USDA Weekly Export Sales Report Week Ended July 6, 2023 | |
Corn | |
Actual Sales (in MT) | 2022-23: 468,400 |
Expectations (in MT) | 2022-23: 50,000-400,000 |
Weekly Sales Details | Net sales of 468,400 MT for 2022/2023 were up 86 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for Mexico (273,300 MT, including decreases of 35,000 MT), Canada (111,800 MT), Japan (52,300 MT, including 42,000 MT switched from unknown destinations and decreases of 1,100 MT), Honduras (52,000 MT), and Colombia (33,800 MT), were offset by reductions for unknown destinations (32,900 MT), the French West Indies (6,700 MT), the Dominican Republic (3,600 MT), Costa Rica (500 MT), and the Leeward-Winward Islands (200 MT). Net sales of 470,800 MT for 2023/2024 primarily for Mexico (267,100 MT), Canada (131,700 MT), Japan (50,000 MT), unknown destinations (41,100 MT), and Taiwan (1,900 MT), were offset by reductions for Honduras (22,600 MT). |
Weekly Export Details | Exports of 492,700 MT were down 30 percent from the previous week and 38 percent from the prior 4-week average. The destinations were primarily to Mexico (271,800 MT), Japan (93,300 MT), Costa Rica (33,000 MT - late), Canada (22,500 MT), and Colombia (21,800 MT). |
Comments and Performance Indicators | Export commitments are 34.6% behind a year-ago compared to 35.3% behind last week. USDA projects exports in 2022-23 at 1.650billion bu., 33.3% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2023-24: 395,700 |
Expectations (in MT) | 2023-24: 50,000-550,000 |
Weekly Sales Details | Net sales of 395,700 metric tons (MT) for 2023/2024 primarily for Mexico (146,600 MT, including decreases of 900 MT), Indonesia (63,000 MT, including 30,000 MT switched from unknown destinations), Japan (58,700 MT, including decreases of 400 MT), Taiwan (57,500 MT), and Thailand (55,000 MT), were offset by reductions primarily for unknown destinations (123,000 MT), the Philippines (33,200 MT), Guatemala (3,100 MT), El Salvador (2,700 MT), and Belize (2,000 MT). |
Weekly Export Details | Exports of 384,900 MT were primarily to the Philippines (93,800 MT), Ecuador (67,400 MT), Chile (35,200 MT), Indonesia (35,000 MT), and the Dominican Republic (34,000 MT). |
Comments and Performance Indicators | Export commitments are running 29.1% behind a year-ago, compared to 23.7% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2022-23: 80,600 |
Expectations (in MT) | 2022-23: 0-300,000 |
Weekly Sales Details | Net sales of 80,600 MT for 2022/2023 were down 57 percent from the previous week and 76 percent from the prior 4-week average. Increases primarily for the Netherlands (66,900 MT, including 62,000 MT switched from unknown destinations), Spain (61,800 MT, including 55,000 MT switched from unknown destinations), Mexico (33,300 MT, including decreases of 500 MT), Vietnam (19,600 MT), and Japan (17,000 MT, including 9,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (125,800 MT), the Dominican Republic (6,000 MT), and Colombia (3,300 MT). Net sales of 209,200 MT for 2023/2024 were primarily for unknown destinations (115,000 MT), Japan (50,000 MT), Mexico (42,900 MT), Indonesia (500 MT), and Taiwan (500 MT). |
Weekly Export Details | Exports of 338,600 MT were up 27 percent from the previous week and 37 percent from the prior 4-week average. The destinations were primarily to Spain (116,800 MT), the Netherlands (66,900 MT), Japan (34,200 MT), Mexico (33,700 MT), and Taiwan (22,900 MT). |
Comments and Performance Indicators | Export commitments are running 11.4% behind a year-ago, versus behind 12.1% last week. USDA projects exports in 2022-23 at 1.980 billion bu., down 8.0% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2022-23: 54,500 |
Expectations | 2022-23: 40,000-300,000 |
Weekly Sales Details | Net sales of 54,500 MT for 2022/2023 were down 63 percent from the previous week and from the prior 4-week average. Increases primarily for Colombia (9,700 MT, including 6,000 MT switched from Costa Rica and 1,000 MT switched from Ecuador), Venezuela (7,600 MT), Mexico (6,500 MT), Canada (6,500 MT, including decreases of 700 MT), and Guatemala (6,000 MT), were offset by reductions primarily for Trinidad and Tobago (3,800 MT) and Belgium (2,100 MT). Net sales of 118,100 MT for 2023/2024 were reported for Ecuador (96,000 MT), Canada (14,400 MT), Nicaragua (5,000 MT), and El Salvador (2,700 MT). |
Weekly Export Details fade lackluster | Exports of 232,500 MT were up 10 percent from the previous week, but down 12 percent from the prior 4-week average. The destinations were primarily to Vietnam (55,100 MT), Colombia (51,100 MT), the Philippines (23,700 MT), Mexico (23,200 MT), and Ecuador (22,300 MT). |
