USDA Weekly Export Sales Report Week Ended Dec. 16, 2021 | Corn | Actual Sales (in MT) | 2021-22: 982,900 | Expectations (in MT) | 2021-22: 725,000-1,400,000 | Weekly Sales Details | Net sales of 982,900 MT for 2021/2022 were down 50 percent from the previous week and 29 percent from the prior 4-week average. Increases primarily for Japan (345,700 MT, including 126,000 MT switched from unknown destinations and decreases of 1,600 MT), Mexico (258,000 MT, including decreases of 3,300 MT), Canada (216,700 MT, including decreases of 1,300 MT), Colombia (99,600 MT, including 23,700 MT switched from unknown destinations and decreases of 22,300 MT), and Jamaica (23,200 MT, including decreases of 9,000 MT), were offset by reductions for unknown destinations (14,100 MT). Net sales of 132,500 MT for 2022/2023 reported for Japan (76,700 MT) and Mexico (60,000 MT), were offset by reductions for Costa Rica (4,200 MT). | Weekly Export Details | Exports of 1,101,400 MT were up 1 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to Mexico (349,900 MT), China (208,800 MT), Japan (207,400 MT), Canada (97,900 MT), and South Korea (68,300 MT). | Comments and Performance Indicators | Export commitments are 6% behind year-ago, versus 7% 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: 425,400 | Expectations (in MT) | 2021-22: 200,000-550,000 | Weekly Sales Details | Net sales of 425,400 metric tons (MT) for 2021/2022 were down 35 percent from the previous week, but up 11 percent from the prior 4-week average. Increases primarily for Japan (130,500 MT), the Philippines (105,500 MT), Mexico (35,000 MT, including decreases of 11,600 MT), South Korea (35,000 MT), and unknown destinations (31,700 MT), were offset by reductions for Italy (500 MT). Total net sales of 33,000 MT for 2022/2023 were for unknown destinations. | Weekly Export Details | Exports of 190,400 MT were down 31 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to Mexico (68,800 MT), South Korea (55,000 MT), Nigeria (21,100 MT), Italy (19,500 MT), and the Dominican Republic (12,100 MT). | Comments and Performance Indicators | Export commitments are 22% behind year-ago, the same as last week. USDA projects exports in 2021-22 at 840 million bu., down 15.3% from the previous marketing year. | Soybeans | Actual Sales (in MT) | 2021-22: 811,500 | Expectations (in MT) | 2021-22: 700,000-1,700,000 | Weekly Sales Details | Net sales of 811,500 MT for 2021/2022--a marketing-year low--were down 38 percent from the previous week and 42 percent from the prior 4-week average. Increases primarily for China (730,400 MT, including 330,000 MT switched from unknown destinations and decreases of 3,300 MT), Mexico (95,100 MT, including 47,500 MT switched from unknown destinations, decreases of 1,600 MT, and 32,700 MT - late), Egypt (94,000 MT), Indonesia (85,000 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), and Saudi Arabia (71,100 MT, including 66,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (571,800 MT). Total net sales of 1,000 MT for 2022/2023 were for Japan. | Weekly Export Details | Exports of 1,854,700 MT were down 3 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to China (1,050,600 MT), Egypt (122,000 MT), Mexico (112,700 MT), Saudi Arabia (71,100 MT), and Turkey (69,300 MT). | Comments and Performance Indicators | Export commitments are 24% behind year-ago, versus 25% behind last week. USDA projects exports in 2021-22 at 2.050 billion bu., down 9.5% from year-ago. | Soymeal | Actual Sales (in MT) | 2021-22: 300,000 | Expectations | 2021-22: 50,000-250,000 | Weekly Sales Details | Net sales of 300,000 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for the Philippines (186,400 MT, including 45,000 MT switched from unknown destinations), Thailand (50,000 MT), Ireland (25,300 MT, including 24,000 MT switched from unknown destinations), the Dominican Republic (19,500 MT), and Mexico (15,500 MT, including decreases of 2,000 MT), were offset by reductions primarily for Japan (28,600 MT). Net sales reductions of 1,900 MT for 2022/2023 were reported for Canada (800 MT), Japan (700 MT), and the Netherlands (400 MT). | Weekly Export Details | Exports of 397,400 MT--a marketing-year high--were up noticeably from the previous week and up 54 percent from the prior 4-week average. The destinations were primarily to the Philippines (166,100 MT), Mexico (40,000 MT), Ecuador (32,400 MT), Canada (29,300 MT), and Ireland (25,300 MT). | Comments and Performance Indicators | Export commitments are 5% ahead of year-ago, compared to 4% 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: 109,500 | Expectations | 2021-22: 0-25,000 | Weekly Sales Details | Net sales of 109,500 MT for 