FI Weekly USDA Export Sales Snapshot 03/02/23

FI and USDA PDF’s attached

 

 

U.S. EXPORT SALES FOR WEEK ENDING  2/23/2023

 

	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	81.9	685.3	1,884.3	153.5	3,989.0	5,472.9	11.0	112.3
SRW	26.7	587.4	589.3	71.8	2,085.2	2,084.8	5.0	188.1
HRS	133.0	948.1	1,060.0	240.8	4,254.3	3,795.9	0.0	49.8
WHITE	42.6	934.1	583.0	144.0	3,338.3	2,623.4	0.8	43.2
DURUM	0.0	68.6	18.8	0.0	244.5	169.7	0.0	36.9
TOTAL	284.1	3,223.4	4,135.3	610.0	13,911.3	14,146.7	16.8	430.3
BARLEY	0.0	3.9	13.8	0.0	8.0	14.7	0.0	0.0
CORN	598.1	14,208.2	22,288.8	666.4	15,029.8	25,769.7	0.0	1,562.7
SORGHUM	52.8	581.1	3,886.5	105.7	471.7	2,781.0	0.0	0.0
SOYBEANS	360.7	7,208.6	9,390.2	880.8	41,605.2	40,776.3	134.0	1,307.8
SOY MEAL	172.4	2,878.7	3,140.5	193.0	4,846.7	5,187.9	40.5	119.0
SOY OIL	1.2	20.5	172.4	0.4	31.5	392.7	0.0	0.6
RICE
L G RGH	-0.1	162.4	228.6	2.1	310.8	867.5	0.0	0.0
M S RGH	0.0	32.1	9.0	0.0	18.3	4.7	0.0	0.0
L G BRN	2.4	4.7	18.0	0.9	13.8	31.4	0.0	0.0
M&S BR	0.0	35.7	44.0	0.0	8.6	41.9	0.0	0.0
L G MLD	1.0	127.9	106.8	1.1	368.8	506.4	0.0	0.0
M S MLD	14.3	129.0	179.1	27.4	173.5	249.2	0.0	0.0
TOTAL	17.6	491.9	585.4	31.5	894.0	1,701.1	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	170.6	5,141.9	7,727.2	207.7	5,386.9	5,203.0	97.2	1,394.3
PIMA	1.2	39.3	180.8	3.0	96.9	234.4	0.0	3.5

 

 

 

Export Sales Highlights

This summary is based on reports from exporters for the period February 17-23, 2023.

Wheat:  Net sales of 284,100 metric tons (MT) for 2022/2023 were down 16 percent from the previous week, but up 39 percent from the prior 4-week average. Increases primarily for Japan (70,800 MT, including decreases of 1,000 MT), Iraq (55,000 MT, including 50,000 MT switched from unknown destinations), Mexico (43,000 MT), South Korea (33,700 MT), and the Philippines (32,800 MT, including decreases of 300 MT), were offset by reductions for unknown destinations (78,000 MT) and Barbados (700 MT). Net sales of 16,800 MT for 2023/2024 were reported for Mexico (11,000 MT), Honduras (5,000 MT), and Japan (800 MT). Exports of 610,000 MT were up 81 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to Iraq (105,000 MT), South Korea (96,900 MT), Mexico (78,600 MT), Japan (73,900 MT), and Indonesia (68,200 MT).

Corn:  Net sales of 598,100 MT for 2022/2023 were down 27 percent from the previous week and 48 percent from the prior 4-week average. Increases primarily for Mexico (207,400 MT, including decreases of 6,200 MT), Japan (111,900 MT, including 50,400 MT switched from unknown destinations and decreases of 500 MT), Colombia (103,700 MT, including 66,500 MT switched from unknown destinations and decreases of 10,900 MT), China (76,000 MT), and unknown destinations (30,800 MT), were offset by reductions for Honduras (2,200 MT) and El Salvador (2,000 MT). Exports of 666,400 MT were down 3 percent from the previous week, but up 13 percent from the prior 4-week average. The destinations were primarily to Mexico (338,700 MT), Colombia (126,700 MT), Japan (85,400 MT), Honduras (51,900 MT), and Canada (14,600 MT).

Optional Origin Sales:  For 2022/2023, new optional sales of 90,000 MT were for South Korea (50,000 MT) and Egypt (40,000 MT). The current outstanding balance of 190,000 MT were for South Korea (150,000 MT) and Egypt (40,000 MT).

