Soybean & Wheat Export Sales Top Expectations by Wide Margin

May 23, 2013 02:54 AM
 

The Weekly Export Sales Report for the week ended May 16, 2013, reflected very strong demand for wheat and soy products. Weekly corn export sales also improved from week ago and came in near the top of expectations. Beef export sales surged from the week prior, while pork export sales matched last week's tally.

USDA Weekly Export Sales Report
Week Ended May 16, 2013

Corn

Actual Sales (in metric tons -- MT)

Combined: 446,200 MT
2012-13: 104,600 MT
2013-14: 341,600 MT

Trade Expectations

200,000 to 500,000 MT

Weekly Sales Details

Net sales of 104,600 MT for 2012-13 were down 52% from the previous week and 57% from the prior 4-week average. Increases reported for Mexico (40,300 MT), unknown destinations (32,000 MT), Jamaica (13,300 MT), Venezuela (8,800 MT), and Trinidad (7,000 MT), were partially offset by decreases for the Dominican Republic (6,500 MT) and Costa Rica (2,900 MT). Net sales of 341,600 MT for 2013-14 were for unknown destinations (205,400 MT), Japan (64,200 MT), China (60,000 MT), and Mexico (19,000 MT). Decreases were reported for Trinidad (7,000 MT).

Weekly Export Details

Exports of 270,000 MT were down 10% from the previous week and 11% from the prior 4-week average. The primary destinations were Mexico (142,200 MT), Japan (35,600 MT), Taiwan (33,300 MT), Cuba (27,000 MT), and Panama (13,200 MT).

Comments and Performance Indicators

Sales were within expectations. Export commitments for the new marketing year are 55% behind year ago compared to 55% behind last week. USDA projects exports in 2012-13 to be 51.4% below the previous marketing year.

Wheat

Actual Sales (in metric tons -- MT)
<​b>Combined: 953,000 MT
2012-13: 239,400 MT
2013-14: 713,600 MT
<​/strong>
Trade Expectations
400,000 to 700,000 MT
Weekly Sales Details
Net sales of 239,400 MT for delivery in the 2012-13 marketing year were up 91% from the previous week and 55% from the prior 4-week average. Increases reported for Nigeria (105,400 MT, including 81,600 MT switched from unknown destinations and decreases of 1,200 MT), Brazil (72,000 MT), Mexico (46,400 MT), Venezuela (28,500 MT), Algeria (26,300 MT, including 25,000 MT switched from unknown destinations), and Israel (24,600 MT), were partially offset by decreases for unknown destinations (98,600 MT), the Dominican Republic (3,500 MT), and Panama (1,400 MT). Net sales of 713,600 MT for delivery in the 2013-14 marketing year were primarily for unknown destinations (162,900 MT), the Dominican Republic (68,100 MT), Venezuela (66,500 MT), Malaysia (65,000 MT), and Peru (58,000 MT).
Weekly Export Details

Exports of 441,700 MT were down 39% from the previous week and 33% from the prior 4-week average. The primary destinations were Nigeria (140,300 MT), Brazil (60,000 MT), Algeria (45,700 MT), Taiwan (37,500 MT), Japan (31,100 MT), and Mexico (28,600 MT).

Comments and Performance Indicators

Sales were well above expectations. Export commitments for the 2012-13 marketing year are 3% behind year-ago, compared to 4% behind last week. USDA projects exports in 2012-13 to be up 16.8% compared with the previous marketing year.

Soybeans

 
Actual Sales (in metric tons -- MT)
Combined: 1,022,400 MT
2012-13: 183,500 MT
2013-14: 838,900 MT
Trade Expectations
400,000 to 800,000 MT
Weekly Sales Details
Net sales of 183,500 MT for 2012-13 were reported for unknown destinations (82,800 MT), Japan (35,200 MT), Indonesia (30,900 MT, including 25,200 MT switched from unknown destinations), Mexico (22,700 MT), and Vietnam (4,100 MT). Net sales of 838,900 MT for 2013-14 were primarily for China (531,000 MT), unknown destinations (180,000 MT), the United Kingdom (60,000 MT), and Egypt (60,000 MT). Decreases were reported for Indonesia (5,000 MT).
Weekly Export Details
Exports of 100,800 MT -- a marketing-year low -- were down 40% from the previous week and 55% from the prior 4-week average. The primary destinations were Indonesia (45,100 MT), Taiwan (18,300 MT), Mexico (16,400 MT), Japan (8,000 MT), and Vietnam (6,100 MT).
Comments and Performance Indicators

