FI Weekly USDA Export Sales Snapshot 05/11/23

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USDA export sales were poor for soybeans, soybean oil and all-wheat. Soybean meal and corn export sales were within expectations. Soybean export sales for 2022-23 included net reductions for unknown destinations of 120,200 tons. Soybean meal export sales included increases for Vietnam, Romania, and Canada, but also included net reductions for a few central American countries. Soybean oil sales were only 300 tons. Corn export sales for 2022-23 included net reductions for unknown destinations of 129,400 tons. All-wheat sales were a marketing year low for 2022-23.

 

 

 

 

Export Sales Highlights 

This summary is based on reports from exporters for the period April 28 – May 4, 2023.

 

Wheat:  Net sales of 26,300 metric tons (MT) for 2022/2023–a marketing-year low–were down 88 percent from the previous week and 86 percent from the prior 4-week average. Increases primarily for unknown destinations (17,000 MT), Mexico (10,500 MT, including decreases of 800 MT), Venezuela (5,000 MT), El Salvador (1,400 MT), and Japan (900 MT), were offset by reductions for Honduras (6,000 MT), Guatemala (1,400 MT), Ecuador (1,200 MT), Costa Rica (700 MT), and South Korea (300 MT). Net sales of 333,600 MT for 2023/2024 were primarily for the Philippines (139,000 MT), Mexico (91,100 MT), unknown destinations (50,000 MT), South Korea (30,000 MT), and Honduras (23,000 MT). Exports of 204,000 MT were down 29 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to Mexico (119,400 MT), Japan (35,200 MT), Ecuador (28,800 MT), Honduras (11,600 MT), and Costa Rica (8,300 MT).

 

Corn:  Net sales of 257,300 MT for 2022/2023 were down noticeably from the previous week, but up 11 percent from the prior 4-week average. Increases primarily for Japan (154,500 MT, including 92,100 MT switched from unknown destinations), Mexico (74,800 MT, including decreases of 22,400 MT), South Korea (70,800 MT, including 65,000 MT switched from unknown destinations), Colombia (45,600 MT, including 50,000 MT switched from unknown destinations and decreases of 11,000 MT), and Canada (14,600 MT, including decreases of 200 MT), were offset by reductions for unknown destinations (129,400 MT) and El Salvador (12,300 MT). Total net sales of 83,100 MT for 2023/2024 were for Mexico. Exports of 1,146,100 MT were down 33 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to Mexico (389,400 MT), Japan (320,400 MT, including 50,100 MT – late), China (138,200 MT), Colombia (132,500 MT), and South Korea (69,400 MT).

 

Late Reporting:  For 2022/2023, exports of 50,112 MT of corn were late to Japan.

 

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

 

Sorghum:  Net sales of 49,100 MT for 2022/2023 were up noticeably from the previous week and from the prior 4-week average. Increases reported for unknown destinations (53,000 MT), were offset by reductions for China (3,900 MT). Exports of 50,600 MT were down 55 percent from the previous week and 28 percent from the prior 4-week average. The destination was to China.

 

Rice:  Net sales of 30,600 MT for 2022/2023 were down 34 percent from the previous week and 15 percent from the prior 4-week average. Increases primarily for Honduras (20,000 MT), the Dominican Republic (6,000 MT), Jordan (1,700 MT), Mexico (1,700 MT), and Canada (700 MT), were offset by reductions for Venezuela (200 MT). Exports of 8,500 MT were down 80 percent from the previous week and from the prior 4-week average. The destinations were primarily to Canada (2,800 MT), Mexico (2,500 MT), Jordan (1,700 MT), Saudi Arabia (600 MT), and the United Kingdom (400 MT).

 

Soybeans:  Net sales of 62,200 MT for 2022/2023 were down 79 percent from the previous week and 68 percent from the prior 4-week average. Increases primarily for Indonesia (88,800 MT, including 68,000 MT switched from unknown destinations), the Netherlands (57,700 MT, including 62,000 MT switched from unknown destinations and decreases of 4,300 MT), Japan (52,900 MT, including decreases of 3,100 MT), Colombia (4,700 MT), and Egypt (3,000 MT), were offset by reductions for unknown destinations (120,200 MT), Portugal (23,000 MT), and China (6,000 MT). Net sales of 50,100 MT for 2023/2024 were reported for Portugal (23,000 MT), Mexico (19,100 MT), and China (8,000 MT). Exports of 411,000 MT were down 27 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to Indonesia (82,600 MT), Mexico (74,300 MT), China (72,300 MT), the Netherlands (57,700 MT), and Japan (42,400 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 (1,400 MT) and Taiwan (200 MT).

