USDA Weekly Export Sales Report Week Ended July 20, 2023 | |
Corn | |
Actual Sales (in MT) | 2022-23: 314,200 |
Expectations (in MT) | 2022-23: 100,000-500,000 |
Weekly Sales Details | Net sales of 314,200 MT for 2022/2023 were up 33 percent from the previous week and 15 percent from the prior 4-week average. Increases primarily for Mexico (161,100 MT), Japan (109,700 MT, including 45,900 MT switched from unknown destinations and decreases of 200 MT), Canada (70,900 MT), Venezuela (26,000 MT), and Honduras (12,100 MT, including 7,500 MT switched from El Salvador and decreases of 80,800 MT), were offset by reductions for unknown destinations (48,900 MT), El Salvador (14,500 MT), and Guatemala (6,100 MT). Net sales of 335,800 MT for 2023/2024 were reported for Canada (164,800 MT), Mexico (141,300 MT), Taiwan (20,200 MT), unknown destinations (9,000 MT), and Honduras (500 MT). |
Weekly Export Details | Exports of 411,400 MT were up 7 percent from the previous week, but down 25 percent from the prior 4-week average. The destinations were primarily to Mexico (175,900 MT), Guatemala (62,300 MT), Honduras (56,700 MT), Japan (56,200 MT, including 10,300 MT - late), and El Salvador (27,400 MT). Late Reporting: For 2022/2023, exports totaling 10,328 MT of corn were late to Japan. |
Comments and Performance Indicators | Export commitments are 33.9% behind a year-ago compared to 34.3% 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: 233,200 |
Expectations (in MT) | 2023-24: 150,000-400,000 |
Weekly Sales Details | Net sales of 233,200 metric tons (MT) for 2023/2024 were up 37 percent from the previous week, but down 17 percent from the prior 4-week average. Increases were primarily for the Philippines (72,400 MT, including 35,000 MT switched from unknown destinations, decreases of 500 MT, and 29,700 MT - late), Nigeria (28,100 MT), Honduras (25,800 MT), Malaysia (14,100 MT, including 12,200 MT switched from unknown destinations), and unknown destinations (13,000 MT). Late Reporting: For 2023/2024, new sales and exports totaling 29,700 MT of white wheat were reported late for the Philippines. |
Weekly Export Details | Exports of 395,100 MT were up 67 percent from the previous week and 46 percent from the prior 4-week average. The destinations were primarily to the Philippines (154,400 MT, including 29,700 - late), South Korea (78,000 MT), Mexico (50,200 MT), Honduras (30,000 MT), and Nigeria (28,100 MT). |
Comments and Performance Indicators | Export commitments are running 32.2% behind a year-ago, compared to 31.6% 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: 198,500 |
Expectations (in MT) | 2022-23: 50,000-400,000 |
Weekly Sales Details | Net sales of 198,500 MT for 2022/2023 were up noticeably from the previous week and up 73 percent from the prior 4-week average. Increases primarily for the Netherlands (110,300 MT, including 115,000 MT switched from unknown destinations and decreases of 6,900 MT), Germany (106,400 MT), China (43,300 MT), Indonesia (40,500 MT), and Mexico (22,500 MT, including decreases of 47,900 MT), were offset by reductions for unknown destinations (112,800 MT) and Egypt (63,000 MT). Net sales of 544,600 MT for 2023/2024 were primarily for China (275,000 MT), Mexico (70,300 MT), Egypt (63,000 MT), unknown destinations (57,500 MT), and Bangladesh (55,000 MT). |
Weekly Export Details | Exports of 379,600 MT were up noticeably from the previous week and up 74 percent from the prior 4-week average. The destinations were primarily to the Netherlands (110,300 MT), Germany (106,400 MT), Mexico (64,200 MT), Spain (55,000 MT), and Indonesia (15,500 MT). Late Reporting: For 2022/2023, new sales and exports totaling 4,669 MT of soybeans were reported late for Japan. |
Comments and Performance Indicators | Export commitments are running 11.4% behind a year-ago, versus behind 11.6% 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: 159,800 |
Expectations | 2022-23: 50,000-300,000 |
Weekly Sales Details | Net sales of 159,800 MT for 2022/2023 were down 41 percent from the previous week, but up 10 percent from the prior 4-week average. Increases primarily for the Dominican Republic (48,600 MT, including decreases of 15,600 MT), Mexico (42,600 MT), the United Kingdom (20,000 MT), Honduras (15,600 MT, including 5,000 MT switched from Nicaragua and decreases of 19,900 MT), and Canada (15,200 MT), were offset by reductions primarily for Guatemala (6,000 MT), Nicaragua (5,000 MT), and Costa Rica (1,100 MT). Net sales of 114,000 MT for 2023/2024 primarily for the Philippines (45,000 MT), Canada (39,000 MT), Japan (25,000 MT), Honduras (7,600 MT), and Indonesia (1,500 MT), were offset by reductions for Costa Rica (5,100 MT). |
