USDA Weekly Export Sales Report | |
| Corn | |
| Actual Sales (in MT) | 2017-18: 526,900 |
| Trade Expectations (MT) | 2017-18: 700,000-1,000,000 |
| Weekly Sales Details | Net sales of 526,900 MT for 2017-18 were reported for Mexico (264,100 MT), Japan (111,600 MT, including 49,000 MT switched from unknown destinations), Colombia (73,000 MT, including 30,500 MT switched from unknown destinations and decreases of 500 MT), Costa Rica (30,400 MT, including 26,200 MT switched from unknown destinations), and Peru (24,100 MT). Reductions were reported for unknown destinations (43,900 MT) and the French West Indies (6,500 MT). |
| Weekly Export Details | Exports of 703,700 MT were primarily to Mexico (366,100 MT), Peru (113,600 MT), Japan (72,100 MT), Colombia (42,600 MT), and Costa Rica (30,000 MT). |
| Comments and Performance Indicators | Sales were lighter than expected. Export commitments at the start of the 2017-18 marketing year are running 39% behind year-ago compared with 38% behind last week. USDA projects exports in 2017-18 at 1.850 billion bu., down 19.4% from the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | 2017-18: 307,200 |
| Trade Expectations (MT) | 2017-18: 300,000-500,000 |
| Weekly Sales Details | Net sales of 307,200 metric tons for delivery in marketing year 2017-18 were down 3% from the previous week and 24% from the prior four-week average. Increases were for the Philippines (77,900 MT), Mexico (54,800 MT), Kenya (41,100 MT, including 40,000 MT switched from unknown destinations), Japan (32,700 MT), and unknown destinations (32,700 MT). Reductions were reported for Nigeria (27,400 MT). |
| Weekly Export Details | Exports of 427,700 MT were down 3% from the previous week and down 9% from the prior 4-week average. The primary destinations were the Philippines (119,900 MT), Mexico (68,200 MT), Nigeria (58,100 MT), Kenya (41,100 MT), and Guatemala (31,700 MT). |
| Comments and Performance Indicators | Sales came in near the low end of expectations. Export commitments for 2017-18 are running 3% behind year-ago versus 1% behind the week prior. USDA projects exports in 2017-18 at 975 million bu., down 7.6% from the previous marketing year. |
| Soybeans | |
| Actual Sales (in MT) | 2017-18: 2,338,100 |
| Trade Expectations (MT) | 2017-18: 1,200,000-1,500,000 |
| Weekly Sales Details | Net sales of 2,338,100 MT for 2017-18 were reported for China (1,403,200 MT, including 329,000 MT switched from unknown destinations), unknown destinations (528,800 MT), Mexico (213,100 MT), Taiwan (68,200 MT), and Pakistan (67,000 MT, including 65,000 MT switched from unknown destinations). Reductions were reported for Spain (60,000 MT) and Cuba (7,200 MT). |
| Weekly Export Details | Exports of 944,900 MT were primarily to China (686,300 MT), Pakistan (67,000 MT), Bangladesh (53,500 MT), Mexico (47,300 MT), and Costa Rica (23,200 MT). |
| Comments and Performance Indicators | Sales came in much stronger than expected. Export commitments are running 21% behind year-ago compared with 28% behind last week. USDA projects exports in 2017-18 at 2.250 billion bu., up 3.7% from year-ago. |
| Soymeal | |
| Actual Sales (in MT) | Combined: 172,400 2016-17: 25,200 2017-18: 147,200 |
| Trade Expectations (MT) | 2016-17: 25,000-100,000 |
| Weekly Sales Details | Net sales of 25,200 MT for 2016-17 were for Mexico (9,300 MT), Canada (5,700 MT), Trinidad (4,500 MT, including 3,200 MT switched from unknown destinations and 1,300 MT switched from the French West Indies), Japan (3,900 MT), and Burma (2,800 MT, including 2,000 MT switched from Bangladesh). Reductions were reported for the French West Indies (3,900 MT), unknown destinations (3,200 MT), Bangladesh (2,000 MT), and Haiti (1,300 MT). For 2017-18, net sales of 147,200 MT were reported primarily for unknown destinations (50,000 MT), Bangladesh (38,000 MT), Colombia (25,000 MT), and Canada (12,700 MT). |
| Weekly Export Details | Exports of 154,300 MT were up 39% from the previous week, but down 4% from the prior 4-week average. The destinations were primarily the Philippines (48,700 MT), Japan (30,100 MT), Mexico (28,500 MT), Canada (16,200 MT), and Guatemala (10,400 MT). |