 

Late Reporting:  For 2022/2023, exports of 3,727 MT of soybeans were late to Colombia.

 

Soybean Cake and Meal:  Net sales of 277,800 MT for 2022/2023 were up 55 percent from the previous week and 52 percent from the prior 4-week average. Increases primarily for Vietnam (55,000 MT), Romania (40,000 MT), Canada (37,500 MT, including decreases of 7,500 MT), Algeria (35,000 MT), and Morocco (28,000 MT), were offset by reductions for Guatemala (5,800 MT), Costa Rica (1,700 MT), and Colombia (200 MT). Net sales reductions of 11,000 MT for 2023/2024 resulting in increases for Canada (1,000 MT), were more than offset by reductions for Ecuador (12,000 MT). Exports of 188,100 MT were down 21 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,400 MT), Ecuador (32,000 MT), Mexico (31,000 MT), Canada (23,800 MT), and Colombia (12,200 MT).

 

Soybean Oil:  Total net sales of 300 MT for 2022/2023 were down 98 percent from the previous week and 92 percent from the prior 4-week average. Increases were for Canada. Exports of 400 MT were down 98 percent from the previous week and 94 percent from the prior 4-week average. The destination was to Canada. 

 

Cotton:  Net sales of 246,800 RB for 2022/2023 were up 7 percent from the previous week and 56 percent from the prior 4-week average. Increases primarily for China (106,200 RB, including 2,800 RB switched from Singapore), Vietnam (67,100 RB, including 2,000 RB switched from Macau, 200 RB switched from Japan, 100 RB switched from South Korea, and 100 RB switched from Taiwan), Bangladesh (36,000 RB), Turkey (17,600 RB, including decreases of 8,000 RB), and Pakistan (9,200 RB, including decreases of 1,500 RB), were offset by reductions for Singapore (2,800 RB), Macau (2,000 RB), and Indonesia (1,100 RB). Net sales of 12,800 RB for 2023/2024 reported for Nicaragua (4,400 RB), Peru (3,200 RB), Mexico (3,100 RB), and Turkey (2,200 RB), were offset by reductions for Japan (100 RB). Exports of 331,000 RB were down 20 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to China (88,900 RB), Turkey (75,200 RB), Vietnam (44,100 RB), Pakistan (30,000 RB), and Bangladesh (25,300 RB). Net sales of Pima totaling 15,200 RB for 2022/2023 were down 38 percent from the previous week and from the prior 4-week average. Increases were reported for India (12,200 RB), Vietnam (1,700 RB, including decreases of 1,300 RB), Djibouti (900 RB), and Pakistan (400 RB). Exports of 20,300 RB were down 18 percent from the previous week, but up 14 percent from the prior 4-week average. The destinations were primarily to India (7,800 RB), China (7,100 RB), Vietnam (1,300 RB), Egypt (1,300 RB), and Turkey (1,000 RB). 

 

Optional Origin Sales:  For 2022/2023, the current outstanding balance of 1,100 RB, all Malaysia.

 

Export for Own Account:  For 2022/2023, the current exports for own account outstanding balance of 109,600 RB are for China (80,300 RB), Vietnam (19,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB), India (1,500 RB), and Turkey (1,200 RB).

Hides and Skins:  Net sales of 598,400 pieces for 2023 were up 57 percent from the previous week and 45 percent from the prior 4-week average. Increases primarily for China (424,400 whole cattle hides, including decreases of 20,400 pieces), Mexico (63,800 whole cattle hides, including decreases of 2,800 pieces), Italy (42,700 whole cattle hides, including decreases of 3,100 pieces), South Korea (40,200 whole cattle hides, including decreases of 200 pieces), and Thailand (18,600 whole cattle hides, including decreases of 700 pieces), were offset by reductions for Brazil (200 pieces). In addition, total net sales reductions of 1,100 kip skins were for China. Exports of 366,800 pieces were down 1 percent from the previous week and 6 percent from the prior 4-week average. Whole cattle hides exports were primarily to China (225,700 pieces), Mexico (50,900 pieces), South Korea (36,300 pieces), Thailand (15,400 pieces), and Brazil (12,900 pieces).

