FI Weekly USDA Export Sales Snapshot 06/23/23

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USDA Export Sales

Nothing bullish sticks out.

 

 

U.S. EXPORT SALES FOR WEEK ENDING 6/15/2023 

   

	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	15.5	656.9	1,248.3	38.1	158.2	274.9	0.0	0.0
SRW	37.6	1,103.3	924.8	65.2	93.9	113.0	14.0	14.0
HRS	69.7	1,082.8	1,258.8	42.0	187.5	328.4	0.2	0.2
WHITE	-13.4	529.3	848.8	8.9	154.5	202.3	0.0	0.0
DURUM	0.2	92.9	74.4	1.7	1.7	0.0	0.0	0.0
TOTAL	109.7	3,465.1	4,355.0	155.9	595.8	918.5	14.2	14.2
BARLEY	0.0	16.3	13.9	0.0	0.0	1.4	0.0	0.0
CORN	36.0	5,001.6	10,118.7	668.3	33,646.4	50,216.3	47.1	3,026.6
SORGHUM	58.8	556.3	726.4	0.7	1,458.8	6,174.3	0.0	63.2
SOYBEANS	457.5	3,199.6	9,027.2	387.8	48,906.9	51,142.9	168.8	3,334.6
SOY MEAL	135.3	2,485.7	2,416.1	324.0	9,004.6	8,676.3	11.1	636.1
SOY OIL	0.2	41.3	81.6	0.6	87.2	602.8	0.0	3.8
RICE
L G RGH	4.5	63.1	71.8	28.5	668.0	1,236.6	14.6	38.0
M S RGH	0.0	32.1	7.3	0.0	26.0	13.6	0.0	5.0
L G BRN	0.1	5.6	4.0	0.2	19.1	50.4	0.0	0.0
M&S BR	0.0	6.6	9.8	0.2	38.9	77.8	0.0	0.0
L G MLD	6.7	100.3	78.2	1.1	633.2	732.0	0.0	40.0
M S MLD	1.9	62.4	150.2	14.8	255.9	382.2	0.0	40.2
TOTAL	13.3	270.2	321.3	44.8	1,641.0	2,492.6	14.6	123.1
COTTON		THOUSAND RUNNING BALES
UPLAND	42.7	3,390.1	4,408.4	236.8	10,262.5	11,146.5	187.6	1,969.3
PIMA	2.0	40.7	63.7	4.1	276.6	415.4	0.0	4.7

 

 

 

 

 Export Sales Highlights 

 

This summary is based on reports from exporters for the period June 9-15, 2023.

 

Wheat:  Net sales of 109,700 metric tons (MT) for 2023/2024 primarily for Taiwan (56,900 MT), Peru (33,000 MT), Mexico (26,900 MT), Venezuela (11,900 MT, including 13,000 MT switched from unknown destinations and decreases of 1,100 MT), and China (10,000 MT – late), were offset by reductions for the Philippines (20,700 MT), unknown destinations (13,000 MT), and Honduras (8,300 MT). Net sales of 14,200 MT for 2024/2025 were reported for Peru (11,000 MT), Ecuador (3,000 MT), and South Korea (200 MT). Exports of 155,900 MT were primarily to Ecuador (33,000 MT), South Korea (28,900 MT), Panama (26,300 MT), Mexico (21,100 MT), and Taiwan (19,300 MT). 

 

Late Reporting:  For 2023/2024, net sales totaling 11,958 MT of soft red winter wheat were reported late for China (9,958 MT) and Malaysia (2,000 MT). Exports of 1,030 MT soft red winter wheat were late to Malaysia.

 

Corn:  Net sales of 36,000 MT for 2022/2023 were down 87 percent from the previous week and 74 percent from the prior 4-week average. Increases primarily for China (69,100 MT, including 68,000 MT switched from unknown destinations and decreases of 1,600 MT), Mexico (63,300 MT, including 31,000 MT switched from unknown destinations and decreases of 500 MT), Japan (36,500 MT, including 33,300 MT switched from unknown destinations), El Salvador (10,000 MT, including decreases of 800 MT), and Israel (9,000 MT), were offset by reductions for unknown destinations (132,300 MT), Honduras (17,500 MT), Canada (8,500 MT), and Guyana (7.300 MT). Net sales of 47,100 MT for 2023/2024 were reported for Honduras (33,200 MT), Canada (8,200 MT), and Mexico (5,700 MT). Exports of 668,300 MT were down 44 percent from the previous week and 50 percent from the prior 4-week average. The destinations were primarily to Mexico (283,500 MT), China (179,100 MT), Japan (150,900 MT), Panama (29,900 MT), and the Dominican Republic (10,000 MT).

