FI Weekly USDA Export Sales Snapshot 12/30/22

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USDA Export sales

Grains were good for USDA export sales. Soybeans are slowly fading but within expectations. Product sales were little lower than wanted for soybean meal and again poor for soybean oil.  No major surprises. Mexico dominated grain sales while China was the largest buyer for soybeans.

 

 

 

Export Sales Highlights

This summary is based on reports from exporters for the period December 16-22, 2022.

Wheat:  Net sales of 478,100 metric tons (MT) for 2022/2023 were primarily for Japan (139,000 MT), Mexico (101,900 MT, including 30,000 MT switched from unknown destinations and decreases of 11,600 MT), unknown destinations (87,000 MT), Taiwan (56,000 MT), and Nigeria (24,000 MT). Total net sales of 33,000 MT for 2023/2024 were for Mexico. Exports of 337,100 MT were primarily to Mexico (92,800 MT), Thailand (54,100 MT), Iraq (52,500 MT), Italy (40,800 MT), and Japan (35,500 MT).  

Corn:  Net sales of 781,600 MT for 2022/2023 primarily for Mexico (463,600 MT, including decreases of 37,200 MT), unknown destinations (102,600 MT), Colombia (68,500 MT, including decreases of 33,000 MT), Japan (65,600 MT, including 52,400 MT switched from unknown destinations), and Honduras (28,100 MT, including decreases of 32,700 MT), were offset by reductions for China (9,300 MT). Total net sales of 170,000 MT for 2023/2024 were for Japan. Exports of 1,012,500 MT were primarily to Mexico (441,600 MT), China (278,400 MT), Japan (124,200 MT), Colombia (45,400 MT), and Guatemala (33,700 MT). 

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

Sorghum:  Net sales reductions of 100 MT for 2022/2023 resulting in increases primarily for Eritrea (33,000 MT switched from Sudan), were more than offset by reductions for Sudan (30,000 MT) and unknown destinations (10,700 MT). Exports of 42,200 MT were primarily to Eritrea (33,000 MT) and Japan (7,600 MT).  

Rice:  Net sales of 98,700 MT for 2022/2023 were primarily for Iraq (80,000 MT), Haiti (8,100 MT), Canada (5,500 MT), Saudi Arabia (2,000 MT), and Guatemala (1,900 MT, including decreases of 200 MT). Exports of 20,800 MT were primarily to Haiti (15,200 MT), Mexico (2,800 MT), Canada (1,000 MT), Taiwan (1,000 MT), and Saudi Arabia (100 MT). 

Soybeans:  Net sales of 705,800 MT for 2022/2023 primarily for China (521,200 MT, including 334,000 MT switched from unknown destinations and decreases of 137,400 MT), the Netherlands (142,600 MT, including 137,000 MT switched from unknown destinations and decreases of 1,700 MT), Japan (96,800 MT, including 98,300 MT switched from unknown destinations and decreases of 2,700 MT), Thailand (77,800 MT), and Saudi Arabia (66,700 MT, including 70,000 MT switched from unknown destinations and decreases of 3,300 MT), were offset by reductions primarily for unknown destinations (278,300 MT). Exports of 1,848,500 MT were primarily to China (1,077,800 MT), the Netherlands (142,600 MT), Japan (131,300 MT), Mexico (77,600 MT), and Thailand (74,100 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 is 1,500 MT, all Canada.

Export Adjustments:  Accumulated exports of soybeans to China were adjusted down 71,179 MT for week ending December 15^th. The correct destination for this shipment is Thailand.

Soybean Cake and Meal:  Net sales of 264,300 MT for 2022/2023 primarily for Colombia (117,200 MT, including decreases of 9,500 MT), Morocco (43,000 MT), Ireland (30,000 MT), Mexico (14,100 MT), and Honduras (9,600 MT, including decreases of 1,000 MT), were offset by reductions for Ecuador (7,000 MT) and the Philippines (1,100 MT). Exports of 212,900 MT were primarily to Denmark (49,500 MT), Colombia (39,200 MT), Mexico (34,600 MT), Morocco (33,000 MT), and the Philippines (23,200 MT).  

