USDA Weekly Export Sales Report Week Ended July 27, 2023 | |
Corn | |
Actual Sales (in MT) | 2022-23: 107,500 |
Expectations (in MT) | 2022-23: 150,000-500,000 |
Weekly Sales Details | Net sales of 107,500 MT for 2022/2023 were down 66 percent from the previous week and from the prior 4-week average. Increases primarily for Japan (140,000 MT, including 93,100 MT switched from unknown destinations, decreases of 8,100 MT, and 49,000 MT - late), Egypt (38,000 MT), Jamaica (19,600 MT), Mexico (17,600 MT, including decreases of 70,700 MT), and Nicaragua (15,600 MT, including 7,500 MT switched from El Salvador and 7,500 MT switched from Honduras), were offset by reductions primarily for unknown destinations (106,700 MT), Canada (21,000 MT), Israel (9,000 MT), Honduras (8,000 MT), and the Dominican Republic (2,600 MT). Net sales of 348,900 MT for 2023/2024 were primarily for Honduras (79,600 MT), Mexico (67,400 MT), Canada (65,800 MT), Japan (56,000 MT), and unknown destinations (52,300 MT). |
Weekly Export Details | Exports of 626,200 MT were up 52 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to Mexico (371,300 MT), Japan (142,000 MT, including 49,000 MT - late), Canada (25,800 MT), Nicaragua (15,600 MT), and Honduras (15,300 MT). |
Comments and Performance Indicators | Export commitments are 33.8% behind a year-ago compared to 33.9% 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: 421,300 |
Expectations (in MT) | 2023-24: 200,000-500,000 |
Weekly Sales Details | Net sales of 421,300 metric tons (MT) for 2023/2024 were up 81 percent from the previous week and 40 percent from the prior 4-week average. Increases primarily for China (138,500 MT, including 136,000 MT switched from unknown destinations), Mexico (125,100 MT, including decreases of 6,000 MT), the Philippines (120,900 MT, including decreases of 700 MT), Taiwan (108,300 MT), and Panama (41,600 MT), were offset by reductions primarily for unknown destinations (116,000 MT), South Korea (24,000 MT), Nigeria (24,000 MT), Guatemala (6,300 MT), and the Dominican Republic (3,000 MT). Net sales of 13,400 MT for 2024/2025 were reported for Mexico (7,000 MT) and Panama (6,400 MT). |
Weekly Export Details | Exports of 507,400 MT were up 28 percent from the previous week and 54 percent from the prior 4-week average. The destinations were primarily to China (141,700 MT), Mexico (105,200 MT), the Philippines (45,900 MT), Vietnam (42,300 MT), and Japan (34,200 MT). |
Comments and Performance Indicators | Export commitments are running 29.2% behind a year-ago, compared to 32.2% 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: 90,600 |
Expectations (in MT) | 2022-23: 50,000-400,000 |
Weekly Sales Details | Net sales of 90,600 MT for 2022/2023 were down 54 percent from the previous week and 16 percent from the prior 4-week average. Increases primarily for the Netherlands (56,500 MT, including 62,000 MT switched from unknown destinations and decreases of 5,500 MT), Mexico (23,500 MT, including decreases of 2,100 MT), Indonesia (13,800 MT, including decreases of 5,200 MT), Spain (5,500 MT), and China (4,900 MT, including decreases of 100 MT), were offset by reductions for Japan (21,700 MT), unknown destinations (7,800 MT), and South Korea (200 MT). Net sales of 2,630,700 MT for 2023/2024 primarily for unknown destinations (1,574,000 MT), China (859,000 MT), Mexico (166,500 MT), Indonesia (13,500 MT), and Taiwan (10,500 MT), were offset by reductions for Japan (300 MT). |
Weekly Export Details | Exports of 344,900 MT were down 9 percent from the previous week, but up 30 percent from the prior 4-week average. The destinations were primarily to Mexico (69,500 MT), Japan (66,300 MT), Spain (60,500 MT), the Netherlands (56,500 MT), and Egypt (33,000 MT). |
Comments and Performance Indicators | Export commitments are running 11.2% behind a year-ago, versus behind 11.4% 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: 163,600 |
Expectations | 2022-23: 75,000-300,000 |
Weekly Sales Details | Net sales of 163,600 MT for 2022/2023 were up 2 percent from the previous week and 3 percent from the prior 4-week average. Increases primarily for the Philippines (44,400 MT), Colombia (27,900 MT, including decreases of 7,200 MT), Venezuela (20,700 MT, including decreases of 4,300 MT), Canada (16,600 MT, including decreases of 1,100 MT), and Ireland (14,800 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (9,800 MT), Costa Rica (6,000 MT), and El Salvador (4,100 MT). Net sales of 183,300 MT for 2023/2024 were primarily for the Dominican Republic (51,300 MT), unknown destinations (45,600 MT), the Philippines (42,000 MT), Honduras (24,300 MT), and Canada (9,100 MT). |
