USDA Weekly Export Sales Report Week Ended Dec. 9, 2021 | |
Corn | |
Actual Sales (in MT) | 2021-22: 1,948,700 |
Expectations (in MT) | 2021-22: 1,200,000-2,000,000 |
Weekly Sales Details | Net sales of 1,948,700 MT for 2021/2022--a marketing-year high--were up 72 percent from the previous week and 74 percent from the prior 4-week average. Increases were primarily for Mexico (1,289,100 MT, including decreases of 8,500 MT), Canada (272,600 MT, including decreases of 500 MT), unknown destinations (141,900 MT), Japan (55,700 MT, including 60,700 MT switched from unknown destinations and decreases of 66,700 MT), and Venezuela (47,300 MT, including 7,300 MT switched from unknown destinations). Total net sales of 754,400 MT for 2022/2023 were for Mexico. |
Weekly Export Details | Exports of 1,093,500 MT were up 21 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Mexico (317,000 MT, including 28,300 MT - late), China (274,800 MT), Japan (192,700 MT), Canada (158,600 MT), and Colombia (131,400 MT). |
Comments and Performance Indicators | Export commitments are 7% behind year-ago, versus 8% 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: 650,600 |
Expectations (in MT) | 2021-22: 200,000-400,000 |
Weekly Sales Details | Net sales of 650,600 metric tons (MT) for 2021/2022--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Mexico (170,000 MT, including decreases of 1,000 MT), Japan (162,500 MT), Peru (105,000 MT), South Korea (75,000 MT), and the Philippines (72,100 MT), were offset by reductions for unknown destinations (22,100 MT). |
Weekly Export Details | Exports of 274,400 MT were up 29 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to Japan (78,500 MT), Mexico (52,800 MT), Nigeria (52,500 MT), Taiwan (28,500 MT), and Venezuela (24,300 MT). |
Comments and Performance Indicators | Export commitments are 22% behind year-ago, compared with 23% behind 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: 1,308,600 |
Expectations (in MT) | 2021-22: 1,100,000-1,775,000 |
Weekly Sales Details | Net sales of 1,308,600 MT for 2021/2022 were down 20 percent from the previous week and 6 percent from the prior 4-week average. Increases primarily for China (985,800 MT, including 402,000 MT switched from unknown destinations and decreases of 6,000 MT), Spain (80,000 MT switched from unknown destinations), Mexico (77,700 MT, including decreases of 3,400 MT), Thailand (70,900 MT, including 66,000 MT switched from unknown destinations), and Egypt (67,900 MT, including decreases of 4,200 MT), were offset by reductions primarily for unknown destinations (387,500 MT). Total net sales of 140,000 MT for 2022/2023 were for unknown destinations. |
Weekly Export Details | Exports of 1,918,200 MT were down 21 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to China (1,037,700 MT), Egypt (225,900 MT), Mexico (137,900 MT), Spain (80,000 MT), and Thailand (76,500 MT). |
Comments and Performance Indicators | Export commitments are 25% behind year-ago, which compares to 27% behind a week ago. USDA projects exports in 2021-22 at 2.050 billion bu., down 9.5% from year-ago. |
Soymeal | |
Actual Sales (in MT) | 2021-22: 95,600 |
Expectations | 2021-22: 100,000-250,000 |
Weekly Sales Details | Net sales of 95,600 MT for 2021/2022--a marketing-year low--were down 53 percent from the previous week and 43 percent from the prior 4-week average. Increases primarily for Thailand (50,000 MT switched from unknown destinations), Colombia (39,100 MT), Morocco (35,000 MT), the Philippines (24,800 MT, including decreases of 1,000 MT), and Mexico (15,400 MT), were offset by reductions primarily for unknown destinations (61,900 MT) and Ecuador (56,000 MT). Net sales of 200 MT for 2022/2023 resulting in increases for Japan (300 MT), were offset by reductions for Canada (100 MT). |
Weekly Export Details | Exports of 189,300 MT were down 38 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to the Philippines (51,100 MT), Mexico (39,000 MT), Canada (37,600 MT), Colombia (17,600 MT), and the Dominican Republic (9,600 MT). |
Comments and Performance Indicators | Export commitments are running 4% ahead of year-ago, compared with 7% 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: 10,600 |
Expectations | 2021-22: 0-25,000 |
