USDA Weekly Export Sales Report Week Ended Dec. 15, 2022 | |
Corn | |
Actual Sales (in MT) | 2022-23: 636,800 |
Expectations (in MT) | 2022-23: 625,000-900,000 |
Weekly Sales Details | Net sales of 636,800 MT for 2022/2023 primarily for Mexico (484,300 MT, including decreases of 15,400 MT), Japan (42,900 MT, including 19,300 MT switched from unknown destinations and decreases of 600 MT), El Salvador (40,700 MT, including 7,000 MT switched from Guatemala), Honduras (24,100 MT, including decreases of 700 MT), and Taiwan (20,000 MT), were offset by reductions primarily for unknown destinations (16,300 MT), Guatemala (7,000 MT), and the Dominican Republic (4,000 MT). |
Weekly Export Details | Exports of 958,700 MT were primarily to China (415,300 MT), Mexico (359,700 MT), Japan (88,200 MT), Colombia (52,900 MT), and Nicaragua (15,500 MT). |
Comments and Performance Indicators | Export commitments are 47.7% behind a year-ago compared to 48.0% behind last week. USDA projects exports in 2022-23 at 2.075 billion bu., 16% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2022-23: 334,200 |
Expectations (in MT) | 2022-23: 200,000-500,000 |
Weekly Sales Details | Net sales of 334,200 metric tons (MT) for 2022/2023 primarily for unknown destinations (86,000 MT), Japan (65,900 MT, including the decreases of 900 MT), Thailand (55,000 MT), Mexico (34,100 MT, including decreases of 100 MT), and the Philippines (29,000 MT), were offset by reductions primarily for the Dominican Republic (17,000 MT). |
Weekly Export Details | Exports of 235,300 MT were primarily to South Korea (90,600 MT), Japan (65,800 MT), Mexico (39,800 MT), Honduras (20,000 MT), and Trinidad and Tobago (18,700 MT). |
Comments and Performance Indicators | Export commitments are running 7.6% behind a year-ago, compared to 7.2% 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: 736,000 |
Expectations (in MT) | 2022-23: 800,000-1,250,000 |
Weekly Sales Details | Net sales of 736,000 MT for 2022/2023 primarily for China (550,700 MT, including 252,000 MT switched from unknown destinations and decreases of 9,700 MT), Spain (83,100 MT, including 71,000 MT switched from unknown destinations), unknown destinations (35,300 MT), Japan (33,100 MT, including 30,000 MT switched from unknown destinations and decreases of 1,900 MT), and Mexico (14,300 MT, including decreases of 80,800 MT), were offset by reductions for Portugal (15,800 MT), Colombia (2,100 MT), and Israel (2,000 MT). Total net sales of 140,000 MT for 2023/2024 were for unknown destinations. |
Weekly Export Details | Exports of 1,989,500 MT were primarily to China (1,480,400 MT), Mexico (177,100 MT), Spain (149,100 MT), Japan (66,300 MT), and Israel (27,500 MT). |
Comments and Performance Indicators | Export commitments are running 4.1% ahead of a year-ago, versus 4.4% 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: 311,400 |
Expectations | 2022-23: 150,000-300,000 |
Weekly Sales Details | Net sales of 311,400 MT for 2022/2023 primarily for Venezuela (56,300 MT, including 20,000 MT switched from unknown destinations and decreases of 600 MT), Mexico (37,800 MT), Ecuador (36,000 MT), Canada (33,800 MT, including decreases of 300 MT), and the United Kingdom (30,000 MT), were offset by reductions primarily for Denmark (15,000 MT) and El Salvador (5,300 MT). |
Weekly Export Details | Exports of 335,900 MT were primarily to Vietnam (54,000 MT), the Philippines (49,100 MT), Chile (48,000 MT), Venezuela (34,800 MT), and Mexico (33,200 MT). |