Weekly Export Details fade lackluster | Exports of 216,200 MT were down 26 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Mexico (45,400 MT), Guatemala (31,500 MT), the United Kingdom (29,500 MT), Colombia (25,300 MT), and Canada (20,900 MT). |
Comments and Performance Indicators | Export commitments are 6.9% ahead of a year-ago, compared to 7.2% 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: 2,200 |
Expectations | 2022-23: 0-10,000 |
Weekly Sales Details | Net sales of 2,200 MT for 2022/2023 were up 4 percent from the previous week, but down noticeably from the prior 4-week average. Increases were reported for Canada (1,200 MT) and Mexico (1,000 MT). Total net sales of 2,200 MT for 2023/2024 were for Canada. |
Weekly Export Details | Exports of 10,700 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were to Mexico (6,600 MT), Jamaica (3,500 MT), and Canada (500 MT). |
Comments and Performance Indicators | Export commitments are running 81.5% behind a year-ago, compared to 81.8% behind last week. USDA projects exports will decrease 77.4% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: (9,900) |
Weekly Sales Details | Net sales reductions of 9,900 RB for 2022/2023 were down 47 percent from the previous week and down noticeably from the prior 4-week average. Increases primarily for Japan (1,100 RB, including decreases of 200 RB), Honduras (500 RB), Vietnam (400 RB), Mexico (100 RB), and Indonesia (100 RB switched from Japan), were more than offset by reductions for China (6,000 RB), Pakistan (3,700 RB), Turkey (2,200 RB), and Taiwan (300 RB). Net sales of 33,900 RB for 2023/2024 primarily for China (18,300 RB), Mexico (17,200 RB), Turkey (9,600 RB), Vietnam (6,200 RB), and Taiwan (4,100 RB), were offset by reductions for Pakistan (22,600 RB), Thailand (1,800 RB), Honduras (400 RB), and Guatemala (200 RB). |
Weekly Export Details | Exports of 194,600 RB were down 2 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to China (88,000 RB), Turkey (31,300 RB), Pakistan (17,200 RB), Bangladesh (13,800 RB), and Mexico (13,000 RB). No net sales were reported for 2022/2023. Net sales of Pima totaling 1,700 RB for 2023/2024 reported for India (700 RB), Italy (600 RB), Vietnam (400 RB), and El Salvador (100 RB), were offset by reductions for Hong Kong (100 RB). Exports of 1,200 RB were down 41 percent from the previous week and 52 percent from the prior 4-week average. The destinations were primarily to India (400 RB), Pakistan (300 RB), and Bangladesh (300 RB). |
Comments and Performance Indicators | Export commitments are running 10.5% behind a year-ago, versus 11.0% behind last week. USDA forecasts total cotton exports will fall 10.9% from a year ago to 12.90 million bales in 2022-23. |
Beef | |
Actual Sales (in MT) | 2023: 12,400 |
Weekly Sales Details | Net sales of 12,400 MT for 2023 were down 42 percent from the previous week and 28 percent from the prior 4-week average. Increases primarily for South Korea (3,900 MT, including decreases of 400 MT), Japan (3,400 MT, including decreases of 700 MT), Canada (2,500 MT, including decreases of 100 MT), Mexico (1,300 MT, including decreases of 100 MT), and China (900 MT, including decreases of 200 MT), were offset by reductions for Taiwan (900 MT). Total net sales of 200 MT for 2024 were for Japan. |
Weekly Export Details | Exports of 17,200 MT were up 7 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to South Korea (4,900 MT), Japan (4,000 MT), China (2,400 MT), Mexico (1,700 MT), and Taiwan (1,300 MT). |
Comments and Performance Indicators | USDA projects 2023 exports will fall 8.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2023: 17,800 |
Weekly Sales Details | Net sales of 17,800 MT for 2023 were down 30 percent from the previous week and 25 percent from the prior 4-week average. Increases primarily for Mexico (7,300 MT, including decreases of 300 MT), Japan (2,800 MT, including decreases of 200 MT), Canada (2,300 MT, including decreases of 400 MT), Colombia (1,900 MT, including decreases of 100 MT), and South Korea (1,200 MT, including decreases of 400 MT), were offset by reductions for the Dominican Republic (100 MT). |
Weekly Export Details | Exports of 27,100 MT were up 14 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Mexico (12,300 MT), China (4,500 MT), Japan (3,000 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. |