USDA Weekly Export Sales Report | |
| Corn | |
| Actual Sales (in MT) | Combined: 1,474,100 |
| Trade Expectations (MT) | 1,000,000-1,500,000 |
| Weekly Sales Details | Net sales of 1,347,000 MT for 2016-17 were up 11% from the previous week and 59% from the prior four-week average. Increases were for South Korea (593,700 MT, including 129,000 MT switched from unknown destinations and decreases of 5,300 MT), Japan (297,000 MT, including 54,400 MT switched from unknown destinations and decreases of 7,000 MT), Mexico (162,700 MT, including decreases of 6,600 MT), Saudi Arabia (113,100 MT, including 65,000 MT switched from unknown destinations), and Morocco (103,100 MT, including 53,100 MT switched from unknown destinations). Reductions were reported for unknown destinations (272,300 MT) and Costa Rica (2,000 MT). For 2017-18, net sales of 127,100 MT were reported for Mexico (120,000 MT) and Japan (7,100 MT). |
| Weekly Export Details | Exports of 1,382,200 MT were down 10% from the previous week and 3% from the prior four-week average. The primary destinations were Mexico (259,100 MT), South Korea (244,500 MT), Japan (234,600 MT), Colombia (196,300 MT), and Saudi Arabia (143,100 MT). |
| Comments and Performance Indicators | Sales were near the top end of expectations. Export commitments for 2016-17 are running 51% ahead of year-ago compared to 51% ahead the week prior. USDA projects exports in 2016-17 at 2.225 billion bu., up 17.2% from the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | Combined: 568,300 |
| Trade Expectations (MT) | 300,000-700,000 |
| Weekly Sales Details | Net sales of 418,500 metric tons for delivery in marketing year 2016-17 were up 58% from the previous week and 17% from the prior four-week average. Increases were reported for Japan (122,400 MT, including 34,800 MT switched from unknown destinations and decreases of 1,000 MT), Algeria (120,000 MT), Mexico (69,100 MT, including decreases of 1,300 MT), China (66,000 MT, including 60,000 MT switched from unknown destinations), and Saudi Arabia (60,000 MT). Reductions were reported for unknown destinations (221,600 MT), Singapore (16,300 MT), and Honduras (8,500 MT). For 2017-18, net sales of 149,800 MT were reported primarily for the Philippines (50,000 MT), South Korea (48,000 MT), and unknown destinations (39,200 MT). Reductions were reported for the Dominican Republic (5,400 MT). |
| Weekly Export Details | Exports of 648,700 MT were up 5% from the previous week and 17% and from the prior four-week average. The destinations were primarily Japan (147,100 MT), China (126,000 MT), Mexico (101,600 MT), the Philippines (53,800 MT), and South Korea (39,400 MT). |
| Comments and Performance Indicators | Sales came in as expected. Export commitments for 2016-17 are running 37% ahead of year-ago versus 37% ahead the week prior. USDA projects exports in 2016-17 at 1.025 billion bu., up 32.3% from the previous marketing year. |
| Soybeans | |
| Actual Sales (in MT) | Combined: 818,100 |
| Trade Expectations (MT) | 450,000-850,000 |
| Weekly Sales Details | Net sales of 738,200 MT for 2016-17 were up 57% from the previous week and 72% from the prior four-week average. Increases were reported for China (194,200 MT, including 66,000 MT switched from unknown destinations and decreases of 100 MT), the Netherlands (143,300 MT, including 132,000 MT switched from unknown destinations), unknown destinations (119,700 MT), Mexico (107,400 MT, including 500 MT switched from unknown destinations), and Japan (66,200 MT, including 49,700 MT switched from unknown destinations and decreases of 400 MT). Reductions were reported for Cuba (800 MT). For 2017-18, net sales of 79,900 MT were reported for unknown destinations (66,000 MT), Mexico (9,800 MT), and Japan (4,100 MT). |
| Weekly Export Details | Exports of 575,900 MT were down 32% from the previous week and 39% from the prior four-week average. The destinations were primarily the Netherlands (143,300 MT), Mexico (121,600 MT), Japan (81,700 MT), China (74,200 MT), and Bangladesh (59,700 MT). |
| Comments and Performance Indicators | Sales were near the upper end of expectations. Export commitments for 2016-17 are running 24% ahead of year-ago, compared to 23% ahead the previous week. USDA projects exports in 2016-17 at 2.025 billion bu., up 4.6% from year-ago. |
| Soymeal | |
| Actual Sales (in MT) | Combined: 160,900 2016-17: 134,300 2017-18: 26,600 |
| Trade Expectations (MT) | 175,000-450,000 |
| Weekly Sales Details | Net sales of 134,300 MT for 2016-17 were down 66% from the previous week and 49% from the prior four-week average. Increases were reported for the Philippines (48,900 MT, including decreases of 100 MT), Colombia (17,500 MT, switched from unknown destinations), Canada (16,300 MT), Guatemala (14,300 MT, including 15,800 MT switched from unknown destinations and decreases of 1,600 MT), and Panama (11,300 MT, including 12,600 MT switched from unknown destinations and decreases of 1,300 MT). Reductions were reported for unknown destinations (25,700 MT). For 2017-18, net sales of 26,600 MT were reported for El Salvador (15,000 MT), Nicaragua (11,300 MT), and Mexico (400 MT). |