Comments and Performance Indicators | Export commitments are 2.8% behind year-ago, compared to 3.2% behind a week ago. USDA projects exports in 2022-23 will increase 1.3% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2022-23: 800 |
Expectations | 2022-23: 0-10,000 |
Weekly Sales Details | Total net sales of 800 MT for 2022/2023 were for Canada. |
Weekly Export Details | Exports of 600 MT were to Canada. |
Comments and Performance Indicators | Export commitments are running 92.7% behind a year-ago, compared to 90.5% behind last week. USDA projects exports will decrease 38% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2022-23: (87,800) |
Weekly Sales Details | Net sales reductions of 87,800 RB for 2022/2023 resulting in increases for Vietnam (37,200 RB, including 3,500 RB switched from Taiwan, 1,300 RB switched from China, and 300 RB switched from Japan), India (9,000 RB), Pakistan (6,800 RB), Japan (5,900 RB), and Indonesia (5,600 RB, including 200 RB switched from Japan), were more than offset by reductions primarily for China (144,400 RB). Net sales of 1,000 RB for 2023/2024 were reported for Bangladesh (600 RB) and Mexico (400 RB). Exports of 110,400 RB were primarily to China (29,900 RB), Pakistan (28,200 RB), Mexico (11,900 RB), Guatemala (6,600 RB), and Bangladesh (6,500 RB). Net sales of Pima totaling 1,500 RB were reported for Vietnam (900 RB), Thailand (400 RB), China (100 RB), and Japan (100 RB). |
Weekly Export Details | Exports of 8,100 RB were primarily to India (3,500 RB), Peru (1,700 RB), China (1,000 RB), Egypt (900 RB), and Vietnam (400 RB). |
Comments and Performance Indicators | Export commitments are running 15.5% behind a year-ago, versus 12.6% behind ahead last week. USDA forecasts total cotton exports will fall 16.2% from a year ago to 12.25 million bales in 2022-23. |
Beef | |
Actual Sales (in MT) | 2022: 4,500 |
Weekly Sales Details | Net sales of 4,500 MT for 2022 primarily for Japan (3,500 MT, including decreases of 400 MT), South Korea (600 MT, including decreases of 1,200 MT), Mexico (500 MT, including decreases of 200 MT), Guatemala (100 MT), and Singapore (100 MT), were offset by reductions primarily for Hong Kong (400 MT) and the Philippines (200 MT). Net sales of 7,200 MT for 2023 were primarily for Japan (2,600 MT), China (2,000 MT), Mexico (800 MT), Hong Kong (700 MT), and Taiwan (500 MT). |
Weekly Export Details | Exports of 17,700 MT were primarily to South Korea (5,400 MT), Japan (5,300 MT), Mexico (1,900 MT), China (1,700 MT), and Canada (1,100 MT). |
Comments and Performance Indicators | USDA projects 2022 exports will rise 3.5% from a year ago. |
Pork | |
Actual Sales (in MT) | 2022: 58,700 |
Weekly Sales Details | Net sales of 58,700 MT for 2022 primarily for Mexico (33,400 MT, including decreases of 300 MT), Japan (9,900 MT, including decreases of 700 MT), Canada (4,600 MT, including decreases of 300 MT), Australia (4,000 MT), and South Korea (3,200 MT, including decreases of 1,200 MT), were offset by reductions for China (2,100 MT). Net sales of 16,100 MT for 2023 were primarily for China (4,800 MT), South Korea (3,200 MT), Mexico (2,500 MT), Japan (2,200 MT), and Canada (1,200 MT). |
Weekly Export Details | Exports of 32,400 MT were primarily to Mexico (15,700 MT), China (4,200 MT), Japan (3,900 MT), South Korea (2,700 MT), and Canada (1,600 MT). |
Comments and Performance Indicators | USDA projects exports in 2022 will decrease 9.8% from last year. |
Weekly cotton sales show huge net reductions
Export sales data for week ended Dec. 15 showed soybeans falling short of expectations by 64,000 MT, with corn and wheat both low range. Cotton export sales reflected a nearly 90,000 RB net reduction for the week.