| Comments and Performance Indicators | Old- and new-crop sales met expectations. Export commitments for 2016-17 are running 2% behind year-ago compared with 2% behind year-ago the week prior. USDA projects exports in 2016-17 to be down 1.7% from the previous marketing year. |
| Soyoil | |
| Actual Sales (in MT) | Combined: 8,500 |
| Trade Expectations (MT) | 2016-17: 0-10,000 2017-18: 0-20,000 |
| Weekly Sales Details | Net sales of 4,500 MT for 2016-17 were down 31% from the previous week and 29% from the prior 4-week average. Increases were reported primarily for Mexico (4,000 MT), Canada (300 MT), and Honduras (100 MT). Reductions were reported for the Dominican Republic (100 MT). For 2017-18, net sales of 4,000 MT were reported for South Korea. |
| Weekly Export Details | Exports of 15,900 MT were up noticeably from the previous week and 62% from the prior 4-week average. The destinations were primarily the Dominican Republic (8,900 MT), Mexico (6,700 MT), and Canada (300 MT). |
| Comments and Performance Indicators | Old- and new-crop sales were in line with expectations. Export commitments for the 2016-17 marketing year are running 4% behind year-ago, compared to 5% behind year-ago last week. USDA projects exports in 2016-17 to be up 13.7% from the previous year. |
| Cotton | |
| Actual Sales (in RB) | Combined: 257,000 2017-18: 219,900 2018-19: 37,100 |
| Weekly Sales Details | Net sales of 219,900 RB for 2017-18 were up noticeably from the previous week and 28% from the prior 4-week average. Increases were reported for Turkey (91,300 RB), Vietnam (46,100 RB, including 2,600 RB switched from South Korea), China (18,500 RB), Bangladesh (11,000 RB), Thailand (10,500 RB, including 1,000 RB switched from Japan), and Costa Rica (9,200 RB). Reductions were reported for Japan (400 RB). For 2018-19, net sales of 37,100 RB were reported for China (22,000 RB), Pakistan (13,200 RB), and Costa Rica (1,900 RB). Exports of 175,700 RB were up 62% from the previous week and 8% from the prior 4-week average. |
| Weekly Export Details | Exports of 175,700 RB were up 62% from the previous week and 8% from the prior 4-week average. Exports were reported primarily to Vietnam (62,600 RB), China (32,400 RB), Mexico (17,200 RB), India (15,600 RB), and Indonesia (10,900 RB). |
| Comments and Performance Indicators | Export commitments for 2017-18 are running 43% ahead of year-ago compared to 45% ahead last week. USDA projects exports in 2017-18 will decline 0.1% from the previous year to 14.900 million bales. |
| Beef | |
| Actual Sales (in MT) | Combined: 13,000 |
| Weekly Sales Details | Net sales of 12,500 MT reported for 2017 were down 15% from the previous week and 20% from the prior 4-week average. Increases were reported for Mexico (2,600 MT), South Korea (2,300 MT), Japan (2,200 MT), Hong Kong (1,900 MT), and Taiwan (1,600 MT). For 2018, net sales of 500 MT were reported primarily for Japan (400 MT). |
| Weekly Export Details | Exports of 15,400 MT were up 20% from the previous week, but down 8% from the prior 4-week average. The primary destinations were Japan (4,800 MT), South Korea (3,500 MT), Mexico (1,900 MT), Hong Kong (1,700 MT), and Taiwan (1,300 MT). |
| Comments and Performance Indicators | Last week, USDA reported export sales totaling 15,000 MT. USDA projects exports in 2017 to be up 8.9% from last year’s total. |
| Pork | |
| Actual Sales (in MT) | Combined: 20,300 |
| Weekly Sales Details | Net sales of 20,100 MT reported for 2017 were up 34% from the previous week, but down 7% from the prior 4-week average. Increases were reported for Mexico (7,200 MT), Japan (3,200 MT), Canada (2,900 MT), Colombia (2,300 MT), and Australia (1,400 MT). For 2018, net sales of 200 MT were reported for Australia. |
| Weekly Export Details | Exports of 22,200 MT were up 24% from the previous week and 20% from the prior 4-week average. The destinations were primarily Mexico (8,400 MT), Japan (4,000 MT), Hong Kong (3,100 MT), Canada (1,900 MT), and South Korea (1,900 MT). |
| Comments and Performance Indicators | Last week, USDA reported pork export sales totaling 15,100 MT. USDA projects exports in 2017 to be 9.8% above last year’s total. |
