USDA Weekly Export Sales Report Week Ended June 29, 2023 | |
Corn | |
Actual Sales (in MT) | 2022-23: 251,700 |
Expectations (in MT) | 2022-23: 0-500,000 |
Weekly Sales Details | Net sales of 251,700 MT for 2022/2023 were up 79 percent from the previous week and 62 percent from the prior 4-week average. Increases primarily for Mexico (148,900 MT, including decreases of 26,100 MT), Japan (131,200 MT, including 129,400 MT switched from unknown destinations and decreases of 3,500 MT), Guatemala (35,700 MT, including 30,000 MT switched from unknown destinations, 7,500 MT switched from Honduras, 6,000 MT switched from Costa Rica, and decreases of 3,900 MT), Taiwan (12,600 MT), and the Dominican Republic (9,600 MT), were offset by reductions primarily for unknown destinations (64,600 MT), Honduras (23,600 MT), Jamaica (11,200 MT), Costa Rica (5,400 MT), and Colombia (1,400 MT). Net sales of 418,000 MT for 2023/2024 were primarily for Japan (172,600 MT), Mexico (104,100 MT), unknown destinations (69,100 MT), Canada (32,800 MT), and Honduras (16,800 MT). |
Weekly Export Details | Exports of 707,500 MT were up 17 percent from the previous week, but down 24 percent from the prior 4-week average. The destinations were primarily to Japan (272,500 MT), Mexico (217,700 MT), Guatemala (82,400 MT), China (68,900 MT), and Nicaragua (21,100 MT). |
Comments and Performance Indicators | Export commitments are 35.3% behind a year-ago compared to 35.8% behind last week. USDA projects exports in 2022-23 at 1.725billion bu., 30.2% below the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2023-24: 405,800 |
Expectations (in MT) | 2023-24: 50,000-350,000 |
Weekly Sales Details | Net sales of 405,800 metric tons (MT) for 2023/2024 primarily for Mexico (111,400 MT, including decreases of 100 MT), the Philippines (108,400 MT, including decreases of 9,000 MT), Japan (71,800 MT), Brazil (57,200 MT, including 31,900 MT switched from unknown destinations, 25,300 MT switched from Nigeria), and South Korea (35,100 MT), were offset by reductions for unknown destinations (33,500 MT). Total net sales reductions of 3,000 MT for 2024/2025 were for Ecuador. |
Weekly Export Details | Exports of 306,200 MT were primarily to South Korea (87,100 MT), Japan (71,500 MT), Brazil (57,200 MT), the Philippines (26,400 MT), and Nigeria (23,100 MT). |
Comments and Performance Indicators | Export commitments are running 23.7% behind a year-ago, compared to 26.9% 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: 187,800 |
Expectations (in MT) | 2022-23: 100,000-350,000 |
Weekly Sales Details | Net sales of 187,800 MT for 2022/2023 were down 17 percent from the previous week and 45 percent from the prior 4-week average. Increases primarily for Indonesia (78,500 MT, including 55,400 MT switched from unknown destinations and decreases of 5,600 MT), the Netherlands (56,600 MT, including 62,000 MT switched from unknown destinations and decreases of 5,400 MT), Mexico (55,600 MT, including decreases of 200 MT), Egypt (30,000 MT), and Japan (26,700 MT, including 9,700 MT switched from unknown destinations), were offset by reductions for unknown destinations (72,100 MT). Net sales of 592,800 MT for 2023/2024 were primarily for China (270,000 MT), unknown destinations (132,000 MT), Mexico (127,200 MT), Costa Rica (29,000 MT), and Japan (22,800 MT). |
Weekly Export Details | Exports of 266,100 MT were up 39 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Indonesia (75,700 MT), Japan (59,600 MT), the Netherlands (56,600 MT), Mexico (44,800 MT), and Costa Rica (15,100 MT). |
Comments and Performance Indicators | Export commitments are running 12.1% behind a year-ago, versus behind 12.8% last week. USDA projects exports in 2022-23 at 2.000 billion bu., down 8.3% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2022-23: 148,800 |
Expectations | 2022-23: 50,000-250,000 |
Weekly Sales Details | Net sales of 148,800 MT for 2022/2023 were up 42 percent from the previous week, but down 5 percent from the prior 4-week average. Increases primarily for Guatemala (31,600 MT, including 15,500 MT switched from unknown destinations, 7,400 MT switched from Costa Rica, and decreases of 200 MT), Israel (30,000 MT), Ecuador (29,600 MT, including 25,000 MT switched from unknown destinations), Mexico (22,000 MT), and Canada (18,300 MT, including decreases of 500 MT), were offset by reductions primarily for unknown destinations (40,500 MT), Colombia (11,000 MT), and Costa Rica (11,000 MT). Net sales of 33,000 MT for 2023/2024 were primarily for Costa Rica (15,700 MT), Canada (5,900 MT), El Salvador (4,800 MT), and Trinidad and Tobago (4,500 MT). |
