USDA Weekly Export Sales Report Week Ended July 13, 2023 | |
Corn | |
Actual Sales (in MT) | 2022-23: 236,800 |
Expectations (in MT) | 2022-23: 200,000-500,000 |
Weekly Sales Details | Net sales of 236,800 MT for 2022/2023 were down 49 percent from the previous week, but up 6 percent from the prior 4-week average. Increases primarily for Colombia (110,400 MT, including 25,000 MT switched from unknown destinations and decreases of 600 MT), unknown destinations (58,800 MT), Japan (53,700 MT, including 38,400 MT switched from unknown destinations), Honduras (17,900 MT, including decreases of 18,600 MT), and Ireland (15,000 MT), were offset by reductions for Mexico (15,300 MT), the Dominican Republic (10,000 MT), the Netherlands (3,800 MT), Canada (400 MT), and Panama (200 MT). Net sales of 491,600 MT for 2023/2024 were primarily for Mexico (386,500 MT), Canada (55,400 MT), Panama (17,000 MT), Honduras (10,700 MT), and Taiwan (9,900 MT). |
Weekly Export Details | Exports of 383,800 MT were down 22 percent from the previous week and 38 percent from the prior 4-week average. The destinations were primarily to Mexico (210,100 MT), China (70,600 MT), Japan (38,400 MT), Colombia (24,400 MT), and Canada (24,100 MT, including 500 MT - late). |
Comments and Performance Indicators | Export commitments are 34.3% behind a year-ago compared to 34.6% 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: 170,700 |
Expectations (in MT) | 2023-24: 200,000-500,000 |
Weekly Sales Details | Net sales of 170,700 metric tons (MT) for 2023/2024 primarily for Chile (78,200 MT, including 47,700 MT switched from unknown destinations), Japan (49,300 MT), Mexico (35,200 MT, including decreases of 7,500 MT), Brazil (33,000 MT switched from unknown destinations), and Algeria (20,000 MT), were offset by reductions for unknown destinations (66,000 MT), Peru (5,500 MT), and Colombia (900 MT). |
Weekly Export Details | Exports of 236,200 MT were primarily to Chile (80,700 MT), Taiwan (36,600 MT), Brazil (33,000 MT), Mexico (31,200 MT), and Peru (22,000 MT). |
Comments and Performance Indicators | Export commitments are running 31.6% behind a year-ago, compared to 29.1% 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: 127,000 |
Expectations (in MT) | 2022-23: 0-300,000 |
Weekly Sales Details | Net sales of 127,000 MT for 2022/2023 were up 58 percent from the previous week, but down 43 percent from the prior 4-week average. Increases primarily for the Netherlands (65,400 MT, including 65,000 MT switched from unknown destinations), Germany (56,600 MT), Japan (20,900 MT, including 11,200 MT switched from unknown destinations), Colombia (14,800 MT, including 7,400 MT switched from unknown destinations), and Vietnam (14,200 MT), were offset by reductions for unknown destinations (78,800 MT), the Dominican Republic (600 MT), and Mexico (500 MT). Net sales of 760,300 MT for 2023/2024 primarily for Mexico (339,100 MT), unknown destinations (229,000 MT), China (143,000 MT), Indonesia (34,800 MT), and Taiwan (16,500 MT), were offset by reductions for Japan (9,000 MT). |
Weekly Export Details | Exports of 240,200 MT were down 29 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to the Netherlands (65,400 MT), Germany (56,600 MT), Mexico (55,600 MT), Indonesia (17,000 MT), and Japan (15,600 MT). |
Comments and Performance Indicators | Export commitments are running 11.6% 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: 272,500 |
Expectations | 2022-23: 25,000-250,000 |
Weekly Sales Details | Net sales of 272,500 MT for 2022/2023 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Colombia (100,100 MT, including 21,500 MT switched from unknown destinations and decreases of 7,500 MT), the Philippines (51,500 MT), Ireland (30,000 MT), unknown destinations (23,000 MT), and Canada (22,200 MT), were offset by reductions for Costa Rica (5,100 MT), Sri Lanka (1,600 MT), and the Dominican Republic (400 MT). Net sales of 135,300 MT for 2023/2024 were primarily for unknown destinations (105,000 MT), Ecuador (10,000 MT), Panama (6,100 MT), Costa Rica (5,100 MT), and Mexico (4,700 MT). |
