Korea (9,000 MT, including decreases of 700 MT), China (7,600 MT, including decreases of 100 MT), Japan (6,000 MT, including decreases of 500 MT), Hong Kong (1,100 MT), and Taiwan (900 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 41,800 MT--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to Japan (11,300 MT, including 6,500 MT – late), China (8,700 MT, including 6,600 MT – late), South Korea (6,400 MT, including 1,900 MT – late), Mexico (4,400 MT, including 3,300 MT – late), and the Netherlands (2,200 MT, including 2,000 – late). |
Comments and Performance Indicators | USDA projects 2022 exports will decline 4.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2022: 23,200 |
Weekly Sales Details | Net sales of 23,200 MT for 2022 were down 39 percent from the previous week and 30 percent from the prior 4-week average. Increases primarily for Mexico (9,200 MT, including decreases of 300 MT), South Korea (4,800 MT, including decreases of 300 MT), Japan (3,300 MT, including decreases of 200 MT), Colombia (1,800 MT), and Australia (800 MT, including decreases of 100 MT), were offset by reductions for Nicaragua (200 MT). |
Weekly Export Details | Exports of 29,100 MT were up 12 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Mexico (12,800 MT), Japan (4,600 MT), China (3,800 MT), South Korea (2,000 MT), and Canada (1,600 MT). |
Comments and Performance Indicators | USDA projects exports in 2022 will drop 4.3% from last year. |
Soybean export sales plummet
Beef export sales set marketing-year high
(USDA)