Corn & Wheat Export Sales Match Expectations

April 11, 2013 02:52 AM
 

The Weekly Export Sales Report for the week ended April 4, 2013, showed corn export sales came within expectations, but both tallies ticked up from last week. Soybean export sales, on the other hand, fell short of expectations and declined notably over the week prior. Cotton export sales were decent if not impressive. Meat market exports also slowed last week.

USDA Weekly Export Sales Report
Week Ended April 4, 2013

Corn

Actual Sales (in metric tons -- MT)

Combined: 476,000 MT
2012-13: 185,200 MT 2013-14: 290,800 MT

Trade Expectations

250,000 to 500,000 MT

Weekly Sales Details

Net sales of 185,200 MT for the 2012-13 marketing year were down 48% from the previous week and 28% from the prior 4-week average. Increases reported for Mexico (82,000 MT, including 34,000 MT switched from unknown destinations), Japan (37,200 MT), Taiwan (33,600 MT), Colombia (24,500 MT), Honduras (15,100 MT), and Canada (12,900 MT), were partially offset by decreases for unknown destinations (19,300 MT) and Panama (3,300 MT). Net sales of 290,800 MT for the 2013-14 marketing year were for unknown destinations (233,000 MT), China (55,000 MT), and Nicaragua (2,800 MT).

Weekly Export Details

Exports of 279,800 MT were down 51% from the previous week and 37% from the prior 4-week average. The primary destinations were Japan (111,300 MT), Mexico (90,000 MT), China (54,100 MT), Panama (14,300 MT), and Taiwan (6,700 MT).

Comments and Performance Indicators

Sales were within expectations. Export commitments for the new marketing year are 55% behind year ago compared to 54% behind last week. USDA projects exports in 2012-13 to be 48.2% below the previous marketing year.

Wheat

Actual Sales (in metric tons -- MT)
<​strong>Combined: 339,500 MT
2012-13: 263,500 MT
2013-14: 76,000 MT
<​/strong>
Trade Expectations
300,000 to 600,000 MT
Weekly Sales Details
Net sales of 263,500 MT for the 2012-13 marketing year were up 87% from the previous week, but down 50% from the prior 4-week average. Increases reported for Nigeria (90,400 MT), the Philippines (50,000 MT), Uruguay (25,000 MT), Japan (20,100 MT), Colombia (13,800 MT), and Egypt (11,700 MT), were partially offset by decreases for unknown destinations (15,000 MT). Net sales of 76,000 MT for the 2013-14 marketing year were mainly reported for Mexico (39,200 MT), South Korea (29,300 MT), and China (7,000 MT).
Weekly Export Details
Exports of 772,200 MT were up 52% from the previous week and 26% from the prior 4-week average. The primary destinations were Nigeria (148,900 MT), Japan (137,500 MT), the Philippines (101,000 MT), Egypt (98,700 MT), Morocco (61,000 MT), and Thailand (49,500 MT).
Comments and Performance Indicators
Sales were within expectations. Export commitments for the 2012-13 marketing year are 3% behind year-ago, compared to 2% behind last week. USDA projects exports in 2012-13 to be down 2.4% compared with the previous marketing year.

Soybeans

 
Actual Sales (in metric tons -- MT)
Combined: 383,700 MT
2012-13: 319,200<​/b> MT
2013-14: 64,500 MT
Trade Expectations
500,000 to 800,000 MT
Weekly Sales Details
Net sales of 319,200 MT for the 2012-13 marketing year were down 19% from the previous week, but up 4% from the prior 4-week average. Increases reported for China (526,000 MT, including 220,200 MT switched from unknown destinations), Mexico (64,000 MT), Japan (51,400 MT, including 30,000 MT switched from unknown destinations and decreases of 2,600 MT), Egypt (28,300 MT switched from unknown destinations), and Indonesia (17,000 MT), were partially offset by decreases for unknown destinations (401,900 MT). Net sales of 64,500 MT for delivery in the 2013-14 marketing year were for unknown destinations (60,000 MT), Indonesia (3,000 MT), and Japan (1,500 MT).
Weekly Export Details
Exports of 645,700 MT were up 36% from the previous week and 27% from the prior 4-week average. The primary destinations were China (420,100 MT), Japan (68,200 MT), Mexico (42,400 MT), Egypt (28,300 MT), Taiwan (23,000 MT), Colombia (21,100 MT), and Indonesia (15,400 MT). Note: Accumulated exports were adjusted down for the Netherlands (54,400 MT).
Comments and Performance Indicators

Sales were below expectations. Export commitments for the new marketing year are running 13% ahead of year-ago compared to 14% ahead last week. USDA projects exports in 2012-13 to be 0.9% below the previous marketing year.