 

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

 

Sorghum:  Net sales of 58,800 MT for 2022/2023 were down 49 percent from the previous week and 26 percent from the prior 4-week average. Increases were reported for China (55,000 MT) and Mexico (3,800 MT). Exports of 700 MT were down 99 percent from the previous week and from the prior 4-week average. The destinations were to Mexico (600 MT) and China (100 MT).

 

Rice:  Net sales of 13,300 MT for 2022/2023 were up 48 percent from the previous week, but down 21 percent from the prior 4-week average. Increases were primarily for the Dominican Republic (6,000 MT), Mexico (4,200 MT), Canada (1,800 MT), Honduras (500 MT, including decreases of 500 MT), and China (400 MT). Net sales of 14,600 MT for 2023/2024 were reported for Nicaragua (10,000 MT), Guatemala (4,400 MT), and El Salvador (200 MT). Exports of 44,800 MT were up 9 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to Nicaragua (25,000 MT), Japan (13,000 MT), Mexico (3,700 MT), Canada (2,100 MT), and China (400 MT).

 

Soybeans:  Net sales of 457,500 MT for 2022/2023 were down 4 percent from the previous week, but up 98 percent from the prior 4-week average. Increases primarily for Taiwan (117,900 MT, including 20,000 MT switched from Japan, decreases of 1,500 MT, and 89,200 MT – late), Mexico (61,700 MT), China (49,600 MT, including decreases of 500 MT and 50,000 MT – late), unknown destinations (43,600 MT), and Egypt (35,800 MT), were offset by reductions for Colombia (4,300 MT), Bangladesh (500 MT), and Senegal (200 MT). Net sales of 168,800 MT for 2023/2024 were reported for Mexico (126,900 MT), Taiwan (28,500 MT), China (8,000 MT), and Malaysia (5,400 MT). Exports of 387,800 MT were up noticeably from the previous week and up 71 percent from the prior 4-week average. The destinations were primarily to Taiwan (90,500 MT, including 79,400 MT – late), Egypt (67,800 MT), China (53,500 MT, including 49,300 MT – late), Nepal (35,300 MT – late), and Indonesia (29,200 MT, including 9,100 MT – late). 

 

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 1,800 MT are for Canada (1,400 MT) and Taiwan (400 MT).

 

Late Reporting:  For 2022/2023, net sales totaling 257,196 MT of soybeans were reported late for Taiwan (89,250 MT), China (50,000 MT), Nepal (36,000 MT), Thailand (32,000 MT), the Philippines (21,750 MT), Vietnam (14,606 MT), Indonesia (9,340 MT), and Malaysia (4,250 MT). Exports of 241,528 MT were late to Taiwan (79,397 MT), China (49,291 MT), Nepal (35,347 MT), Thailand (28,545 MT), the Philippines (21,304 MT), Vietnam (14,303 MT), Indonesia (9,060 MT), and Malaysia (4,281 MT).

 

Soybean Cake and Meal:  Net sales of 135,300 MT for 2022/2023 were down 35 percent from the previous week and 52 percent from the prior 4-week average. Increases primarily for the United Kingdom (27,500 MT, including decreases of 2,500 MT), Venezuela (21,500 MT, including 25,000 MT switched from unknown destinations and decreases of 3,500 MT), Canada (20,100 MT, including decreases of 1,000 MT), Mexico (17,700 MT), and Indonesia (17,000 MT), were offset by reductions primarily for unknown destinations (19,000 MT), Panama (7,100 MT), Guyana (3,400 MT), Belgium (2,400 MT), and Japan (1,100 MT). Net sales of 11,100 MT for 2023/2024 were primarily for Panama (8,000 MT), Canada (1,100 MT), Japan (900 MT), and Guatemala (500 MT). Exports of 324,000 MT were up 18 percent from the previous week and 36 percent from the prior 4-week average. The destinations were primarily to the Philippines (90,100 MT), Romania (43,600 MT), Algeria (34,000 MT), the United Kingdom (30,500 MT), and the Dominican Republic (28,400 MT).

 

Soybean Oil:  Net sales of 200 MT for 2022/2023 were down 90 percent from the previous week and 91 percent from the prior 4-week average. Increases were primarily for Canada (100 MT). Exports of 600 MT were down 94 percent from the previous week and 90 percent from the prior 4-week average. The destinations were to Canada (400 MT) and the Dominican Republic (200 MT).