| Weekly Export Details | Exports of 335,600 MT were down 4% from the previous week, but up 21% from the prior four-week average. The destinations were primarily Vietnam (99,000 MT), Mexico (46,100 MT), Colombia (41,100 MT), Ecuador (39,500 MT), and Spain (20,500 MT). |
| Comments and Performance Indicators | Sales were below expectations. Export commitments for 2016-17 are running 3% ahead of year-ago compared with 7% ahead of 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) | 2016-17: 15,300 |
| Trade Expectations (MT) | 0-60,000 |
| Weekly Sales Details | Net sales of 15,300 MT for 2016-17 were down noticeably from the previous week, but up noticeably and from the prior four-week average. Increases were reported for South Korea (6,600 MT), Colombia (3,000 MT), Mexico (2,800 MT, including decreases of 400 MT), and the Dominican Republic (2,600 MT). Reductions were reported for unknown destinations (200 MT). |
| Weekly Export Details | Exports of 30,600 MT were up 22% from the previous week and 54% from the prior four-week average. The destinations were primarily Colombia (7,400 MT), Mexico (7,200 MT), Guatemala (5,700 MT)and the Dominican Republic (5,100 MT). |
| Comments and Performance Indicators | Sales were within expectations. Export commitments for the 2016-17 marketing year are running 4% ahead of year-ago, compared to 6% ahead last week. USDA projects exports in 2016-17 to be up 0.4% from the previous year. |
| Cotton | |
| Actual Sales (in RB) | Combined: 529,500 2016-17: 328,200 2017-18: 201,300 |
| Weekly Sales Details | Net upland sales of 328,200 RB for 2016-17 were up 4% from the previous week, but down 7% from the prior four-week average. Increases were reported for China (98,100 RB, including 900 RB switched from Japan and decreases of 100 RB), Vietnam (63,800 RB, including 900 RB switched from Japan), Turkey (53,900 RB, including decreases of 100 RB), Indonesia (29,800 RB, including 1,800 RB switched from Japan and 700 RB from Thailand), and India (27,300 RB). Reductions were reported for Brazil (4,400 RB) and Japan (1,900 RB). For 2017-18, net sales of 201,300 RB were reported primarily for Thailand (56,700 RB), Indonesia (54,100 RB), China (39,600 RB), and Pakistan (11,900 RB). |
| Weekly Export Details | Exports of 379,700 RB were up 12% from the previous week, but down 1% from the prior four-week average. The primary destinations were Vietnam (99,900 RB), China (67,600 RB), Indonesia (36,800 RB), Pakistan (34,000 RB), and Mexico (26,900 RB). |
| Comments and Performance Indicators | Export commitments for 2016-17 are 67% ahead of year-ago, compared to 65% ahead the previous week. USDA projects exports to be up 31.0% from the previous year at 16.5 million bales. |
| Beef | |
| Actual Sales (in MT) | 2017: 14,600 |
| Weekly Sales Details | Net sales of 14,600 MT reported for 2017 were down 9% from the previous week and 1% from the prior four-week average. Increases were reported for Japan (4,500 MT, including decreases of 2,200 MT), Hong Kong (3,400 MT, including decreases of 100 MT), South Korea (2,300 MT, including decreases of 200 MT), Mexico (1,600 MT, including decreases of 100 MT), and Taiwan (1,100 MT). |
| Weekly Export Details | Exports of 13,100 MT were down 3% from the previous week and 2% from the prior four-week average. The primary destinations were Japan (4,600 MT), South Korea (2,500 MT), Mexico (1,700 MT), Hong Kong (1,600 MT), and Canada (1,100 MT). |
| Comments and Performance Indicators | Weekly export sales compare to 16,100 MT the week prior. USDA projects exports in 2017 to be up 6.9% from last year’s total. |
| Pork | |
| Actual Sales (in MT) | Combined: 30,600 2017: 30,100 2018: 500 |
| Weekly Sales Details | Net sales of 30,100 MT reported for 2017 were up noticeably from the previous week and up 75% from the prior four-week average. Increases were reported for Mexico (12,600 MT), South Korea (7,300 MT), Japan (3,200 MT), Canada (2,600 MT), and the Dominican Republic (1,100 MT). For 2017-18, net sales of 500 MT were reported for South Korea. |
| Weekly Export Details | Exports of 23,700 MT were down 4% from the previous week, but up 3% from the prior four-week average. The destinations were primarily Mexico (8,300 MT), Japan (3,900 MT), South Korea (3,800 MT), China (1,900 MT), and Canada (1,700 MT). |
| Comments and Performance Indicators | Export sales compare to 12,900 MT the prior week. USDA projects exports in 2017 to be 8.4% above last year’s total. |