Soymeal

Actual Sales (in metric tons -- MT)
Combined: 234,600 MT
2012-13: <​b>227,100 MT
2013-14: 7,500 MT
<​/strong>
Trade Expectations
75,000 to 200,000 MT
Weekly Sales Details
Net sales of 227,100 MT for the 2012-13 marketing year were up noticeably from the previous week and from the prior 4-week average. Increases were reported for unknown destinations (56,500 MT), Mexico (49,800 MT), Venezuela (35,000 MT), Colombia (18,700 MT), Canada (14,800 MT), and the Philippines (10,700 MT). Net sales of 7,500 MT for delivery in the 2013-14 marketing year were reported for Mexico (5,600 MT) and Canada (1,900 MT).
Weekly Export Details
Exports of 123,800 MT were down 42% from the previous week and 50% from the prior 4-week average. The primary destinations were Vietnam (44,800 MT), Mexico (34,200 MT), Canada (12,700 MT), Panama (8,100 MT), the Philippines (6,500 MT), and Colombia (5,400 MT).
Comments and Performance Indicators
Sales were above expectations. Export commitments are running 41% ahead of last year's pace compared to 38% ahead of year-ago last week. USDA projects exports in 2012-13 to be 4.0% behind the previous marketing year.

Soyoil

Actual Sales (in metric tons -- MT)

2012-13: 7,700 MT<​/strong><​/b>

Trade Expectations
0 to 15,000 MT
Weekly Sales Details
Net sales of 7,700 MT for the 2012-13 marketing year were down noticeably from the previous week and 8% from the prior 4-week average. Increases were reported for Mexico (3,600 MT), Venezuela (2,500 MT), Canada (1,000 MT), and Nicaragua (500 MT).
Weekly Export Details
Exports of 7,100 MT were down 6% from the previous week and 57% from the prior 4-week average. The primary destinations were Mexico (4,100 MT), Canada (2,400 MT)and Nicaragua (500 MT).
Comments and Performance Indicators
Sales were within expectations. Export commitments for the new marketing year are 146% ahead of year-ago, compared to 145% ahead last week. USDA projects exports in 2012-13 to be 57.1% ahead of the previous marketing year.

Cotton

Actual Sales (in running bales -- RB)
Combined: 164,400 RB
2012-13: 147,100 RB
2013-14: 17,300 RB
Trade Expectations
NA
Weekly Sales Details
Net Upland sales of 147,100 running bales for the 2012-13 marketing year were down 1% from the previous week and from the prior 4-week average. Increases were reported for China (99,200 RB), Vietnam (22,600 RB), Thailand (8,500 RB, including 800 RB switched from India and 800 RB switched from Japan and decreases of 200 RB), Brazil (6,000 RB), and Taiwan (3,800 RB). Decreases were reported for Turkey (10,900 RB), Mexico (2,400 RB), and El Salvador (1,100 RB). Net sales of 17,300 RB for delivery in the 2013-14 marketing year were primarily for Mexico (7,000 RB) and South Korea (6,300 RB).
Weekly Export Details
Exports of 271,800 RB were down 25% from the previous week and 18% from the prior 4-week average. The primary destinations were China (109,300 RB), Turkey (49,400 RB), Vietnam (21,800 RB), Mexico (17,600 RB), Indonesia (11,600 RB), and Bangladesh (9,500 RB).
Comments and Performance Indicators
Export commitments are 1% behind year-ago compared to 1% behind last week. USDA projects exports in 2012-13 to be 11.0% ahead of the previous marketing year.

Beef

Actual Sales (in metric tons -- MT)
<​b>2013: 10,200 MT<​/strong>
Weekly Sales Details
Net sales of 10,200 MT for delivery in 2013 were down 3% from the previous week and 45% from the prior 4-week average. Increases were reported for Japan (5,300 MT), Mexico (2,100 MT), Canada (1,400 MT), Taiwan (600 MT), and South Korea (500 MT).
Weekly Export Details
Exports of 12,500 MT were primarily to Japan (4,000 MT), Mexico (2,100 MT), South Korea (1,400 MT), Vietnam (1,300 MT), and Canada (1,200 MT).
Comments and Performance Indicators
Exports compare to 10,500 MT last week. USDA projects exports in 2013 to be 1.2% below last year's total.

Pork

Actual Sales (in metric tons -- MT)
<​strong>2013: 13,300 MT
Weekly Sales Details
Net sales of 13,300 MT for delivery in 2013 were primarily for Hong Kong (2,800 MT), South Korea (2,700 MT), Japan (2,600 MT), Canada (1,600 MT), and Mexico (1,200 MT).
Weekly Export Details
Exports of 8,000 MT were mainly to Mexico (2,900 MT), Canada (1,200 MT), Japan (1,200 MT), Hong Kong (700 MT), and South Korea (600 MT).
Comments and Performance Indicators
Exports compare to 48,400 MT last week. USDA projects exports in 2013 to be 3.3% below last year's total.

Link to USDA report.

 


 

 

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