FI Weekly USDA Export Sales Snapshot 02/09/23

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USDA Export Sales

US soybean export sales were at the low end of expectations for old crop and near the middle for new crop. There were a lot of sales switched from unknown. Increases primarily for China (518,900 MT, including 332,000 MT switched from unknown destinations). Soybean meal sales were again below 200,000 short tons. At 181,700, there were slightly above the previous week, but shipments were very good at 312,800 short tons. The soybean meal sales included 64,900 tons for Columbia. Soybean oil sales again were slow at 2,000 tons and shipments were only 1,900 tons. USDA corn export sales of 1.160 million tons were near the upper end of a range of expectations. The corn sales included Japan (388,200 MT), unknown destinations (308,200 MT) and Mexico (107,000 MT, including decreases of 28,900 MT). Sorghum sales were 53,000 tons, all for China. All-wheat export sales of 131,400 tons were poor for the second consecutive week. The wheat sales included Mexico and Columbia. Pork sales were 28,800 tons and included 12,700 tons for Mexico.

 

 

 

 

Export Sales Highlights  

This summary is based on reports from exporters for the period January 27 – February 2, 2023.

Wheat:  Net sales of 131,400 metric tons (MT) for 2022/2023 were down 4 percent from the previous week and 56 percent from the prior 4-week average. Increases primarily for Mexico (76,000 MT, including decreases of 300 MT), Colombia (43,600 MT, including 31,600 MT switched from unknown destinations and decreases of 800 MT), unknown destinations (39,000 MT), Ecuador (28,800 MT, including 19,400 MT switched from unknown destinations), and Japan (26,000 MT), were offset by reductions primarily for South Korea (60,000 MT) and Iraq (47,900 MT). Net sales of 19,500 MT for 2023/2024 were reported for Colombia (12,500 MT), Mexico (6,500 MT), and Panama (500 MT). Exports of 538,100 MT were up 9 percent from the previous week and 70 percent from the prior 4-week average. The destinations were primarily to the Philippines (121,100 MT), Mexico (81,300 MT), South Korea (55,200 MT), Iraq (52,100 MT), and Ecuador (45,800 MT).

Corn:  Net sales of 1,160,300 MT for 2022/2023 were down 27 percent from the previous week, but up 19 percent from the prior 4-week average. Increases were primarily for Japan (388,200 MT), unknown destinations (308,200 MT), Mexico (107,000 MT, including decreases of 28,900 MT), Guatemala (70,800 MT), and Panama (67,000 MT). Total net sales of 10,000 MT for 2023/2024 were for Japan. Exports of 394,900 MT were down 34 percent from the previous week and 40 percent from the prior 4-week average. The destinations were primarily to Mexico (283,900 MT), Costa Rica (33,200 MT), Canada (26,300 MT), Hong Kong (15,300 MT), and Nicaragua (12,200 MT).

Optional Origin Sales:  For 2022/2023, new optional sales 100,000 MT were for South Korea. The current outstanding balance of 100,000 MT, all South Korea.

Barley:  No net sales or exports were reported for the week.

Sorghum:  Total net sales of 53,000 MT for 2022/2023 were down 52 percent from the previous week and 43 percent from the prior 4-week average. The destination was for China. Exports of 200 MT were down 73 percent from the previous week and 99 percent from the prior 4-week average. The destination was to Mexico.

Rice:  Net sales of 112,800 MT for 2022/2023–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for Colombia (61,200 MT), Nicaragua (25,000 MT), Japan (13,000 MT), Saudi Arabia (8,500 MT), and Mexico (1,500 MT). Exports of 33,800 MT were up 20 percent from the previous week, but down 7 percent from the prior 4-week average. The destinations were primarily to Japan (13,000 MT), Saudi Arabia (8,900 MT), Jordan (4,700 MT), Mexico (4,200 MT), and Canada (2,200 MT).

Soybeans:  Net sales of 459,400 MT for 2022/2023 were down 38 percent from the previous week and 49 percent from the prior 4-week average. Increases primarily for China (518,900 MT, including 332,000 MT switched from unknown destinations, 52,000 MT switched from Pakistan, and decreases of 67,200 MT), Spain (139,600 MT, including 132,000 MT switched from unknown destinations), the Netherlands (85,600 MT, including 77,000 MT switched from unknown destinations), Indonesia (73,800 MT, including 55,000 MT switched from unknown destinations, 300 MT switched from Taiwan, and decreases of 200 MT), and Colombia (26,700 MT, including 12,000 MT switched from unknown destinations and decreases of 1,200 MT), were offset by reductions primarily for unknown destinations (387,000 MT). Net sales of 185,000 MT for 2023/2024 were reported for unknown destinations (132,000 MT) and China (53,000 MT). Exports of 1,828,600 MT were down 7 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to China (1,181,900 MT), Mexico (248,800 MT), Spain (139,600 MT), the Netherlands (85,600 MT), and Indonesia (78,800 MT). 