Soybean Oil:  Net sales of 5,400 MT for 2022/2023 were reported for Venezuela (5,200 MT) and Canada (200 MT). Exports of 5,500 MT were to Venezuela (5,200 MT) and Canada (300 MT). 

Cotton:  Net sales of 82,300 RB for 2022/2023 were primarily for South Korea (17,800 RB), China (15,400 RB, including 8,800 RB switched from Vietnam and decreases of 400 RB), Turkey (15,200 RB, including decreases of 2,400 RB), Pakistan (11,800 RB, including decreases of 1,700 RB), and Vietnam (4,100 RB, including 1,300 RB switched from South Korea and 200 RB switched from Japan). Total net sales of 3,500 RB for 2023/2024 were for Mexico. Exports of 140,300 RB were primarily to Pakistan (40,400 RB), China (30,200 RB), Vietnam (11,900 RB), Turkey (10,800 RB), and Malaysia (8,700 RB). Net sales of Pima totaling 5,600 RB were primarily for Vietnam (3,700 RB) and India (1,600 RB). Exports of 4,300 RB were to China (2,600 RB) and India (1,700 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 600 RB were to China. Exports for own account totaling 6,500 RB to Pakistan (5,400 RB) and China (1,100 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 119,600 RB are for China (87,500 RB), Vietnam (22,700 RB), Pakistan (7,500 RB), India (1,500 RB), and Indonesia (400 RB).

Hides and Skins:  Net sales of 91,600 pieces for 2022 reported for China (55,200 whole cattle hides, including decreases of 27,300 pieces), South Korea (17,100 whole cattle hides, including decreases of 7,900 pieces), Mexico (16,300 whole cattle hides, including decreases of 400 pieces),  and Indonesia (6,900 whole cattle hides, including decreases of 1,800 pieces), were offset by reductions for Thailand (1,600 pieces), Egypt (1,400 pieces), Brazil (500 pieces), and Taiwan (300 pieces). Net sales of 163,000 pieces for 2023 were primarily for China (91,600 whole cattle hides), South Korea (48,600 whole cattle hides), Mexico (8,400 whole cattle hides), Thailand (3,700 whole cattle hides), and Taiwan (3,600 whole cattle hides). In addition, net sales of 10,100 kip skins were reported for Canada (8,700 kip skins) and Italy (1,400 kip skins). Exports of 315,300 whole cattle hides exports were primarily to China (231,400 pieces), Mexico (25,000 pieces), South Korea (23,700 pieces), Thailand (20,600 pieces), and Brazil (10,500 pieces).

Net sales of 9,200 wet blues for 2022 primarily for Vietnam (3,800 unsplit, including decreases of 2,400 unsplit), Thailand (3,000 unsplit), the Dominican Republic (2,400 unsplit), Brazil (2,100 grain splits, including decreases of 100 grain splits), and Italy (1,100 unsplit, including decreases of 2,200 unsplit), were offset by reductions for China (3,800 unsplit). Net sales of 50,900 wet blues for 2023 primarily for Brazil (19,400 grain splits), Vietnam (9,900 unsplit), China (7,400 unsplit), Hong Kong (5,000 unsplit), and the Dominican Republic (4,800 unsplit), were offset by reductions for Thailand (2,600 unsplit) and Italy (1,300 unsplit). Exports of 69,800 wet blues were primarily to Italy (27,600 unsplit and 1,900 grain splits), Thailand (17,500 unsplit), China (7,300 unsplit), Brazil (4,200 grain splits), and Hong Kong (4,000 unsplit). Total net sales reductions of 3,100 splits were for Vietnam. Total net sales of 327,000 splits for 2023 were for Hong Kong. Exports of 164,700 splits were to China (84,700 pounds) and Vietnam (80,000 pounds).