Weekly Sales Details | Net sales of 10,600 MT for 2021/2022 were up 99 percent from the previous week, but down 74 percent from the prior 4-week average. Increases primarily for Venezuela (3,000 MT), South Korea (3,000 MT), and Colombia (3,000 MT), were offset by reductions for Canada (1,800 MT). |
Weekly Export Details | Exports of 10,600 MT were down 67 percent from the previous week and 56 percent from the prior 4-week average. The destinations were to the Dominican Republic (4,100 MT), Jamaica (3,500 MT), Mexico (2,500 MT), and Canada (500 MT). |
Comments and Performance Indicators | Export commitments are running 21% behind last year compared with 23% behind last week. USDA projects exports will fall 27.5% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2021-22: 286,400 |
Weekly Sales Details | Net sales of 286,400 RB for 2021/2022 were down 25 percent from the previous week, but up 5 percent from the prior 4-week average. Increases were primarily for China (101,700 RB, including 4,400 RB switched from Vietnam), Pakistan (52,200 RB), Bangladesh (35,900 RB, including decreases of 100 RB), Turkey (22,000 RB, including 4,400 RB switched from Vietnam and decreases of 2,200 RB), and Vietnam (21,700 RB, including 900 RB switched from South Korea). Net sales of 56,300 RB for 2022/2023 were reported for Bangladesh (22,000 RB), Turkey (13,200 RB), Pakistan (11,000 RB), China (6,600 RB), and Mexico (3,500 RB). |
Weekly Export Details | Exports of 131,500 RB were up 15 percent from the previous week and 46 percent from the prior 4-week average. The destinations were primarily to China (41,100 RB), Vietnam (22,900 RB), Mexico (20,300 RB), Turkey (14,000 RB), and Pakistan (6,000 RB). Net sales of Pima totaling 700 RB--a marketing-year low--were down 90 percent from the previous week and 95 percent from the prior 4-week average. Increases primarily for Egypt (900 RB), Thailand (400 RB), unknown destinations (400 RB), and Honduras (200 RB), were offset by reductions for Pakistan (1,300 RB). Exports of 8,500 RB were down 3 percent from the previous week, but up 42 percent from the prior 4-week average. The destinations were primarily to Peru (3,500 RB), India (2,200 RB), Turkey (1,100 RB), China (900 RB), and Bahrain (300 RB). |
Comments and Performance Indicators | Export commitments are 6% behind year-ago, compared with 5% 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: 17,100 |
Weekly Sales Details | Net sales of 17,100 MT for 2021 were up noticeably from the previous week, but down 3 percent from the prior 4-week average. Increases primarily for Japan (4,700 MT, including decreases of 300 MT), South Korea (4,500 MT, including decreases of 600 MT), China (3,700 MT, including decreases of 100 MT), Canada (1,400 MT, including decreases of 100 MT), and Taiwan (800 MT, including decreases of 300 MT), were offset by reductions for Vietnam (200 MT). Net sales of 5,700 MT for 2022 were primarily for China (1,500 MT), South Korea (1,400 MT), Japan (1,000 MT), and Mexico (900 MT). |
Weekly Export Details | Exports of 18,500 MT were up 11 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to South Korea (5,200 MT), Japan (4,400 MT), China (3,000 MT), Canada (1,700 MT), and Taiwan (1,600 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: 31,100 |
Weekly Sales Details | Net sales of 31,100 MT for 2021 were up 58 percent from the previous week and 20 percent from the prior 4-week average. Increases primarily for Mexico (22,700 MT, including decreases of 600 MT), Canada (2,700 MT, including decreases of 400 MT), Japan (2,100 MT, including decreases of 500 MT), South Korea (1,800 MT, including decreases of 1,100 MT), and Colombia (1,300 MT, including decreases of 400 MT), were offset by reductions for China (700 MT), Australia (600 MT), and Nicaragua (200 MT). Net sales of 5,800 MT for 2022 were primarily for Mexico (2,500 MT), Japan (800 MT), China (700 MT), Australia (500 MT), and Colombia (500 MT). |
Weekly Export Details | Exports of 30,100 MT were down 10 percent from the previous week and from the prior 4-week average. The destinations were primarily to Mexico (14,500 MT), China (4,200 MT), Japan (3,200 MT), South Korea (2,800 MT), and Canada (1,700 MT). |
Comments and Performance Indicators | USDA projects exports in 2021 will drop 1.6% from last year. |
Weekly corn, wheat export sales hit marketing-year high
Weekly corn and wheat export sales hit marketing year high
