USDA Weekly Export Sales Report | |
| Corn | |
| Actual Sales (in MT) | Combined: 734,200 |
| Trade Expectations (MT) | 2016-17: 0-200,000 2017-18: 400,000-600,000 |
| Weekly Sales Details | Net sales of 62,400 MT for 2016-17 were up 20% from the previous week, but down 61% from the prior 4-week average. Increases were reported for South Korea (71,900 MT), China (68,200 MT, including 65,000 MT switched from unknown destinations), Colombia (50,400 MT, including 30,000 MT switched from unknown destinations), Peru (48,300 MT, including 45,000 MT switched from unknown destinations), and Mexico (47,600 MT, including 30,000 MT switched from unknown destinations). Reductions were reported for unknown destinations (260,800 MT) and Portugal (25,000 MT). For 2017-18, net sales of 671,800 MT were reported primarily for Mexico (283,300 MT), unknown destinations (168,800 MT), and Japan (102,000 MT). |
| Weekly Export Details | Exports of 698,500 MT were down 28% from the previous week and 30% from the prior 4-week average. The primary destinations were Mexico (304,800 MT), South Korea (71,500 MT), China (67,000 MT), Colombia (46,900 MT), and Peru (38,200 MT). |
| Comments and Performance Indicators | Old-crop sales met expectations, and new-crop sales topped expectations. Export commitments for 2016-17 are running 13% ahead of year-ago compared to 14% ahead the week prior. USDA projects exports in 2016-17 at 2.225 billion bu., up 17.0% from the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | 2017-18: 633,600 |
| Trade Expectations (MT) | 300,000-600,000 |
| Weekly Sales Details | Net sales of 633,600 metric tons for delivery in marketing year 2017-18 were up 37% from the previous week and 43% from the prior 4-week average. Increases were for Thailand (110,100 MT, including 15,000 MT switched from unknown destinations), Indonesia (90,000 MT), Mexico (89,900 MT), Nigeria (76,000 MT), and Japan (72,600 MT, including 35,500 MT switched from unknown destinations). Reductions were reported for Peru (6,300 MT), Guatemala (3,200 MT), and Colombia (2,800 MT). |
| Weekly Export Details | Exports of 545,900 MT were down 4% from the previous week, but unchanged from the prior 4-week average. The primary destinations were Japan (163,600 MT), the Philippines (130,200 MT), Mexico (79,700 MT), Taiwan (48,900 MT), and Italy (33,200 MT). |
| Comments and Performance Indicators | Sales topped expectations. Export commitments for 2017-18 are steady with year-ago versus 2% behind year-ago 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) | Combined: 1,352,600 |
| Trade Expectations (MT) | 2016-17: 50,000-250,000 2017-18: 300,000-600,000 |
| Weekly Sales Details | Net sales of 453,200 MT for 2016-17 were up noticeably from the previous week and from the prior 4-week average. Increases were reported for China (342,100 MT, including 263,000 MT switched from unknown destinations and decreases of 1,200 MT), the Netherlands (85,200 MT, including 77,100 MT switched from unknown destinations), Germany (75,900 MT), Bangladesh (52,700 MT, including 52,500 MT switched from unknown destinations), and Mexico (30,700 MT). Reductions were reported for unknown destinations (183,600 MT). For 2017-18, net sales of 899,400 MT were reported for China (395,400 MT), unknown destinations (388,200 MT), Taiwan (27,800 MT), and Mexico (21,800 MT). |
| Weekly Export Details | Exports of 742,800 MT were up 21% from the previous week and up 46% from the prior 4-week average. The destinations were primarily China (281,900 MT), Mexico (144,000 MT), the Netherlands (85,200 MT), Germany (75,900 MT), and Bangladesh (53,200 MT). |
| Comments and Performance Indicators | Old-crop and new-crop sales were stronger than expected. Export commitments for 2016-17 are running 16% ahead of year-ago, compared to 15% ahead the previous week. USDA projects exports in 2016-17 at 2.150 billion bu., up 10.7% from year-ago. |
| Soymeal | |
| Actual Sales (in MT) | Combined: 142,000 2016-17: 74,200 MT 2017-18: 68,800 MT |
| Trade Expectations (MT) | 2016-17: 0-100,000 |
