Wheat Export Sales Top Expectations

May 16, 2013 02:51 AM
 

The Weekly Export Sales Report for the week ended May 9, 2013, showed corn and soybean export sales coming within relatively light expectations. Wheat export sales, on the other hand, topped expectations and last week's tally. Cotton export sales were lackluster, and beef and pork exports both fell the week ended May 9 compared to the week prior.

USDA Weekly Export Sales Report
Week Ended May 9, 2013

Corn

Actual Sales (in metric tons -- MT)

Combined: 258,500 MT
2012-13: 219,900
MT
2013-14: 38,600 MT

Trade Expectations

200,000 to 550,000 MT

Weekly Sales Details

Net sales of 219,900 MT for 2012-13 were up 90% from the previous week, but down 24% from the prior 4-week average. Increases reported for Mexico (136,700 MT, including 33,300 MT switched from unknown destinations and decreases of 4,000 MT), Japan (132,900 MT, including 85,400 MT switched from unknown destinations and decreases of 25,400 MT), Venezuela (19,800 MT), Canada (10,700 MT), El Salvador (10,200 MT, switched from Guatemala), and Trinidad (7,200 MT), were partially offset by decreases for unknown destinations (86,000 MT), Panama (14,500 MT), and Guatemala (11,200 MT). Net sales of 38,600 MT for 2013-14 were for Mexico (31,100 MT) and Panama (7,500 MT).

Weekly Export Details

Exports of 298,500 MT were up 55% from the previous week, but down 2% from the prior 4-week average. The primary destinations were Japan (132,700 MT), Mexico (79,900 MT), Venezuela (22,500 MT), Guatemala (19,000 MT), and Honduras (15,000 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)
Combined: 540,600 MT
2012-13: 125,000 MT
2013-14: 415,600 MT
Trade Expectations
200,000 to 500,000 MT
Weekly Sales Details
Net sales of 125,000 MT for delivery in the 2012-13 marketing year were down 48% from the previous week and 52% from the prior 4-week average. Increases reported for the Philippines (65,000 MT, including 60,000 MT switched from unknown destinations), Egypt (63,000 MT, including 60,000 MT switched from unknown destinations), Saudi Arabia (57,700 MT, including 55,000 MT switched from unknown destinations), Guatemala (35,300 MT, including 32,600 MT switched from unknown destinations), Peru (35,000 MT, including 27,500 MT switched from Haiti), and Indonesia (32,600 MT), were more than offset by decreases for unknown destinations (255,100 MT), Japan (60,000 MT), and Haiti (27,500 MT). Net sales of 415,600 MT for delivery in the 2013-14 marketing year were primarily for unknown destinations (196,900 MT), Japan (64,800 MT), Brazil (57,000 MT), and Mexico (38,700 MT).
Weekly Export Details

Exports of 726,800 MT were up 30% from the previous week and 11% from the prior 4-week average. The primary destinations were Japan (148,000 MT), Mexico (82,300 MT), the Philippines (65,000 MT), Egypt (63,000 MT), Saudi Arabia (57,700 MT), and Nigeria (44,600 MT).

Comments and Performance Indicators

Sales were above expectations. Export commitments for the 2012-13 marketing year are 4% behind year-ago, compared to 3% 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: 361,900 MT
2012-13: 15,300 MT
2013-14: 346,600 MT
Trade Expectations
200,000 to 600,000 MT
Weekly Sales Details
Net sales of 15,300 MT for 2012-13 resulted as increases for Mexico (10,300 MT), Taiwan (8,700 MT), Canada (3,100 MT), Vietnam (1,800 MT), and Indonesia (1,300 MT), were partially offset by decreases for unknown destinations (9,000 MT) and Japan (1,900 MT). Net sales of 346,600 MT for 2013-14 were primarily for China (275,000 MT), Mexico (45,000 MT), and unknown destinations (20,500 MT).
Weekly Export Details
Exports of 167,600 MT were down 3% from the previous week and 23% from the prior 4-week average. The primary destinations were China (66,400 MT), Mexico (31,000 MT), Indonesia (26,400 MT), Japan (13,200 MT), Taiwan (9,900 MT), and Vietnam (8,000 MT).
Comments and Performance Indicators