Weekly Export Details fade lackluster | Exports of 230,800 MT were down 1 percent from the previous week and 10 percent from the prior 4- week average. The destinations were primarily to the Philippines (49,300 MT), Colombia (33,000 MT), Ecuador (31,100 MT), Canada (22,700 MT), and the Dominican Republic (21,400 MT). |
Comments and Performance Indicators | Export commitments are 6.0% ahead of a year-ago, compared to 4.7% 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: 800 |
Expectations | 2022-23: 0-10,000 |
Weekly Sales Details | Total net sales reductions of 800 MT for 2022/2023 were down noticeably from the previous week and down 23 percent from the prior 4-week average. Decreases were for Canada. |
Weekly Export Details | Exports of 1,000 MT were up 11 percent from the previous week, but down 39 percent from the prior 4-week average. The destinations were to Canada (500 MT) and Mexico (500 MT). |
Comments and Performance Indicators | Export commitments are running 82.0% behind a year-ago, compared to 81.9% behind last week. USDA projects exports will decrease 77.4% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2022-23: 67,100 |
Weekly Sales Details | Net sales of 67,100 RB for 2022/2023 were up noticeably from the previous week, but down 11 percent from the prior 4-week average. Increases primarily for China (32,400 RB), Vietnam (16,000 RB, including 300 RB switched from Japan and 100 RB switched from South Korea), India (7,800 RB, including decreases of 300 RB), Pakistan (3,800 RB, including decreases of 200 RB), and Turkey (3,500 RB), were offset by reductions for Guatemala (600 RB) and South Korea (100 RB). Net sales of 86,100 RB for 2023/2024 primarily for China (49,200 RB), Pakistan (17,900 RB), Vietnam (8,400 RB), Peru (7,000 RB), and Portugal (5,300 RB), were offset by reductions for Turkey (1,700 RB), South Korea (900 RB), and Honduras (400 RB). |
Weekly Export Details | Exports of 233,100 RB were up 12 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to China (86,800 RB), Pakistan (31,100 RB), Turkey (26,200 RB), Vietnam (22,300 RB), and Bangladesh (13,300 RB). Net sales of Pima totaling 4,900 RB for 2022/2023 were down 29 percent from the previous week, but up 21 percent from the prior 4-week average. Increases were reported for Vietnam (2,200 RB), India (2,100 RB), China (400 RB), and Thailand (200 RB). Total net sales of 900 RB for 2023/2024 were for Vietnam. Exports of 2,400 RB were up 75 percent from the previous week, but down 61 percent from the prior 4-week average. The destinations were to Egypt (1,300 RB) and India (1,100 RB). |
Comments and Performance Indicators | Export commitments are running 11.0% behind a year-ago, versus 11.1% 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: 20,900 |
Weekly Sales Details | Net sales of 20,900 MT for 2023 were up noticeably from the previous week and up 60 percent from the prior 4-week average. Increases were primarily for South Korea (7,800 MT, including decreases of 600 MT), Mexico (4,100 MT, including decreases of 100 MT), China (2,900 MT, including decreases of 200 MT), Japan (1,900 MT, including decreases of 500 MT), and Canada (1,800 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 16,200 MT were up 16 percent from the previous week and 1 percent from the prior 4- week average. The destinations were primarily to Japan (4,200 MT), South Korea (3,600 MT), China (3,000 MT), Mexico (1,500 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: 19,200 |
Weekly Sales Details | Net sales of 19,200 MT for 2023 were down 22 percent from the previous week and 28 percent from the prior 4-week average. Increases were primarily for China (5,300 MT, including decreases of 100 MT), Mexico (5,000 MT, including decreases of 400 MT), Japan (4,100 MT, including decreases of 200 MT), South Korea (900 MT, including decreases of 200 MT), and Canada (900 MT, including decreases of 400 MT). |
Weekly Export Details | Exports of 25,300 MT were up 31 percent from the previous week, but down 12 percent from the prior 4-week average. The destinations were primarily to Mexico (8,000 MT), China (4,400 MT), Japan (4,300 MT), Canada (1,900 MT), and Colombia (1,700 MT). |
Comments and Performance Indicators | USDA projects exports in 2023 will rise 2.6% from last year. |