Weekly Export Details fade lackluster | Exports of 212,300 MT were down 16 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to Guatemala (51,300 MT), Ecuador (32,900 MT), Morocco (25,300 MT), Venezuela (15,900 MT), and Canada (14,500 MT). |
Comments and Performance Indicators | Export commitments are 4.3% ahead of a year-ago, compared to 4.3% ahead a week ago. USDA projects exports in 2022-23 will increase 3.5% from the previous marketing year. |
Soyoil | |
Actual Sales (in MT) | 2022-23: (6,300) |
Expectations | 2022-23: 0-10,000 |
Weekly Sales Details | Net sales reductions of 6,300 MT for 2022/2023--a marketing-year low-- were down noticeably from the previous week and from the prior 4-week average. Increases reported for Canada (1,500 MT), Guatemala (1,000 MT), and the Dominican Republic (300 MT), were more than offset by reductions for Mexico (9,000 MT). |
Weekly Export Details | Exports of 1,100 MT were down 72 percent from the previous week and 71 percent from the prior 4-week average. The destination was to Canada (1,000 MT). |
Comments and Performance Indicators | Export commitments are running 82.0% behind a year-ago, compared to 81.1% behind last week. USDA projects exports will decrease 74.6% this season. |
Cotton | |
Actual Upland Sales (in RB) | 2022-23: 109,200 |
Weekly Sales Details | Net sales of 109,200 RB for 2022/2023 were down 13 percent from the previous week and 42 percent from the prior 4-week average. Increases primarily for China (61,700 RB, including 1,300 RB switched from Singapore and decreases of 31,100 RB), Mexico (33,100 RB), Vietnam (13,200 RB, including 1,400 RB switched from South Korea and decreases of 100 RB), Japan (2,300 RB, including decreases of 500 RB), and Indonesia (2,000 RB, including 600 RB switched from Japan), were offset by reductions for Turkey (3,500 RB), Pakistan (1,500 RB), Singapore (1,300 RB), and South Korea (1,000 RB). Net sales of 130,400 RB for 2023/2024 were primarily for China (76,100 RB), Turkey (15,900 RB), Japan (10,600 RB), Mexico (6,200 RB), and Pakistan (4,400 RB). |
Weekly Export Details | Exports of 260,100 RB were up 16 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to Turkey (64,300 RB), China (62,300 RB), Pakistan (41,800 RB), Vietnam (27,100 RB), and Indonesia (15,500 RB). Net sales of Pima totaling 3,700 RB for 2022/2023 were up 3 percent from the previous week and 51 percent from the prior 4-week average. Increases were reported for India (3,600 RB) and Colombia (100 RB). Total net sales of 900 RB for 2023/2024 were for India. Exports of 4,200 RB were down 72 percent from the previous week and 46 percent from the prior 4-week average. The destinations were primarily to Vietnam (1,800 RB) and India (1,800 RB). |
Comments and Performance Indicators | Export commitments are running 11.2% behind a year-ago, versus 11.7% behind last week. USDA forecasts total cotton exports will fall 11.1% from a year ago to 13.00 million bales in 2022-23. |
Beef | |
Actual Sales (in MT) | 2023: 17,000 |
Weekly Sales Details | Net sales of 17,000 MT for 2023 were up 41 percent from the previous week and 33 percent from the prior 4-week average. Increases primarily for Japan (5,100 MT, including decreases of 300 MT), South Korea (3,700 MT, including decreases of 300 MT), Taiwan (2,200 MT), Canada (2,100 MT, including decreases of 100 MT), and Mexico (1,500 MT), were offset by reductions for Colombia (100 MT). |
Weekly Export Details | Exports of 17,700 MT were up 18 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Japan (4,400 MT), South Korea (4,200 MT), China (3,200 MT), Mexico (1,700 MT), and Taiwan (1,500 MT). |
Comments and Performance Indicators | USDA projects 2022 exports will fall 11.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2023: 26,000 |
Weekly Sales Details | Net sales of 26,000 MT for 2023 were down 3 percent from the previous week and from the prior 4-week average. Increases were primarily for Mexico (15,100 MT, including decreases of 200 MT), Canada (4,600 MT, including decreases of 500 MT), Japan (1,700 MT, including decreases of 200 MT), Australia (900 MT), and South Korea (700 MT, including decreases of 200 MT). |
Weekly Export Details | Exports of 35,500 MT were up 21 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to Mexico (17,800 MT), Japan (3,600 MT), China (3,100 MT), South Korea (2,000 MT), and Canada (1,900 MT). |
Comments and Performance Indicators | USDA projects exports in 2023 will rise 0.7% from last year. |