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

Sorghum:  Net sales of 52,800 MT for 2022/2023 were down 49 percent from the previous week and 44 percent from the prior 4-week average. Increases reported for China (55,300 MT, including 56,300 MT switched from unknown destinations and decreases of 1,000 MT), were offset by reductions for unknown destinations (2,500 MT). Exports of 105,700 MT–a marketing-year high–were up 48 percent from the previous week and up noticeably from the prior 4-week average. The destinations were to China (105,300 MT) and Mexico (400 MT).

Rice:  Net sales of 17,600 MT for 2022/2023 were down 45 percent from the previous week and 69 percent from the prior 4-week average. Increases primarily for Japan (13,200 MT), Canada (3,400 MT), Saudi Arabia (600 MT), and Austria (300 MT), were offset by reductions for Honduras (100 MT). Exports of 31,500 MT were up 42 percent from the previous week, but down 14 percent from the prior 4-week average. The destinations were primarily to Japan (26,000 MT), Canada (2,400 MT), Mexico (2,100 MT), Austria (300 MT), and Saudi Arabia (300 MT).

Soybeans:  Net sales of 360,700 MT for 2022/2023–a marketing-year low–were down 14 percent from the previous week and 25 percent from the prior 4-week average. Increases primarily for China (218,400 MT, including 202,000 MT switched from unknown destinations and decreases of 2,400 MT), Germany (125,200 MT), Mexico (91,300 MT, including 47,500 MT switched from unknown destinations and decreases of 1,500 MT), Pakistan (66,000 MT), and the Netherlands (52,300 MT, including 57,000 MT switched from unknown destinations and decreases of 4,700 MT), were offset by reductions primarily for unknown destinations (300,700 MT). Net sales of 134,000 MT for 2023/2024 were reported for China (132,000 MT) and Taiwan (2,000 MT). Exports of 880,800 MT were down 45 percent from the previous week and 50 percent from the prior 4-week average. The destinations were primarily to China (432,100 MT), Germany (125,200 MT), Mexico (105,300 MT), the Netherlands (52,300 MT), and Algeria (42,100 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 of 1,600 MT are for Canada (1,500 MT) and Taiwan (100 MT).

Export Adjustments:  Accumulated exports of soybeans to the Netherlands were adjusted down 125,243 MT for week ending February 16th. The correct destination for this shipment is Germany. 

Soybean Cake and Meal:  Net sales of 172,400 MT for 2022/2023 were up noticeably from the previous week and up 1 percent from the prior 4-week average. Increases primarily for Ecuador (80,000 MT), the Philippines (46,200 MT), Colombia (21,900 MT, including decreases of 25,100 MT), Ireland (19,400 MT switched from the United Kingdom), and Canada (10,800 MT, including decreases of 16,400 MT), were offset by reductions for the United Kingdom (19,400 MT), Mexico (18,600 MT), and Belgium (1,000 MT). Net sales of 40,500 MT for 2023/2024 were reported for Ecuador (40,000 MT) and Japan (500 MT). Exports of 193,000 MT were down 23 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to South Korea (50,100 MT), Morocco (45,000 MT), Honduras (19,700 MT), Canada (19,600 MT), and Ireland (19,400 MT).

Soybean Oil:  Net sales of 1,200 MT for 2022/2023 were down noticeably from the previous week and down 54 percent from the prior 4-week average. Increases were reported for Canada (1,100 MT) and the United Arab Emirates (100 MT). Exports of 400 MT were down 92 percent from the previous week and 82 percent from the prior 4-week average. The destination was to Canada (400 MT).