Optional Origin Sales:  For 2022/2023, the current outstanding balance of 300 MT, all South Korea.

Export for Own Account:  For 2022/2023, the current exports for own account outstanding balance is 1,500 MT, all Canada.

Soybean Cake and Meal:  Net sales of 181,700 MT for 2022/2023 were up 10 percent from the previous week, but down 13 percent from the prior 4-week average. Increases primarily for Colombia (64,900 MT, including decreases of 1,100 MT), South Korea (50,000 MT switched from unknown destinations), Mexico (34,400 MT, including decreases of 12,700 MT), Canada (25,700 MT), and Honduras (20,800 MT, including decreases of 11,800 MT), were offset by reductions primarily for unknown destinations (42,000 MT), El Salvador (3,000 MT), and Ecuador (1,500 MT). Total net sales of 900 MT for 2023/2024 were for Canada. Exports of 312,800 MT were up 9 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Ecuador (53,100 MT), the Philippines (51,500 MT), Chile (49,500 MT), Colombia (33,600 MT), and Denmark (32,700 MT).

Soybean Oil:  Net sales of 1,900 MT for 2022/2023 were up noticeably from the previous week and up 79 percent from the prior 4-week average. Increases were primarily for the Dominican Republic (1,200 MT). Exports of 2,300 MT were up 51 percent from the previous week and up noticeably from the prior 4-week average. The destinations were to the Dominican Republic (1,200 MT), Mexico (800 MT), and Canada (300 MT).

Cotton:  Net sales of 262,800 RB for 2022/2023–a marketing-year high–were up 54 percent from the previous week and 58 percent from the prior 4-week average. Increases primarily for China (87,700 RB, including 200 RB switched from Vietnam), Turkey (72,600 RB, including decreases of 300 RB), Vietnam (45,300 RB, including 800 RB switched from South Korea), Indonesia (16,600 RB), and Pakistan (14,000 RB, including decreases of 4,200 RB), were offset by reductions for El Salvador (400 RB) and Mexico (300 RB). Net sales of 4,800 RB for 2023/2024 were primarily for Thailand (3,300 RB). Exports of 210,100 RB were down 1 percent from the previous week, but up 17 percent from the prior 4-week average. The destinations were primarily to Pakistan (45,200 RB), Vietnam (42,800 RB), China (40,300 RB), Turkey (18,900 RB), and Mexico (13,000 RB). Net sales of Pima totaling 1,300 RB for 2022/2023 were down noticeably from the previous week and down 50 percent from the prior 4-week average. Increases were primarily for Vietnam (700 RB) and Bangladesh (300 RB). Exports of 5,800 RB were down 25 percent from the previous week, but up 4 percent from the prior 4-week average. The destinations were primarily to Vietnam (2,200 RB), India (1,300 RB), China (1,100 RB), South Korea (400 RB), and Turkey (300 RB). 

Optional Origin Sales:  For 2022/2023, the current outstanding balance of 9,300 RB, all Malaysia.

Export for Own Account:  For 2022/2023, new exports for own account totaling 15,400 RB were to China (8,300 RB), Turkey (3,800 RB), and Vietnam (3,300 RB). Exports for own account totaling 12,500 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 117,600 RB are for China (83,900 RB), Vietnam (19,400 RB), Turkey (5,400 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and India (1,500 RB).

Hides and Skins:  Net sales of 395,300 pieces for 2023 primarily for China (226,400 whole cattle hides, including decreases of 32,600 pieces), South Korea (109,100 whole cattle hides, including decreases of 3,800 pieces), Mexico (38,500 whole cattle hides, including decreases of 1,000 pieces), Taiwan (12,400 whole cattle hides, including decreases of 100 pieces), and Turkey (6,100 whole cattle hides), were offset by reductions primarily for Brazil (1,400 pieces) and Vietnam (1,200 pieces). In addition, net sales of 2,200 kip skins primarily for Belgium (1,400 kip skins), were offset by reductions for China (700 kip skins). Exports of 494,000 whole cattle hides exports were primarily to China (349,200 pieces), Mexico (57,600 pieces), South Korea (34,300 pieces), Thailand (16,300 pieces), and Brazil (11,300 pieces). In addition, exports of 5,100 kip skins were to China.