Beef:  Net sales of 2,300 MT for 2022 reported for Japan (1,800 MT, including decreases of 200 MT), South Korea (1,700 MT, including decreases of 400 MT), Mexico (200 MT, including decreases of 100 MT), and the Netherlands (100 MT), were offset by reductions primarily for China (700 MT) and Vietnam (400 MT). Net sales of 7,200 MT for 2023 primarily for Japan (3,300 MT), China (1,300 MT), Taiwan (900 MT), Canada (500 MT), and Vietnam (400 MT), were offset by reductions for South Korea (500 MT). Exports of 16,800 MT were primarily to South Korea (4,400 MT), Japan (4,400 MT), China (2,200 MT), Mexico (1,800 MT), and Taiwan (1,300 MT). 

Pork:  Net sales of 15,100 MT for 2022 primarily for Mexico (9,100 MT, including decreases of 900 MT), Canada (1,600 MT, including decreases of 400 MT), China (1,600 MT, including decreases of 100 MT), Japan (1,300 MT, including decreases of 1,500 MT), and the Dominican Republic (1,100 MT, including decreases of 100 MT), were offset by reductions primarily for South Korea (300 MT). Net sales of 30,500 MT for 2023 were primarily for Mexico (11,900 MT), China (10,000 MT), Canada (1,700 MT), Japan (1,700 MT), and Colombia (1,600 MT). Exports of 32,400 MT were primarily to Mexico (16,200 MT), China (4,600 MT), Japan (2,800 MT), South Korea (2,500 MT), and Canada (1,600 MT).

 

U.S. EXPORT SALES FOR WEEK ENDING  12/22/2022

 

	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	175.1	1,001.6	2,106.4	119.8	3,128.1	4,172.6	33.0	39.3
SRW	74.3	648.6	738.5	21.6	1,735.2	1,572.9	0.0	13.6
HRS	123.9	1,357.9	1,270.4	122.3	3,152.5	2,968.8	0.0	10.8
WHITE	80.4	1,217.4	845.4	52.9	2,415.3	2,026.2	0.0	0.3
DURUM	24.4	116.7	36.2	20.4	149.5	97.2	0.0	0.0
TOTAL	478.1	4,342.1	4,996.8	337.1	10,580.6	10,837.7	33.0	64.0
BARLEY	0.0	5.2	19.0	0.0	6.5	11.5	0.0	0.0
CORN	781.6	12,186.1	27,073.1	1,012.5	9,235.1	13,667.7	170.0	1,139.0
SORGHUM	-0.1	142.3	3,746.5	42.2	218.7	1,538.7	0.0	0.0
SOYBEANS	705.8	16,402.0	12,448.4	1,848.5	26,705.7	28,870.8	0.0	180.0
SOY MEAL	264.3	3,642.3	3,181.3	212.9	2,478.3	2,913.6	0.0	18.3
SOY OIL	5.4	18.3	287.5	5.5	18.4	150.3	0.0	0.6
RICE
L G RGH	1.9	168.6	166.7	1.3	146.1	580.7	0.0	0.0
M S RGH	0.0	13.7	6.3	0.3	13.2	2.9	0.0	0.0
L G BRN	1.0	8.5	4.0	0.1	7.3	26.8	0.0	0.0
M&S BR	0.1	8.2	68.4	1.0	6.6	15.2	0.0	0.0
L G MLD	93.8	134.5	94.4	17.1	279.1	344.5	0.0	0.0
M S MLD	2.1	133.4	104.6	0.9	96.7	176.4	0.0	0.0
TOTAL	98.7	466.9	444.3	20.8	549.0	1,146.6	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	82.3	4,972.9	7,518.2	140.3	3,773.8	2,931.9	3.5	1,203.1
PIMA	5.6	69.3	234.9	4.3	51.4	137.6	0.0	1.1