USDA Weekly Export Sales Report Week Ended April 13, 2023 | |
Corn | |
Actual Sales (in MT) | 2022-23: 312,400 |
Expectations (in MT) | 2022-23: 575,000-850,000 |
Weekly Sales Details | Net sales of 312,400 MT for 2022/2023 were down 41 percent from the previous week and 79 percent from the prior 4-week average. Increases primarily for China (420,000 MT, including decreases of 17,400 MT), Saudi Arabia (73,200 MT, including 70,000 MT switched from unknown destinations), Colombia (71,500 MT, including 60,300 MT switched from unknown destinations), Iraq (44,100 MT, including 42,000 MT switched from unknown destinations), and Japan (35,500 MT, including 38,500 MT switched from unknown destinations and decreases of 9,100 MT), were offset by reductions for unknown destinations (291,800 MT), Mexico (121,200 MT), El Salvador (3,700 MT), Guatemala (1,900 MT), and Costa Rica (1,800 MT). Net sales of 422,000 MT for 2023/2024 were reported for China (272,000 MT) and Mexico (150,000 MT). |
Weekly Export Details | Exports of 1,298,500 MT were up 42 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to Mexico (410,800 MT), Japan (267,600 MT), Colombia (122,400 MT), Peru (104,700 MT), and China (77,800 MT). |
Comments and Performance Indicators | Export commitments are 32.8% behind a year-ago compared to 32.3% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2022-23: 259,000 |
Expectations (in MT) | 2022-23: 0-300,000 |
Weekly Sales Details | Net sales of 259,000 metric tons (MT) for 2022/2023 were up 91 percent from the previous week and 93 percent from the prior 4-week average. Increases primarily for South Korea (83,000 MT), Taiwan (52,900 MT), the Philippines (38,000 MT), Venezuela (35,000 MT), and unknown destinations (16,900 MT), were offset by reductions for Honduras (7,000 MT), Belize (5,600 MT), and Mexico (1,100 MT). Net sales of 46,100 MT for 2023/2024 were primarily for Mexico (10,000 MT), Honduras (10,000 MT), Colombia (7,500 MT), Japan (7,000 MT), and El Salvador (6,000 MT). |
Weekly Export Details | Exports of 202,800 MT were down 28 percent from the previous week and 29 percent from the prior 4-week average. The destinations were primarily to Mexico (59,000 MT), Thailand (56,600 MT), Panama (27,300 MT), Nigeria (26,400 MT), and Colombia (13,300 MT). |
Comments and Performance Indicators | Export commitments are running 3.8% behind a year-ago, compared to 5.0% 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: 100,100 |
Expectations (in MT) | 2022-23: 250,000-425,000 |
Weekly Sales Details | Net sales of 100,100 MT for 2022/2023 were down 73 percent from the previous week and 58 percent from the prior 4-week average. Increases primarily for the Netherlands (128,300 MT, including 126,000 MT switched from unknown destinations and decreases of 1,300 MT), Mexico (45,900 MT, including decreases of 200 MT), China (35,100 MT, including decreases of 200 MT), Indonesia (28,400 MT, including decreases of 1,000 MT), and Japan (25,200 MT, including 9,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (197,000 MT). Net sales of 2,900 MT for 2023/2024 were reported for Taiwan (2,000 MT) and Japan (900 MT). |
Weekly Export Details | Exports of 582,800 MT were down 15 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to China (296,700 MT), the Netherlands (128,300 MT), Mexico (74,700 MT), Canada (28,100 MT), and Indonesia (21,800 MT). |
Comments and Performance Indicators | Export commitments are running 1.8% behind a year-ago, versus behind 11.2% last week. USDA projects exports in 2022-23 at 2.015 billion bu., down 6.6% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2022-23: 144,500 |
Expectations | 2022-23: 140,000-300,000 |
Weekly Sales Details | Net sales of 144,500 MT for 2022/2023 were down 43 percent from the previous week and 42 percent from the prior 4-week average. Increases primarily for the Philippines (46,200 MT), Tunisia (30,000 MT), Canada (20,100 MT, including decreases of 11,400 MT), Venezuela (18,000 MT), and Spain (10,500 MT switched from Poland), were offset by reductions for Poland (6,000 MT), Burma (1,400 MT), and Japan (800 MT). |
Weekly Export Details | Exports of 239,600 MT were up 21 percent from the previous week, but down 11 percent from the prior 4-week average. The destinations were primarily to the Philippines (51,500 MT), Poland (39,000 MT), Mexico (31,700 MT), Colombia (27,500 MT), and Guatemala (25,300 MT). |
