USDA Weekly Export Sales Report Week Ended Dec. 1, 2022 | |
Corn | |
Actual Sales (in MT) | 2022-23: 691,600 |
Expectations (in MT) | 2022-23: 300,000-950,000 |
Weekly Sales Details | Net sales of 691,600 MT for 2022/2023 primarily for Mexico (333,100 MT, including decreases of 32,400 MT), China (204,900 MT, including 189,200 MT switched from unknown destinations), Costa Rica (122,300 MT), Guatemala (32,100 MT), and Honduras (28,800 MT), were offset by reductions for unknown destinations (108,700 MT). |
Weekly Export Details | Exports of 900,100 MT were primarily to China (474,900 MT), Mexico (344,200 MT), Japan (39,300 MT), Canada (24,400 MT), and Taiwan (6,300 MT). |
Comments and Performance Indicators | Export commitments are 47.9% behind a year-ago compared to 48.2% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2022-23: 189,900 |
Expectations (in MT) | 2022-23: 150,000-350,000 |
Weekly Sales Details | Net sales of 189,900 metric tons (MT) for 2022/2023 were primarily for China (65,000 MT), Iraq (50,000 MT), Mexico (34,200 MT, including decreases of 100 MT), Italy (15,700 MT, including decreases of 400 MT), and Haiti (7,000 MT). |
Weekly Export Details | Exports of 257,400 MT were primarily to the Philippines (110,000 MT), Japan (35,000 MT), Algeria (32,600 MT), Mexico (31,700 MT), and Nigeria (30,000 MT). |
Comments and Performance Indicators | Export commitments are running 6.3% behind a year-ago, compared to 6.1% 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: 1,716,200 |
Expectations (in MT) | 2022-23: 600,000-1,200,000 |
Weekly Sales Details | Net sales of 1,716,200 MT for 2022/2023 primarily for China (839,600 MT, including 396,000 MT switched from unknown destinations and decreases of 108,200 MT), Mexico (143,300 MT, including 47,500 MT switched from unknown destinations and decreases of 300 MT), Germany (140,400 MT), Indonesia (120,800 MT, including 110,000 MT switched from unknown destinations and decreases of 100 MT), and unknown destinations (108,400 MT), were offset by reductions for Honduras (5,000 MT). Total net sales of 30,000 MT for 2023/2024 were for China. |
Weekly Export Details | Exports of 2,247,600 MT were primarily to China (1,669,700 MT), Germany (140,400 MT), Indonesia (125,800 MT), Taiwan (96,400 MT), and Mexico (78,900 MT). |
Comments and Performance Indicators | Export commitments are running 0.3% ahead of a year-ago, versus 0.4% 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: 226,200 |
Expectations | 2022-23: 150,000-350,000 |
Weekly Sales Details | Net sales of 226,200 MT for 2022/2023 primarily for Mexico (104,800 MT, including decreases of 400 MT), Japan (24,300 MT, including decreases of 700 MT), Honduras (16,300 MT), unknown destinations (14,500 MT), and Nicaragua (13,900 MT), were offset by reductions primarily for Ireland (7,500 MT) and Colombia (1,100 MT). Total net sales of 15,000 MT for 2023/2024 were for Mexico. |
Weekly Export Details | Exports of 260,900 MT were primarily to Japan (100,600 MT), the Philippines (49,100 MT), Mexico (34,500 MT), the Dominican Republic (26,100 MT), and the Netherlands (21,000 MT). |
Comments and Performance Indicators | Export commitments are 5.2% behind year-ago, compared to 5.9% behind a week ago. USDA projects exports in 2022-23 will increase 0.7% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2022-23: 500 |
Expectations | 2022-23: 0-10,000 |
Weekly Sales Details | Net sales of 500 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% behind a year-ago, compared to 90% behind last week. USDA projects exports will decrease 21.1% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2022-23: 32,600 |
Weekly Sales Details | Net sales of 32,600 RB for 2022/2023 primarily for China (11,000 RB, including decreases of 100 RB), Bangladesh (7,300 RB, including decreases of 100 RB), Turkey (6,500 RB), Vietnam (4,300 RB, including 3,100 RB switched from Taiwan and 1,300 RB switched from South Korea), and Pakistan (3,400 RB, including decreases of 2,200 RB), were offset by reductions primarily for Thailand (1,700 RB) and South Korea (1,300 RB). Net sales of 26,400 RB for 2023/2024 were reported for Pakistan (22,000 RB) and Turkey (4,400 RB). Exports of 141,100 RB were primarily to China (59,900 RB), Pakistan (36,200 RB), Mexico (10,000 RB), El Salvador (7,000 RB), and Vietnam (5,600 RB). Net sales of Pima totaling 1,400 RB primarily for China (1,100 RB, including 900 RB switched from Germany), Thailand (900 RB), Guatemala (600 RB), South Korea (300 RB), and Japan (200 RB), were offset by reductions for Germany (900 RB) and India (800 RB). Total net sales of 200 RB for 2023/2024 were for Guatemala. |
Weekly Export Details | Exports of 6,900 RB were primarily to India (2,600 RB), Indonesia (1,300 RB), Thailand (1,000 RB), Turkey (900 RB), and China (900 RB). |
Comments and Performance Indicators | Export commitments are running 10.2% behind a year-ago, versus 6.9% behind ahead last week. USDA forecasts total cotton exports will fall 14.5% from a year ago to 12.5 million bales in 2022-23. |
Beef | |
Actual Sales (in MT) | 2022: 1,600 |
Weekly Sales Details | Net sales of 1,600 MT for 2022 primarily for China (4,800 MT, including decreases of 300 MT), Japan (1,600 MT, including decreases of 1,100 MT), Mexico (900 MT, including decreases of 100 MT), Canada (500 MT, including decreases of 200 MT), and Taiwan (400 MT, including decreases of 200 MT), were offset by reductions primarily for South Korea (7,900 MT). Net sales of 16,300 MT for 2023 were primarily for South Korea (13,100 MT), Japan (1,300 MT), Hong Kong (700 MT), China (300 MT), and Guatemala (300 MT). |
Weekly Export Details | Exports of 16,900 MT were primarily to South Korea (5,100 MT), Japan (4,300 MT), Mexico (1,900 MT), China (1,600 MT), and Taiwan (1,300 MT). |
Comments and Performance Indicators | USDA projects 2022 exports will rise 3.8% from a year ago. |
Pork | |
Actual Sales (in MT) | 2022: (7,900) |
Weekly Sales Details | Net sales reductions of 7,900 MT for 2022 resulting in increases for Mexico (3,100 MT, including decreases of 4,000 MT), China (900 MT, including decreases of 300 MT), Honduras (200 MT), the Dominican Republic (200 MT, including decreases of 200 MT), and Chile (100 MT), were more than offset by reductions primarily for Japan (4,400 MT), Australia (3,400 MT), South Korea (2,300 MT), and Canada (2,200 MT). Net sales of 2,400 MT for 2023 were primarily for Colombia (1,300 MT), Japan (500 MT), South Korea (200 MT), and Nicaragua (200 MT). |
Weekly Export Details | Exports of 32,500 MT were primarily to Mexico (15,900 MT), China (4,700 MT), Japan (3,300 MT), South Korea (2,100 MT), and Canada (1,900 MT). |
Comments and Performance Indicators | USDA projects exports in 2022 will increase 9.1% from last year. |
Strong weekly soybean sales at over 1.7 MMT
Weekly export sales for week ended Dec. 1 reported soybean sales over 1.7 MMT, topping expectations by over 500,000 MT and were up over 1 MMT from the previous week. Corn landed mid-range at 691,600 MT.