Cotton:  Net sales of 170,600 RB for 2022/2023 were down 60 percent from the previous week and 37 percent from the prior 4-week average. Increases primarily for China (81,600 RB), Vietnam (78,900 RB, including 900 RB switched from China and 100 RB switched from Japan), India (18,400 RB), Turkey (15,200 RB), and South Korea (7,900 RB), were offset by reductions for Pakistan (48,000 RB) and Thailand (6,300 RB). Net sales of 97,200 RB for 2023/2024 were reported for Pakistan (88,000 RB), Thailand (7,000 RB), and Indonesia (2,200 RB). Exports of 207,700 RB were up 7 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Vietnam (50,300 RB), Pakistan (40,900 RB), China (23,200 RB), Turkey (17,600 RB), and Mexico (13,000 RB). Net sales of Pima totaling 1,200 RB for 2022/2023 were down 14 percent from the previous week, but up 23 percent from the prior 4-week average. Increases primarily for China (900 RB switched from Vietnam), Colombia (500 RB), Thailand (300 RB), Turkey (100 RB, including decreases of 200 RB), and Indonesia (100 RB), were offset by reductions for Vietnam (900 RB). Exports of 3,000 RB were down 25 percent from the previous week and 52 percent from the prior 4-week average. The destinations were to Egypt (900 RB), China (900 RB), India (400 RB), Pakistan (400 RB), and Guatemala (100 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 26,600 RB were to China (13,800 RB) and Vietnam (12,800 RB). Exports for own account totaling 3,500 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 120,100 RB are for China (66,400 RB), Vietnam (39,100 RB), Turkey (5,700 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and India (1,500 RB).

Hides and Skins:  Net sales of 390,200 pieces for 2023 were up 7 percent from the previous week, but down 12 percent from the prior 4-week average. Increases primarily for China (267,500 whole cattle hides, including decreases of 25,400 pieces), Mexico (62,500 whole cattle hides, including decreases of 10,900 pieces), South Korea (39,800 whole cattle hides, including decreases of 4,500 pieces), Indonesia (6,000 whole cattle hides, including decreases of 600 pieces), and Turkey (5,100 MT), were offset by reductions for Italy (200 pieces). Total net sales reductions of 400 calf skins were for China. In addition, total net sales reductions of 200 kip skins were for China. Exports of 512,300 pieces were up 13 percent from the previous week and 7 percent from the prior 4-week average. Whole cattle hides exports were primarily to China (345,300 pieces), South Korea (60,200 pieces), Mexico (54,500 pieces), Turkey (14,100 pieces), and Thailand (11,400 pieces). Exports of 1,800 calf skins were to China. In addition, export of 1,000 kip skins were to China. 

 

Net sales of 152,100 wet blues for 2023 were up 48 percent from the previous week and 71 percent from the prior 4-week average. Increases primarily for China (52,300 unsplit, including decreases of 100 unsplit), Hong Kong (24,900 unsplit, including decreases of 100 unsplit), Vietnam (19,600 unsplit), Italy (19,400 unsplit, including decreases of 200 unsplit), and Thailand (17,600 unsplit), were offset by reductions for Brazil (100 grain splits). Exports of 163,000 wet blues were down 2 percent from the previous week, but up 19 percent from the prior 4-week average. The destinations were primarily to Italy (45,700 unsplit), China (35,800 unsplit), Vietnam (31,600 unsplit), Thailand (23,500 unsplit), and Taiwan (10,800 unsplit). Net sales reductions of 1,600 splits resulting in increases for Taiwan (800 pounds), were more than offset by reductions for Vietnam (2,400 pounds). Exports of 115,800 pounds were primarily to Vietnam (74,100 pounds).

 

Beef:  Net sales of 8,100 MT for 2023 were down 48 percent from the previous week and 62 percent from the prior 4-week average. Increases primarily for Japan (2,600 MT, including decreases of 300 MT), Taiwan (2,300 MT, including decreases of 100 MT), China (1,500 MT, including decreases of 200 MT), Mexico (400 MT), and Hong Kong (400 MT, including decreases of 100 MT), were offset by reductions for South Korea (200 MT) and Colombia (100 MT). Exports of 16,100 MT were down 4 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Japan (4,900 MT), South Korea (4,000 MT), China (2,800 MT), Mexico (1,300 MT), and Taiwan (1,000 MT).

 

Pork:  Net sales of 31,000 MT for 2023 were down 40 percent from the previous week and 21 percent from the prior 4-week average. Increases primarily for Mexico (13,400 MT, including decreases of 100 MT), South Korea (4,500 MT, including decreases of 600 MT), Japan (4,300 MT, including decreases of 300 MT), Canada (2,300 MT, including decreases of 300 MT), and Australia (1,400 MT), were offset by reductions for Nicaragua (100 MT). Exports of 30,400 MT were up 4 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to Mexico (13,800 MT), China (4,100 MT), Japan (3,800 MT), South Korea (2,200 MT), and Canada (1,500 MT).

 

March 2, 2023                                       1             FOREIGN AGRICULTURAL SERVICE/USDA