 

Cotton:  Net sales of 42,700 RB for 2022/2023 were down 57 percent from the previous week and 83 percent from the prior 4-week average. Increases primarily for Bangladesh (35,400 RB), China (33,600 RB), Taiwan (6,900 RB), Egypt (2,200 RB), and Malaysia (1,900 RB), were offset by reductions primarily for Turkey (20,300 RB), Pakistan (15,500 RB), and Vietnam (4,300 RB). Net sales of 187,600 RB for 2023/2024 were primarily for China (137,300 RB), Turkey (24,400 RB), Honduras (10,900 RB), Singapore (4,400 RB), and Nicaragua (4,200 RB). Exports of 236,800 RB were down 3 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to China (53,500 RB), Vietnam (43,300 RB), Pakistan (43,100 RB), Turkey (28,100 RB), and Mexico (11,600 RB). Net sales of Pima totaling 2,000 RB for 2022/2023 were up 2 percent from the previous week, but down 26 percent from the prior 4-week average. Increases reported for Egypt (1,100 RB), Thailand (900 RB), and Vietnam (200 RB switched from Hong Kong), were offset by reductions for Hong Kong (200 RB). Exports of 4,100 RB were up noticeably from the previous week, but down 68 percent from the prior 4-week average. The destinations were to India (2,600 RB), Peru (900 RB), and Vietnam (600 RB). 

 

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

 

Export for Own Account:  For 2022/2023, decreases of 2,700 RB were for China. The current exports for own account outstanding balance of 96,300 RB are for China (66,900 RB), Vietnam (19,300 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 460,100 pieces for 2023 were down 12 percent from the previous week, but up 1 percent from the prior 4-week average. Increases were primarily for China (354,600 whole cattle hides, including decreases of 4,800 pieces), Mexico (51,700 whole cattle hides, including decreases of 1,100 pieces), South Korea (28,600 whole cattle hides, including decreases of 1,900 pieces), Turkey (9,700 whole cattle hides), and Thailand (8,000 whole cattle hides, including decreases of 500 pieces). In addition, total net sales reductions of 200 kip skins were for Belgium. Exports of 401,400 pieces were up 10 percent from the previous week, but down 6 percent from the prior 4-week average. Whole cattle hides exports were primarily to China (268,300 pieces), Mexico (51,800 pieces), South Korea (26,700 pieces), Brazil (18,100 pieces), and Thailand (13,700 pieces). Exports of 1,300 kip skins were to Belgium. 

 

Net sales of 109,400 wet blues for 2023 were up noticeably from the previous week and up 6 percent from the prior 4-week average. Increases were reported for Vietnam (39,700 unsplit), China (38,500 unsplit), Italy (22,100 unsplit, including decreases of 100 unsplit), Mexico (9,000 unsplit), and Hong Kong (100 unsplit). Exports of 125,200 wet blues were up 47 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to Italy (38,700 unsplit), China (25,000 unsplit), Hong Kong (18,300 unsplit), Vietnam (13,400 unsplit), and Thailand (9,700 unsplit). Net sales of 3,800 splits were reported for Taiwan (2,100 pounds) and Hong Kong (1,700 pounds). Exports of 43,100 pounds were to Taiwan.

 

Beef:  Net sales of 13,300 MT for 2023 were up 4 percent from the previous week, but down 14 percent from the prior 4-week average. Increases were primarily for China (4,700 MT, including decreases of 200 MT), Japan (2,900 MT, including decreases of 300 MT), South Korea (1,900 MT, including decreases of 400 MT), Canada (1,200 MT, including decreases of 200 MT), and Mexico (500 MT, including decreases of 100 MT). Exports of 17,800 MT were up 11 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to South Korea (4,200 MT), Japan (4,000 MT), China (3,300 MT), Taiwan (1,500 MT), and Mexico (1,500 MT).

 

Pork:  Net sales of 28,700 MT for 2023 were up 7 percent from the previous week and 10 percent from the prior 4-week average. Increases were primarily for Mexico (12,100 MT, including decreases of 200 MT), Canada (5,000 MT, including decreases of 500 MT), South Korea (3,100 MT, including decreases of 1,200 MT), Japan (3,100 MT, including decreases of 300 MT), and China (1,600 MT, including decreases of 600 MT). Exports of 30,300 MT were down 16 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to Mexico (9,800 MT), China (4,900 MT), Japan (3,200 MT), South Korea (2,600 MT), and Canada (2,100 MT).

  

June 23, 2023                                                                                  1                                                                                     FOREIGN AGRICULTURAL SERVICE/USDA

 

 

SUMMARY OF EXPORT TRANSACTIONS

REPORTED UNDER THE DAILY SALES REPORTING SYSTEM

FOR PERIOD ENDING JUNE 15, 2023

 

                                                           COMMODITY         DESTINATION           QUANTITY             MARKETING      

                                                                                  

                                                          *NO SALES WERE REPORTED DURING THE ABOVE PERIOD.