 

Net sales of 56,800 wet blues for 2023 were down 64 percent from the previous week and 59 percent from the prior 4-week average. Increases primarily for Vietnam (26,700 unsplit), Thailand (21,300 unsplit), Brazil (2,700 unsplit and 1,900 grain splits), Mexico (3,300 unsplit), and Japan (1,400 grain splits), were offset by reductions for Hong Kong (300 unsplit) and Italy (100 unsplit). Exports of 119,400 wet blues were up 41 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to Italy (45,400 unsplit), China (22,000 unsplit), Vietnam (19,900 unsplit), Thailand (14,400 unsplit), and Brazil (11,000 unsplit). Net sales reductions of 3,900 splits resulting in increases for South Korea (4,600 pounds), were more than offset by reductions for Vietnam (8,400 pounds). Exports of 156,300 pounds were primarily to Vietnam (115,900 pounds).

 

Beef:  Net sales of 16,600 MT for 2023 were down 18 percent from the previous week, but up 16 percent from the prior 4-week average. Increases were primarily for South Korea (4,400 MT, including decreases of 400 MT), Japan (3,700 MT, including decreases of 400 MT), Canada (3,100 MT, including decreases of 200 MT), Mexico (2,100 MT), and Taiwan (1,000 MT, including decreases of 100 MT). Exports of 14,800 MT were down 22 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to South Korea (4,300 MT), Japan (3,100 MT), China (2,100 MT), Canada (1,300 MT), and Mexico (1,300 MT). 

 

Pork:  Net sales of 30,000 MT for 2023 were down 39 percent from the previous week and 28 percent from the prior 4-week average. Increases were primarily for Japan (9,900 MT, including decreases of 100 MT), China (5,600 MT, including decreases of 100 MT), Mexico (5,500 MT, including decreases of 300 MT), the Philippines (1,700 MT), and South Korea (1,300 MT, including decreases of 500 MT). Exports of 36,900 MT were down 4 percent from the previous week and unchanged from the prior 4-week average. The destinations were primarily to Mexico (13,900 MT), Japan (5,600 MT), China (5,400 MT), South Korea (2,700 MT), and Canada (2,000 MT).

 

 

U.S. EXPORT SALES FOR WEEK ENDING 5/4/2023   

 

	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	10.4	482.9	750.7	93.4	4,637.1	6,759.3	65.7	280.9
SRW	12.7	367.6	224.4	41.0	2,559.7	2,651.0	65.5	653.3
HRS	4.3	729.1	644.1	40.1	5,023.0	4,815.5	132.4	444.9
WHITE	-1.2	549.1	296.2	29.6	4,127.3	3,092.5	70.0	209.7
DURUM	0.0	112.6	0.5	0.0	340.1	195.5	0.0	36.9
TOTAL	26.3	2,241.3	1,916.0	204.0	16,687.2	17,513.8	333.6	1,625.6
BARLEY	0.0	3.5	5.7	0.0	8.5	14.8	0.0	6.0
CORN	257.3	11,876.9	16,949.6	1,146.1	26,516.7	41,541.1	83.1	2,626.4
SORGHUM	49.1	494.2	1,681.2	50.6	1,149.7	5,151.6	0.0	63.0
SOYBEANS	62.2	3,285.0	10,692.0	411.0	47,480.7	47,763.5	50.1	1,886.8
SOY MEAL	277.8	2,580.4	2,608.5	188.1	7,440.0	7,459.8	-11.0	315.4
SOY OIL	0.3	59.9	110.5	0.4	57.8	555.2	0.0	0.6
RICE
L G RGH	20.3	180.6	134.7	1.9	526.6	1,098.1	0.0	0.0
M S RGH	1.5	33.7	8.6	0.3	23.3	12.3	0.0	5.0
L G BRN	0.1	3.6	4.0	0.5	17.0	47.8	0.0	0.0
M&S BR	0.1	21.2	9.9	0.1	23.7	77.4	0.0	0.0
L G MLD	6.3	137.2	88.5	2.4	561.8	647.5	0.0	0.0
M S MLD	2.4	112.7	200.6	3.3	220.7	315.0	0.0	13.0
TOTAL	30.6	488.9	446.2	8.5	1,373.2	2,198.0	0.0	18.0
COTTON		THOUSAND RUNNING BALES
UPLAND	246.8	3,919.6	5,793.8	331.0	8,579.6	8,957.1	12.8	1,496.1
PIMA	15.2	89.0	108.3	20.3	208.7	361.4	0.0	4.7