Corn, Soybean & Wheat Export Sales as Expected

July 5, 2013 02:48 AM
 

The Weekly Export Sales Report for the week ended June 27, 2013, held little surprise, as corn, wheat and soybean export sales all met expectations. Cotton export sales were light. Beef and pork export sales declined from last week's strong numbers, but sales were still solid.

USDA Weekly Export Sales Report
Week Ended June 27, 2013

Corn

Actual Sales (in metric tons -- MT)

Combined: 314,500 MT
2012-13: 233,100 MT
2013-14: 81,400 MT

Trade Expectations

250,000 to 500,000 MT

Weekly Sales Details

Net sales of 233,100 MT for 2012-13 were down 31% from the previous week, but up 42% from the prior 4-week average. Increases were reported for Japan (146,600 MT, including 94,200 MT switched from unknown destinations and decreases of 2,400 MT), Venezuela (70,900 MT, including 31,900 MT switched from unknown destinations), Brazil (32,000 MT), Panama (16,100 MT), and the Dominican Republic (14,800 MT), were partially offset by decreases for unknown destinations (62,700 MT). Net sales of 81,400 MT for 2013-14 were primarily for unknown destinations (69,000 MT) and Mexico (10,800 MT). Decreases were reported for Japan (7,900 MT).

Weekly Export Details

Exports of 353,400 MT were up noticeably from the previous week and 33% from the prior 4-week average. The primary destinations were Japan (240,600 MT), Mexico (60,500 MT), Venezuela (31,900 MT), and the Dominican Republic (15,800 MT).

Comments and Performance Indicators

Sales were within expectations. Export commitments for the new marketing year are 53% behind year ago compared to 54% behind last week. USDA projects exports in 2012-13 to be 54.6% below the previous marketing year.

Wheat

Actual Sales (in metric tons -- MT)
2013-14: <​b>593,000 MT<​/strong>
Trade Expectations
400,000 to 800,000 MT
Weekly Sales Details
Net sales of 593,000 MT for delivery in the 2013-14 marketing year were primarily for China (239,300 MT, including 165,000 MT switched from unknown destinations), Mexico (122,900 MT), Nigeria (99,900 MT, including 7,000 MT switched from unknown destinations), Brazil (60,500 MT), and Ecuador (32,800 MT, including 27,200 MT switched from unknown destinations and 3,400 MT switched from Peru). Decreases were reported for unknown destinations (107,100 MT).
Weekly Export Details

Exports of 688,500 MT were primarily to China (233,000 MT), Brazil (89,000 MT), Thailand (76,200 MT), Japan (66,900 MT), Mexico (54,000 MT), Ecuador (48,300 MT), and the Philippines (28,500 MT).

Comments and Performance Indicators

Sales were within expectations. Export commitments to start the 2013-14 marketing year are running 28% ahead of year-ago, compared to 27% ahead last week. USDA projects exports in 2013-14 to be down 3.5% compared with the previous marketing year.

Soybeans

 
Actual Sales (in metric tons -- MT)
Combined: 369,700 MT
2012-13: 120,600<​/b> MT
2013-14: 249,100 MT
Trade Expectations
200,000 to 500,000 MT
Weekly Sales Details
Net sales of 120,600 MT for 2012-13 were up noticeably from the previous week and from the prior 4-week average. Increases were for Mexico (39,900 MT), Indonesia (28,900 MT, including 25,100 MT switched from unknown destinations and decreases of 1,400 MT), unknown destinations (24,500 MT), Taiwan (11,900 MT), and Japan (8,700 MT). Net sales of 249,100 MT for 2013-14 were for unknown destinations (196,500 MT) and Mexico (52,600 MT).
Weekly Export Details
Exports of 115,900 MT were down 48% from the previous week and 18% from the prior 4-week average. The primary destinations were Japan (48,600 MT), Mexico (29,500 MT), Indonesia (29,300 MT), Vietnam (4,500 MT), and Taiwan (2,200 MT).
Comments and Performance Indicators

Sales were within expectations. Export commitments for the new marketing year are running 2% behind year-ago compared to 2% behind year-ago last week. USDA projects exports in 2012-13 to be 2.3% below the previous marketing year.