| Weekly Sales Details | Net sales of 74,200 MT for 2016-17 were up noticeably from the previous week and from the prior 4-week average. Increases were reported for Colombia (39,200 MT, including 800 MT switched from Honduras and decreases of 100 MT), El Salvador (26,000 MT, including 4,600 MT switched from unknown destinations and 200 MT switched from Honduras), Mexico (16,800 MT), the Philippines (12,300 MT), and Guatemala (9,100 MT, including 7,900 MT switched from unknown destinations). Reductions were reported for unknown destinations (57,100 MT), and French West Indies (3,500 MT). For 2017-18, net sales of 68,800 MT were reported primarily for the Philippines (21,000 MT), Guatemala (10,000 MT), Mexico (10,000 MT), and Canada (8,900 MT). |
| Weekly Export Details | Exports of 151,200 MT were down 19% from the previous week and 6% from the prior 4-week average. The destinations were primarily the Dominican Republic (38,700 MT), Mexico (27,000 MT), Colombia (16,500 MT), Israel (15,700 MT), and Canada (15,000 MT). |
| Comments and Performance Indicators | Old- and new-crop sales met expectations. Export commitments for 2016-17 are running 3% behind year-ago compared with 2% behind year-ago the week prior. USDA projects exports in 2016-17 to be down 3.0% from the previous marketing year. |
| Soyoil | |
| Actual Sales (in MT) | Combined: 26,900 |
| Trade Expectations (MT) | 2016-17: 8,000-25,000 2017-18: 0-10,000 |
| Weekly Sales Details | Net sales of 23,900 MT for 2016-17 were down 14% from the previous week, but up 22% from the prior 4-week average. Increases were reported for South Korea (13,000 MT), Guatemala (5,000 MT), the Dominican Republic (3,100 MT), and Mexico (2,200 MT). For 2017-18, net sales of 3,000 MT were reported for South Korea. |
| Weekly Export Details | Exports of 23,500 MT were down 7% from the previous week and 14% from the prior 4-week average. The destinations were primarily the Dominican Republic (16,400 MT), Mexico (3,500 MT), Colombia (3,100 MT), and Canada (200 MT). |
| Comments and Performance Indicators | Old-crop sales were at the upper end of expectations, while new-crop sales were at the lower end. Export commitments for the 2016-17 marketing year are running 5% behind year-ago, compared to 6% behind year-ago last week. USDA projects exports in 2016-17 to be up 7.0% from the previous year. |
| Cotton | |
| Actual Sales (in RB) | Combined: 252,700 2017-18: 186,700 208-19: 66,000 |
| Weekly Sales Details | Net sales of 186,700 RB for 2017-18 were reported for Vietnam (37,400 RB, including 100 RB switched from Japan), Indonesia (28,000 RB, including 2,600 RB switched from Japan and decreases of 500 RB), Thailand (26,100 RB, including 100 RB switched from Japan), Bangladesh (20,100 RB), and China (16,700 RB). Reductions were reported for Mexico (400 RB). For 2018-19, net sales of 66,000 RB were reported for Pakistan. |
| Weekly Export Details | Exports of 200,400 RB were primarily to China (53,400 RB), Vietnam (26,400 RB), Turkey (24,900 RB), Mexico (20,900 RB), and Indonesia (13,200 RB). |
| Comments and Performance Indicators | Export commitments for 2017-18 are running 68% ahead of year-ago. USDA projects exports in 2017-18 will decline 4.8% from the previous year to 14.200 million bales. |
| Beef | |
| Actual Sales (in MT) | 2017: 12,800 MT |
| Weekly Sales Details | Net sales of 12,800 MT reported for 2017 were down 22% from the previous week and 6% from the prior 4-week average. Increases were reported for Japan (3,000 MT), South Korea (2,700 MT), Mexico (2,400 MT), Taiwan (2,000 MT), and Hong Kong (1,700 MT). Reductions were reported for Egypt (600 MT). |
| Weekly Export Details | Exports of 15,600 MT--a marketing-year high--were up 7% from the previous week and 4% from the prior 4-week average. The primary destinations were Japan (5,100 MT), South Korea (3,800 MT), Mexico (1,900 MT), Hong Kong (1,400 MT), and Taiwan (1,200 MT). |
| Comments and Performance Indicators | USDA projects exports in 2017 to be up 8.9% from last year’s total. |
| Pork | |
| Actual Sales (in MT) | 2017: 18,300 MT |
| Weekly Sales Details | Net sales of 18,300 MT reported for 2017 were down 3% from the previous week, but up 9% from the prior 4-week average. Increases were reported for Mexico (5,800 MT), Japan (4,700 MT), Canada (2,100 MT), South Korea (1,900 MT), and Colombia (1,400 MT). Reductions were reported for China (400 MT). |
| Weekly Export Details | Exports of 17,300 MT were unchanged from the previous week, but down 3% from the prior 4-week average. The destinations were primarily Mexico (7,400 MT), Japan (3,300 MT), Hong Kong (1,600 MT), Canada (1,500 MT), and South Korea (1,400 MT). |
| Comments and Performance Indicators | USDA projects exports in 2017 to be 9.8% above last year’s total. |