 

Net sales of 91,700 wet blues for 2023 were primarily for Thailand (44,200 unsplit), Vietnam (17,400 unsplit), Mexico (8,800 unsplit), Italy (7,900 unsplit, including decreases of 100 unsplit), and Hong Kong (6,800 unsplit, including decreases of 200 unsplit). Exports of 124,800 wet blues were primarily to Italy (37,400 unsplit and 1,900 grain splits), Vietnam (22,800 unsplit), Thailand (17,100 unsplit), China (16,500 unsplit), and Hong Kong (13,000 unsplit). No net sales or exports of splits were reported for the week.

 

Beef:  Net sales of 16,400 MT for 2023 were primarily for South Korea (4,400 MT, including decreases of 400 MT), Japan (3,500 MT, including decreases of 400 MT), Mexico (2,700 MT), Canada (1,400 MT, including decreases of 100 MT), and China (1,400 MT, including decreases of 200 MT). Exports of 15,600 MT were primarily to Japan (4,800 MT), South Korea (4,400 MT), China (1,900 MT), Mexico (1,200 MT), and Taiwan (900 MT). 

Pork:  Net sales of 28,800 MT for 2023 were primarily for Mexico (12,700 MT, including decreases of 200 MT), South Korea (4,700 MT, including decreases of 1,200 MT), China (3,400 MT, including decreases of 200 MT), Colombia (1,600 MT, including decreases of 100 MT), and Australia (1,500 MT). Exports of 30,400 MT were primarily to Mexico (14,000 MT), China (4,600 MT), Japan (3,000 MT), Canada (2,100 MT), and South Korea (2,100 MT).

 

U.S. EXPORT SALES FOR WEEK ENDING  2/2/2023 

 

	CURRENT MARKETING YEAR						NEXT MARKETING YEAR
COMMODITY	NET SALES	OUTSTANDING SALES		WEEKLY EXPORTS	ACCUMULATED EXPORTS		NET SALES	OUTSTANDING SALES
		CURRENT YEAR	YEAR AGO		CURRENT YEAR	YEAR AGO
	THOUSAND METRIC TONS
WHEAT
HRW	93.9	894.5	1,936.6	104.6	3,592.2	4,957.6	10.0	101.3
SRW	18.0	634.4	652.4	100.7	1,916.9	1,907.7	9.5	134.1
HRS	47.5	1,167.7	1,182.3	127.6	3,708.2	3,466.2	0.0	49.8
WHITE	-28.9	1,058.9	697.5	174.4	3,017.0	2,379.1	0.0	23.4
DURUM	0.8	83.2	54.6	30.8	228.8	113.1	0.0	1.9
TOTAL	131.4	3,838.8	4,523.4	538.1	12,463.2	12,823.7	19.5	310.5
BARLEY	0.0	4.4	13.8	0.0	7.2	14.7	0.0	0.0
CORN	1,160.3	13,786.7	24,997.3	394.9	13,005.5	20,715.1	10.0	1,437.1
SORGHUM	53.0	490.5	4,112.6	0.2	293.7	2,244.1	0.0	0.0
SOYBEANS	459.4	10,314.0	9,162.9	1,828.6	37,416.9	37,596.8	185.0	903.0
SOY MEAL	181.7	3,018.6	3,226.6	312.8	4,198.1	4,495.4	0.9	53.4
SOY OIL	1.9	18.2	169.4	2.3	25.1	318.2	0.0	0.6
RICE
L G RGH	87.3	172.4	306.7	3.9	249.6	708.4	0.0	0.0
M S RGH	-0.5	10.3	9.6	0.3	16.0	4.1	0.0	0.0
L G BRN	0.0	4.6	19.9	0.2	11.6	28.6	0.0	0.0
M&S BR	0.0	35.7	67.4	0.0	8.4	18.0	0.0	0.0
L G MLD	9.4	143.8	83.8	10.5	350.7	465.4	0.0	0.0
M S MLD	16.5	131.1	180.1	19.0	142.3	216.2	0.0	0.0
TOTAL	112.8	498.0	667.5	33.8	778.6	1,440.8	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	262.8	4,916.8	7,973.2	210.1	4,799.2	4,202.8	4.8	1,261.2
PIMA	1.3	48.6	199.1	5.8	83.1	200.7	0.0	3.5