Soymeal

Actual Sales (in metric tons -- MT)
Combined: 120,500 MT
2012-13: 116,300<​/strong> MT
2013-14: 4,200 MT
<​/strong>
Trade Expectations
50,000 to 125,000 MT
Weekly Sales Details
Net sales of 116,300 MT for 2012-13 were up noticeably from the previous week and 74% from the prior 4-week average. Increases reported for the Philippines (59,200 MT), Venezuela (25,000 MT), Mexico (10,200 MT), Panama (7,900 MT), Canada (7,600 MT), and Israel (7,500 MT switched from unknown destinations), were partially offset by decreases for unknown destinations (7,500 MT), Bangladesh (600 MT), Nicaragua (500 MT), and Ecuador (200 MT). Net sales of 4,200 MT for 2013-14 were for Canada.
Weekly Export Details
Exports of 86,300 MT were down 39% from the previous week and 27% from the prior 4-week average. The primary destinations were Mexico (32,300 MT), Ecuador (29,900 MT), Canada (14,400 MT), the Philippines (3,200 MT), and Bangladesh (2,200 MT).
Comments and Performance Indicators
Sales were within expectations. Export commitments are running 24% ahead of last year's pace compared to 25% ahead of year-ago last week. USDA projects exports in 2012-13 to be 4.9% ahead of the previous marketing year.

Soyoil

Actual Sales (in metric tons -- MT)

2012-13: 1,600 MT<​/b>

Trade Expectations
0 MT to 10,000 MT
Weekly Sales Details
Net sales of 1,600 MT for 2012-13 were down 45% from the previous week and 87% and from the prior 4-week average. Increases were reported for Nicaragua (800 MT), Trinidad (700 MT), and Australia (100 MT).
Weekly Export Details
Exports of 5,900 MT were up noticeably from the previous week and 29% from the prior 4-week average. The primary destinations were Venezuela (2,500 MT), Mexico (900 MT), Canada (800 MT), and Nicaragua (800 MT).
Comments and Performance Indicators
Sales were within expectations. Export commitments for the new marketing year are 82% ahead of year-ago, compared to 84% ahead last week. USDA projects exports in 2012-13 to be 50.3% ahead of the previous marketing year.

Cotton

Actual Sales (in running bales -- RB)
Combined: 76,000 RB
2012-13: 34,500 RB
2013-14: 41,500 RB
Trade Expectations
NA
Weekly Sales Details
Net Upland sales of 34,500 running bales for 2012-13 were down 39% from the previous week and 67% from the prior 4-week average. Increases were reported for Taiwan (9,600 RB), China (8,000 RB), Thailand (4,900 RB), Vietnam (3,000 RB, including 200 RB switched from Japan and decreases of 500 RB), and Turkey (2,600 RB). Decreases were reported for Japan (1,100 RB). Net sales of 41,500 RB for 2013-14 were reported primarily for Mexico (13,600 RB), Turkey (8,800 RB), China (5,600 RB), and Thailand (3,700 RB). Decreases were reported for Ecuador (400 RB).
Weekly Export Details
Exports of 196,200 RB were up 50% from the previous week, but down 5% from the prior 4-week average. The primary destinations were China (64,400 RB), Turkey (39,700 RB), Indonesia (18,200 RB), Vietnam (12,500 RB), and Peru (11,400 RB).
Comments and Performance Indicators
Export commitments are 6% ahead of year-ago compared to 6% ahead with year-ago last week. USDA projects exports in 2012-13 to be 16.1% ahead of the previous marketing year.

Beef

Actual Sales (in metric tons -- MT)
<​b><​strong>2013: 12,400 MT​<​/td>
Weekly Sales Details
Net sales of 12,400 MT for 2013 were primarily for Japan (5,400 MT), Mexico (2,100 MT), Canada (1,800 MT), South Korea (1,000 MT), and Hong Kong (1,000 MT). Decreases were reported for Qatar (100 MT) and Germany (100 MT).
Weekly Export Details
Exports of 15,600 MT were up 2% from the previous week and 8% from the prior 4-week average. The primary destinations were Japan (4,800 MT), Hong Kong (2,700 MT), Mexico (2,700 MT), Canada (2,300 MT), and South Korea (1,700 MT).
Comments and Performance Indicators
Exports compare to 20,000 MT last week. USDA projects exports in 2013 to be 5.8% below last year's total.

Pork

Actual Sales (in metric tons -- MT)
<​b><​strong>2013: 10,000 MT​<​/td>
Weekly Sales Details
Net sales of 10,000 MT for 2013 were primarily for Hong Kong (5,700 MT), Canada (1,400 MT), Japan (1,100 MT), South Korea (600 MT), and Singapore (300 MT). Decreases were reported for Mexico (500 MT).
Weekly Export Details
Exports of 8,600 MT were primarily to Mexico (2,900 MT), Canada (1,100 MT), Japan (1,100 MT), Hong Kong (900 MT), and South Korea (500 MT).
Comments and Performance Indicators
Exports compare to 18,600 MT last week. USDA projects exports in 2013 to be 6.6% below last year's total.

Link to USDA report.

 


 

 

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