Weekly Export Details fade lackluster | Exports of 291,700 MT were up 26 percent from the previous week and from the prior 4-week average. The destinations were primarily to the Dominican Republic (58,800 MT), the Philippines (51,300 MT), Mexico (30,200 MT), Ecuador (26,800 MT), and Colombia (25,900 MT). |
Comments and Performance Indicators | Export commitments are 7.2% ahead of a year-ago, compared to 6.0% 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: 2,100 |
Expectations | 2022-23: 0-10,000 |
Weekly Sales Details | Net sales of 2,100 MT for 2022/2023 were down noticeably from the previous week and from the prior 4-week average. Increases were reported for Mexico (1,500 MT) and Canada (600 MT). |
Weekly Export Details | Exports of 500 MT were down 52 percent from the previous week and 72 percent from the prior 4-week average. The primary destination was to Canada (200 MT). |
Comments and Performance Indicators | Export commitments are running 81.8% 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: (18,700) |
Weekly Sales Details | Net sales reductions of 18,700 RB for 2022/2023 were down noticeably from the previous week and from the prior 4-week average. Increases reported for China (2,700 RB) and Vietnam (2,600 RB, including 700 RB switched from South Korea and decreases of 300 RB), were more than offset by reductions primarily for Turkey (19,800 RB), Pakistan (1,200 RB), El Salvador (1,100 RB), South Korea (700 RB), and Mexico (400 RB). Net sales of 80,600 RB for 2023/2024 primarily for China (63,300 RB), Mexico (11,500 RB), Bangladesh (3,000 RB), Pakistan (2,600 RB), and Indonesia (2,200 RB), were offset by reductions for Turkey (5,300 RB) and Thailand (100 RB). |
Weekly Export Details | Exports of 197,800 RB were down 15 percent from the previous week and from the prior 4-week average. The destinations were primarily to China (96,400 RB), Turkey (15,300 RB), Vietnam (14,800 RB), Indonesia (13,900 RB), and Bangladesh (13,200 RB). Total net sales of Pima totaling 300 RB for 2022/2023 were down 95 percent from the previous week and from the prior 4-week average. Increases were for India. Net sales of 4,400 RB for 2023/2024 were primarily for China (2,200 RB), Hong Kong (900 RB), and India (800 RB). Exports of 2,100 RB were down 15 percent from the previous week and 64 percent from the prior 4-week average. The destinations were to Egypt (1,100 RB), India (600 RB), Japan (200 RB), and Colombia (200 RB). |
Comments and Performance Indicators | Export commitments are running 11.1% behind a year-ago, versus 11.0% 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: 21,400 |
Weekly Sales Details | Net sales of 21,400 MT for 2023 were up 2 percent from the previous week and 43 percent from the prior 4-week average. Increases were primarily for South Korea (7,400 MT, including decreases of 500 MT), Japan (5,500 MT, including decreases of 700 MT), China (2,800 MT, including decreases of 200 MT), Mexico (1,700 MT, including decreases of 100 MT), and Canada (1,200 MT, including decreases of 300 MT). Total net sales of 200 MT for 2024 were for Japan. |
Weekly Export Details | Exports of 16,100 MT were down 1 percent from the previous week, but up 2 percent from the prior 4-week average. The destinations were primarily to Japan (4,200 MT), South Korea (3,400 MT), China (2,400 MT), Mexico (1,600 MT), and Canada (1,500 MT). |
Comments and Performance Indicators | USDA projects 2023 exports will fall 8.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2023: 25,500 |
Weekly Sales Details | Net sales of 25,500 MT for 2023 were up 33 percent from the previous week and 6 percent from the prior 4-week average. Increases primarily for Mexico (17,900 MT, including decreases of 400 MT), Japan (2,600 MT, including decreases of 400 MT), Canada (1,100 MT, including decreases of 500 MT), Colombia (1,100 MT), and the Dominican Republic (800 MT, including decreases of 100 MT), were offset by reductions for Nicaragua (100 MT). |
Weekly Export Details | Exports of 23,800 MT were down 6 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Mexico (8,300 MT), China (4,200 MT), Japan (3,700 MT), Canada (1,900 MT), and South Korea (1,400 MT). |
Comments and Performance Indicators | USDA projects exports in 2023 will rise 2.6% from last year. |