Comments and Performance Indicators | Export commitments are 0.4% behind a year-ago, compared to 1.4% 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: 200 |
Expectations | 2022-23: 0-10,000 |
Weekly Sales Details | Net sales of 200 MT for 2022/2023 were down noticeably from the previous week and down 98 percent from the prior 4-week average. Increases were reported for Canada (100 MT, including decreases of 100 MT) and Mexico (100 MT). |
Weekly Export Details | Exports of 600 MT were down 65 percent from the previous week and 29 percent from the prior 4-week average. The destinations were to Canada (500 MT) and Mexico (100 MT). |
Comments and Performance Indicators | Export commitments are running 84.0% behind a year-ago, compared to 84.0% behind last week. USDA projects exports will decrease 71.8% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2022-23: 62,100 |
Weekly Sales Details | Net sales of 62,100 RB for 2022/2023 were down 57 percent from the previous week and 72 percent from the prior 4-week average. Increases primarily for Bangladesh (27,700 RB), Pakistan (18,200 RB, including decreases of 4,800 RB), China (9,500 RB, including 1,900 RB switched from Singapore and decreases of 6,600 RB), Vietnam (5,900 RB, including 1,400 RB switched from South Korea, 200 RB switched from Taiwan, and decreases of 3,100 RB), and Indonesia (4,600 RB), were offset by reductions for South Korea (9,200 RB) and Singapore (1,900 RB). Net sales of 38,000 RB for 2023/2024 were primarily for Pakistan (12,300 RB), Mexico (10,400 RB), Turkey (7,500 RB), Vietnam (3,100 RB), and Indonesia (2,200 RB). Exports of 289,800 RB were down 13 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to Vietnam (72,200 RB), China (64,100 RB), Turkey (51,700 RB), Pakistan (38,600 RB), and Indonesia (15,800 RB). Net sales of Pima totaling 25,200 RB for 2022/2023 were down 22 percent from the previous week, but up 48 percent from the prior 4-week average. Increases were primarily for China (10,800 RB), India (10,000 RB, including decreases of 1,700 RB), Vietnam (3,000 RB), Indonesia (700 RB), and Bangladesh (400 RB). |
Weekly Export Details | Exports of 16,800 RB--a marketing-year high--were up 90 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to Vietnam (5,200 RB), India (3,500 RB), China (2,900 RB), Peru (1,300 RB), and Egypt (1,300 RB). |
Comments and Performance Indicators | Export commitments are running 17.7% behind a year-ago, versus 17.8% behind last week. USDA forecasts total cotton exports will fall 16.6% from a year ago to 12.20 million bales in 2022-23. |
Beef | |
Actual Sales (in MT) | 2023: 19,100 |
Weekly Sales Details | Net sales of 19,100 MT for 2023 were up noticeably from the previous week and up 47 percent from the prior 4-week average. Increases were primarily for South Korea (5,500 MT, including decreases of 400 MT), Japan (4,200 MT, including decreases of 300 MT), Mexico (2,800 MT), Taiwan (2,200 MT, including decreases of 100 MT), and China (2,100 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 16,000 MT were up 1 percent from the previous week and from the prior 4-week average. The destinations were primarily to South Korea (4,500 MT), Japan (3,700 MT), China (2,400 MT), Mexico (1,400 MT), and Taiwan (1,200 MT). |
Comments and Performance Indicators | USDA projects 2022 exports will fall 11.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2023: 36,100 |
Weekly Sales Details | Net sales of 36,100 MT for 2023 were up 33 percent from the previous week, but down 3 percent from the prior 4-week average. Increases primarily for Mexico (13,100 MT, including decreases of 200 MT), Japan (4,600 MT, including decreases of 300 MT), Australia (4,200 MT), South Korea (3,500 MT, including decreases of 300 MT), and Colombia (3,000 MT), were offset by reductions for Nicaragua (400 MT). |
Weekly Export Details | Exports of 34,100 MT were down 8 percent from the previous week, but up 4 percent from the prior 4-week average. The destinations were primarily to Mexico (13,600 MT), China (5,500 MT), Japan (3,500 MT), South Korea (3,300 MT), and Canada (1,400 MT). |
Comments and Performance Indicators | USDA projects exports in 2023 will rise 0.6% from last year. |