Sales were within expectations. Export commitments for the new marketing year are running 4% ahead of year-ago compared to 6% 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: 192,500 MT
2012-13:<​b> 82,800 MT
2013-14: 109,700 MT
<​/b>
Trade Expectations
25,000 to 150,000 MT
Weekly Sales Details
Net sales of 82,800 MT for 2012-13 were up noticeably from the previous week, but down 44% from the prior 4-week average. Increases were reported for Colombia (52,000 MT), Venezuela (26,700 MT, including 25,000 MT switched from unknown destinations), the United Kingdom (24,500 MT, switched from unknown destinations), Mexico (22,800 MT), Canada (9,000 MT), and Ecuador (7,400 MT, including 8,000 MT switched from unknown destinations and decreases of 600 MT). Decreases were reported for unknown destinations (75,400 MT), Guatemala (3,400 MT), and Panama (3,200 MT). Net sales of 109,700 MT for delivery in 2013-14 were for Vietnam (94,000 MT), Canada (12,800 MT), and the Philippines (2,900 MT).
Weekly Export Details
Exports of 125,700 MT were up 35% from the previous week, but down 8% from the prior 4-week average. The primary destinations were Venezuela (26,700 MT), the United Kingdom (24,500 MT), Mexico (14,400 MT), Canada (13,700 MT), Ecuador (7,400 MT), Guatemala (6,800 MT), and Bangladesh (6,500 MT).
Comments and Performance Indicators
Sales were above expectations. Export commitments are running 33% ahead of last year's pace compared to 35% 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><​strong>​ 2012-13: -5,300 MT

Trade Expectations
0 to 15,000 MT
Weekly Sales Details
Net sales reductions of 5,300 MT for 2012-13 resulted as increases for Nicaragua (500 MT), unknown destinations (100 MT), and Belgium (100 MT), were more than offset by decreases for Mexico (4,700 MT), Colombia (900 MT), and Canada (600 MT).
Weekly Export Details
Exports of 9,300 MT were down 3% from the previous week and 33% from the prior 4-week average. The primary destinations were Jamaica (4,000 MT), Mexico (2,800 MT), Canada (900 MT), and Trinidad (800 MT).
Comments and Performance Indicators
Sales were X expectations. Export commitments for the new marketing year are 101% ahead of year-ago, compared to 107% 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: 142,800 RB
2012-13: 74,000 RB
2013-14: 68,800 RB
Trade Expectations
NA
Weekly Sales Details
Net Upland sales of 74,000 running bales for 2012-13 were down 37% from the previous week and 66% from the prior 4-week average. Increases were reported for China (28,600 RB), Vietnam (17,200 RB), Morocco (8,000 RB), Thailand (6,100 RB), and Taiwan (4,400 RB). Decreases were reported for Turkey (9,800 RB). Net sales of 68,800 RB for 2013-14 were primarily for Turkey (32,700 RB), Mexico (14,600 RB), and Pakistan (13,000 RB). Decreases were reported for Thailand (2,100 RB) and Japan (700 RB).
Weekly Export Details
Exports of 306,700 RB were up 11% from the previous week, but down 11% from the prior 4-week average. The primary destinations were China (98,200 RB), Turkey (63,600 RB), Mexico (38,600 RB), Vietnam (22,000 RB), South Korea (16,500 RB), and Brazil (11,100 RB).
Comments and Performance Indicators
Export commitments are 6% ahead of year-ago compared to 7% 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: 4,700 MT<​/strong>
Weekly Sales Details
Net sales of 4,700 MT for 2013 resulted as increases for Canada (2,800 MT), Hong Kong (1,800 MT, including 500 MT switched from Vietnam and decreases of 200 MT), South Korea (1,600 MT), Mexico (1,200 MT), and Taiwan (700 MT), were partially offset by decreases for Japan (3,000 MT) and Vietnam (600 MT).
Weekly Export Details
Exports of 12,300 MT were up 8% from the previous week and 4% from the prior 4-week average. The primary destinations were Japan (4,300 MT), Mexico (2,200 MT), South Korea (1,500 MT), Canada (1,400 MT), and Hong Kong (1,200 MT).
Comments and Performance Indicators
Exports compare to 10,100 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 Japan (1,900 MT), Canada (1,700 MT), Mexico (900 MT), South Korea (700 MT), and Hong Kong (600 MT).
Weekly Export Details
Exports of 10,000 MT were primarily to Mexico (3,900 MT), Canada (1,500 MT), South Korea (1,100 MT) and Japan (1,100 MT).
Comments and Performance Indicators
Exports compare to 9,600 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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