Sales were well above expectations. Export commitments for the new marketing year are running 2% ahead of year-ago compared to 4% 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: 256,600 MT
2012-13: 131,200
MT
2013-14: 125,400 MT
Trade Expectations
100,000 to 225,000 MT
Weekly Sales Details
Net sales of 131,200 MT for 2012-13 were up 58% from the previous week and 30% from the prior 4-week average. Increases were reported for Ecuador (62,200 MT, including 33,600 MT switched from Colombia), unknown destinations (27,300 MT), Venezuela (23,000 MT), Morocco (15,000 MT), Canada (8,200 MT), and Jamaica (8,000 MT). Decreases were reported for Colombia (25,300 MT) and Portugal (8,700 MT). Net sales of 125,400 MT for delivery in 2013-14 were primarily for unknown destinations (75,000 MT) and Vietnam (47,000 MT).
Weekly Export Details
Exports of 138,600 MT were up 10% from the previous week and 8% from the prior 4-week average. The primary destinations were Egypt (39,900 MT), Ecuador (28,600 MT), Colombia (15,800 MT), Canada (11,600 MT), Guatemala (7,900 MT), and Panama (7,300 MT).
Comments and Performance Indicators
Sales were above expectations. Export commitments are running 33% ahead of last year's pace compared to 33% ahead of year-ago last week. USDA projects exports in 2012-13 to be 1.6% ahead of the previous marketing year.

Soyoil

Actual Sales (in metric tons -- MT)

<​b> 2012-13: 9,600 MT<​/strong><​/b>

Trade Expectations
0 to 15,000 MT
Weekly Sales Details
Net sales of 9,600 MT for 2012-13 resulted as increases for South Korea (8,000 MT), Mexico (1,600 MT), and Guatemala (500 MT), were partially offset by decreases for Canada (600 MT).
Weekly Export Details
Exports of 11,500 MT were up 24% from the previous week and 85% from the prior 4-week average. The primary destinations were South Korea (8,000 MT), Mexico (2,100 MT), and Canada (1,200 MT).
Comments and Performance Indicators
Sales were within expectations. Export commitments for the new marketing year are 99% ahead of year-ago, compared to 101% 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: 138,100 RB
2012-13: 101,700 RB
2013-14: 36,400 RB
Trade Expectations
NA
Weekly Sales Details
Net Upland sales of 101,700 running bales for 2012-13 were up 37% from the previous week, but down 45% from the prior 4-week average. Increases were reported for China (29,900 RB), Turkey (17,200 RB), Vietnam (16,000 RB), South Korea (10,700 RB, including 3,500 RB switched from China), and Thailand (10,200 RB). Decreases were reported for Pakistan (2,100 RB) and Mexico (1,100 RB). Net sales of 36,400 RB for 2013-14 primarily reported for South Korea (20,100 RB), Mexico (11,400 RB), and Thailand (7,000 RB), were partially offset by decreases for Turkey (7,900 RB).
Weekly Export Details
Exports of 232,900 RB were down 24% from the previous week and 28% from the prior 4-week average. The primary destinations were China (59,100 RB), Turkey (46,300 RB), Vietnam (30,100 RB), Mexico (17,200 RB), South Korea (13,700 RB), and Taiwan (12,400 RB).
Comments and Performance Indicators
Export commitments are 6% ahead of year-ago compared to 6% ahead last week. USDA projects exports in 2012-13 to be 13.2% ahead of the previous marketing year.

Beef

Actual Sales (in metric tons -- MT)
2013: 20,400 MT
Weekly Sales Details
Net sales of 20,400 MT for 2013 were primarily for Japan (6,200 MT), Hong Kong (5,400 MT, including 1,100 MT switched from Vietnam and 100 MT switched from the Philippines), Mexico (4,400 MT), South Korea (1,800 MT), and Canada (1,800 MT). Decreases were reported for Vietnam (1,100 MT).
Weekly Export Details
Exports of 14,000 MT were up 14% from the previous week and 17% from the prior 4-week average. The primary destinations were Japan (5,200 MT), Mexico (2,600 MT), South Korea (1,700 MT), Canada (1,600 MT), and Hong Kong (1,300 MT).
Comments and Performance Indicators
Exports compare to 4,700 MT last week. USDA projects exports in 2013 to be 1.8% below last year's total.

Pork

Actual Sales (in metric tons -- MT)
2013: 7,200 MT
Weekly Sales Details
Net sales of 7,200 MT for 2013 were primarily for Mexico (3,000 MT), Canada (800 MT), South Korea (800 MT), Hong Kong (700 MT), and China (700 MT).
Weekly Export Details
Exports of 10,000 MT were primarily to Mexico (3,700 MT), South Korea (1,300 MT), Japan (1,200 MT), Hong Kong (1,100 MT), and Canada (1,000 MT).
Comments and Performance Indicators
Exports compare to 7,200 MT last week. USDA projects exports in 2013 to be 6.6% below last year's total.

Link to USDA report.

 


 

 

Back to news

Comments

 

Rate this News Article:

Spell Check

No comments have been posted to this News Article

Close