2021/2022--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for India (53,000 MT), South Korea (17,000 MT), Colombia (15,400 MT), Jamaica (10,500 MT), and Mexico (7,700 MT). | Weekly Export Details | Exports of 4,600 MT were down 57 percent from the previous week and 82 percent from the prior 4-week average. The destinations were to Colombia (4,000 MT), Canada (400 MT), and Mexico (200 MT). | Comments and Performance Indicators | Export commitments are even with last year, versus behind 25% last week. USDA projects exports will fall 27.5% this season. | Cotton | Actual Upland Sales (in RB) | 2021-22: 243,900 2022-23: 49,400 | Weekly Sales Details | Net sales of 243,900 RB for 2021/2022 were down 15 percent from the previous week and 21 percent from the prior 4-week average. Increases were primarily for China (68,700 RB, including 2,200 RB switched from Vietnam and decreases of 8,800 RB), Vietnam (32,700 RB, including 600 RB switched from South Korea and decreases of 100 RB), Turkey (29,000 RB), Pakistan (23,500 RB, including 300 RB switched from the United Arab Emirates), and Mexico (22,800 RB), were offset by reductions for South Korea (1,700 RB), Malaysia (400 RB), and the United Arab Emirates (300 RB). Net sales of 49,400 RB for 2022/2023 reported for Mexico (42,900 RB), Pakistan (4,400 RB), Vietnam (1,400 RB), and Indonesia (1,200 RB), were offset by reductions for China (500 RB). | Weekly Export Details | Exports of 131,100 RB were unchanged from the previous week, but up 27 percent from the prior 4-week average. The destinations were primarily to China (58,300 RB), Vietnam (17,900 RB), Mexico (10,300 RB), Turkey (10,200 RB), and Pakistan (8,400 RB). Net sales of Pima totaling 6,500 RB were up noticeably from the previous week, but down 20 percent from the prior 4-week average. Increases primarily for Thailand (2,600 RB), India (1,400 RB), Pakistan (900 RB), Japan (900 RB), and China (700 RB), were offset by reductions for Egypt (900 RB). Total net sales of 400 RB for 2022/2023 were for Egypt. Exports of 4,500 RB were down 47 percent from the previous week and 30 percent from the prior 4-week average. The destinations were to China (2,200 RB), India (1,700 RB), Pakistan (400 RB), and Turkey (200 RB). | Comments and Performance Indicators | Export commitments are 8% behind a year-ago, compared to 6% behind last week. USDA forecasts total cotton exports will fall 5.3% from year-ago to 15.50 million bales in 2021-22. | Beef | Actual Sales (in MT) | 2021: 12,000
2022: 8,100 | Weekly Sales Details | Net sales of 12,000 MT for 2021 were down 30 percent from the previous week and 23 percent from the prior 4-week average. Increases primarily for China (3,800 MT, including decreases of 300 MT), Japan (3,700 MT, including decreases of 400 MT), South Korea (2,800 MT, including decreases of 1,500 MT), Mexico (700 MT), and Taiwan (500 MT, including decreases of 500 MT), were offset by reductions for Hong Kong (300 MT) and Chile (100 MT). Net sales of 8,100 MT for 2022 were primarily for South Korea (3,200 MT), China (2,400 MT), Taiwan (900 MT), Japan (700 MT), and Hong Kong (500 MT), were offset by reductions for Vietnam (200 MT). | Weekly Export Details | Exports of 17,900 MT were down 3 percent from the previous week, but up 3 percent from the prior 4-week average. The destinations were primarily to South Korea (5,400 MT), Japan (4,600 MT), China (3,100 MT), Mexico (1,800 MT), and Taiwan (1,300 MT). | Comments and Performance Indicators | USDA projects 2021 exports will climb 17.1% from year-ago to a record level. | Pork | Actual Sales (in MT) | 2021: 28,800
2022: 7,000
| Weekly Sales Details | Net sales of 28,800 MT for 2021 were down 8 percent from the previous week, but up 5 percent from the prior 4-week average. Increases primarily for Mexico (14,000 MT, including decreases of 700 MT), South Korea (7,100 MT, including decreases of 600 MT), Japan (3,800 MT, including decreases of 2,300 MT), Canada (1,600 MT, including decreases of 400 MT), and Nicaragua (900 MT), were offset by reductions for China (300 MT), Australia (200 MT), and Chile (100 MT). Net sales of 7,000 MT for 2022 were primarily for Japan (2,800 MT), Mexico (1,600 MT), Canada (1,600 MT), Colombia (1,300 MT), and the Philippines (600 MT), were offset by reductions for South Korea (2,300 MT). | Weekly Export Details | Exports of 32,000 MT were up 6 percent from the previous week, but down 1 percent from the prior 4-week average. The destinations were primarily to Mexico (14,500 MT), Japan (5,100 MT), China (4,500 MT), South Korea (2,000 MT), and Canada (1,700 MT). | Comments and Performance Indicators | USDA projects exports in 2021 will drop 1.6% from last year. | |