Comments and Performance Indicators | Export commitments are 4.7% ahead of a year-ago, compared to 4.3% ahead a week ago. USDA projects exports in 2022-23 will increase 3.4% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2022-23: 1,200 |
Expectations | 2022-23: 0-10,000 |
Weekly Sales Details | Net sales of 1,200 MT for 2022/2023 were down noticeably from the previous week and from the prior 4-week average. Increases were reported for Mexico (1,000 MT) and Canada (200 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 900 MT were down 18 percent from the previous week and 76 percent from the prior 4-week average. The destinations were to Mexico (500 MT) and Canada (400 MT). |
Comments and Performance Indicators | Export commitments are running 81.9% behind a year-ago, compared to 82.0% behind last week. USDA projects exports will decrease 77.4% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2022-23: 23,100 |
Weekly Sales Details | Net sales of 23,100 RB for 2022/2023 were down 79 percent from the previous week and 76 percent from the prior 4-week average. Increases primarily for Bangladesh (18,200 RB), Vietnam (5,600 RB, including 2,000 RB switched from South Korea and 900 RB switched from Japan), Honduras (3,200 RB), Taiwan (2,000 RB), and Turkey (1,900 RB), were offset by reductions for Pakistan (6,600 RB), South Korea (2,000 RB), China (1,800 RB), and El Salvador (700 RB). Net sales of 51,000 RB for 2023/2024 primarily for China (36,000 RB), Honduras (9,800 RB), Pakistan (2,500 RB), Bangladesh (2,200 RB), and Vietnam (1,300 RB), were offset by reductions for South Korea (1,300 RB). Exports of 208,300 RB were down 20 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to China (76,800 RB), Turkey (34,600 RB), Pakistan (27,300 RB), Bangladesh (18,800 RB), and Vietnam (15,000 RB). Net sales of Pima totaling 6,800 RB for 2022/2023 were up 87 percent from the previous week and up noticeably from the prior 4-week average. Increases reported for India (5,100 RB), Vietnam (3,500 RB), and Thailand (100 RB switched from Japan), were offset by reductions for Italy (1,800 RB) and Japan (100 RB). Net sales of 300 RB for 2023/2024 resulting in increases for India (2,500 RB), were offset by reductions for Italy (2,200 RB). |
Weekly Export Details | Exports of 1,400 RB were down 67 percent from the previous week and 76 percent from the prior 4-week average. The destinations were primarily to Honduras (500 RB), Guatemala (300 RB), Bangladesh (300 RB), and Japan (200 RB). |
Comments and Performance Indicators | Export commitments are running 11.1% behind a year-ago, versus 11.2% behind last week. USDA forecasts total cotton exports will fall 10.9% from a year ago to 13.00 million bales in 2022-23. |
Beef | |
Actual Sales (in MT) | 2023: 9,900 |
Weekly Sales Details | Net sales of 9,900 MT for 2023 were down 42 percent from the previous week and 28 percent from the prior 4-week average. Increases primarily for Japan (3,200 MT, including decreases of 300 MT), Taiwan (1,600 MT, including decreases of 100 MT), China (1,400 MT, including decreases of 100 MT), South Korea (1,200 MT, including decreases of 600 MT), and Mexico (1,100 MT, including decreases of 100 MT), were offset by reductions for the United Kingdom (100 MT). |
Weekly Export Details | Exports of 14,000 MT were down 21 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Japan (3,800 MT), South Korea (3,300 MT), China (2,400 MT), Mexico (1,300 MT), and Canada (1,100 MT). |
Comments and Performance Indicators | USDA projects 2023 exports will fall 8.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2023: 24,500 |
Weekly Sales Details | Net sales of 24,500 MT for 2023 were down 6 percent from the previous week and 9 percent from the prior 4-week average. Increases primarily for China (13,700 MT, including decreases of 100 MT), Japan (3,800 MT, including decreases of 200 MT), Mexico (3,600 MT, including decreases of 100 MT), South Korea (1,300 MT, including decreases of 600 MT), and Canada (600 MT, including decreases of 500 MT), were offset by reductions for Australia (400 MT). |
Weekly Export Details | Exports of 19,300 MT were down 46 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to Mexico (6,800 MT), Japan (2,600 MT), China (2,600 MT), Canada (1,600 MT), and South Korea (1,600 MT). |
Comments and Performance Indicators | USDA projects exports in 2023 will rise 2.6% from last year. |