Soybean Export Sales Top Expectations
|
USDA Weekly Export Sales Report |
|
|
Corn |
|
| Actual Sales (in MT) |
Combined: 999,000 |
| Trade Expectations (MT) | 750,000-1,150,000 |
| Weekly Sales Details | Net sales of 987,900 MT for 2016-17 were up 31% from the previous week and 18% from the prior 4-week average. Increases were reported for South Korea (291,900 MT), Japan (204,000 MT, including 68,900 MT switched from unknown destinations and decreases of 20,800 MT), Saudi Arabia (133,800 MT, including 125,000 MT switched from unknown destinations), Mexico (104,500 MT, including decreases of 2,900 MT), and Peru (77,200 MT, including 45,000 MT switched form unknown destinations). Reductions were reported for El Salvador (6,800 MT) and Morocco (100 MT). For 2017-18, net sales of 11,100 MT were reported primarily for Japan (10,300 MT). |
| Weekly Export Details | Exports of 1,374,300 MT were down 2% from the previous week, but unchanged from the prior 4-week average. The primary destinations were Japan (364,800 MT), Mexico (275,400 MT), Peru (149,700 MT), Saudi Arabia (133,800 MT), and Taiwan (129,500 MT). |
| Comments and Performance Indicators | Sales met expectations. Export commitments for 2016-17 are running 38% ahead of year-ago compared to 43% 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: 367,100 |
| Trade Expectations (MT) | 350,000-750,000 |
| Weekly Sales Details | Net sales of 61,700 metric tons for delivery in marketing year 2016-17--a marketing-year low--were down 85% from the previous week and 87% from the prior 4-week average. Increases were reported for Japan (82,000 MT, including 34,200 MT switched from unknown destinations and decreases of 800 MT), Yemen (67,300 MT), China (62,700 MT, including 60,000 MT switched from unknown destinations), the Philippines (56,500 MT, including 56,000 MT switched from unknown destinations and decreases of 3,000 MT), and Guatemala (41,100 MT, including 37,300 MT switched from unknown destinations). Reductions were reported were unknown destinations (310,200 MT), Peru (20,000 MT), and Italy (9,000 MT). For 2017-18, net sales of 305,400 MT were reported primarily for unknown destinations (112,500 MT), China (50,000 MT), Taiwan (50,000 MT), and Japan (34,800 MT). |
| Weekly Export Details | Exports of 612,700 MT were down 17% from the previous week, but up 1% and from the prior 4-week average. The destinations were primarily the Philippines (106,500 MT), Taiwan (96,000 MT), Mexico (71,600 MT), Nigeria (68,800 MT), Japan (67,200 MT), and China (62,700 MT). |
| Comments and Performance Indicators | Sales met expectations. Export commitments for 2016-17 are running 39% ahead of year-ago versus 41% 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: 880,400 |
| Trade Expectations (MT) | 350,000-750,000 |
| Weekly Sales Details | Net sales of 808,100 MT for 2016-17 were up noticeably from the previous week and up 98% from the prior 4-week average. Increases were reported for China (271,900 MT, including 129,000 MT switched from unknown destinations and decreases of 68,800 MT), Germany (151,300 MT, including 66,000 MT switched from unknown destinations), Egypt (117,600 MT, including decreases of 2,400 MT), Japan (96,200 MT, including 36,000 MT switched from unknown destinations and decreases of 500 MT), and Mexico (91,900 MT, including decreases of 4,800 MT). Reductions were reported for unknown destinations (13,500 MT) and Venezuela (200 MT). For 2017-18, net sales of 72,300 MT were reported for unknown destinations (63,000 MT), Japan (3,000 MT), South Korea (2,700 MT), Thailand (2,000 MT), and Taiwan (1,600 MT). |
| Weekly Export Details | Exports of 782,100 MT were up noticeably from the previous week and up 12% from the prior 4-week average. The destinations were primarily China (269,600 MT), Germany (151,300 MT), Japan (70,300 MT), Indonesia (60,600 MT), and Bangladesh (59,200 MT).
|
| Comments and Performance Indicators | Sales were stronger than expected. 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: 113,400 2016-17: 112,000 2017-18: 1,400 |
| Trade Expectations (MT) |
100,000-350,000 |
| Weekly Sales Details | Net sales of 112,000 MT for 2016-17 were down 17% from the previous week and 24% from the prior 4-week average. Increases were reported for the Philippines (43,300 MT), Colombia (21,000 MT, including 15,000 MT switched unknown destinations and decreases of 1,100 MT), Guatemala (12,100 MT, including 3,200 MT switched from unknown destinations and decreases of 500 MT), Canada (11,100 MT), and Bangladesh (9,500 MT). Reductions were reported for unknown destinations (15,100 MT), Nicaragua (1,700 MT), and the Dominican Republic (1,500 MT). For 2017-18, net sales of 1,400 MT were reported for Japan. |
| Weekly Export Details | Exports of 170,600 MT were down 14% from the previous week and 30% from the prior 4-week average. The destinations were primarily Venezuela (38,600 MT), Colombia (25,900 MT), Peru (18,200 MT), Canada (17,500 MT), and Guatemala (15,700 MT). |
| Comments and Performance Indicators | Sales met expectations. Export commitments for 2016-17 are running 2% ahead of year-ago compared with 3% ahead of year-ago the week prior. USDA projects exports in 2016-17 to be down 0.5% from the previous marketing year. |
|
Soyoil |
|
| Actual Sales (in MT) |
2016-17: 2,000 |
| Trade Expectations (MT) | 8,000-40,000 |
| Weekly Sales Details | Net sales reductions of 2,000 MT for 2016-17 were down noticeably from the previous week and from the prior 4-week average. Increases reported for Mexico (1,400 MT), Colombia (1,100 MT), and Canada (400 MT), were more than offset by decreases for the Dominican Republic (4,900 MT). |
| Weekly Export Details | Exports of 32,600 MT were up noticeably from the previous week and 26% from the prior 4-week average. The destinations were primarily the Dominican Republic (14,700 MT), Colombia (11,000 MT), Mexico (2,800 MT), and Costa Rica (2,000 MT). |
| Comments and Performance Indicators | Sales were X expectations. Export commitments for the 2016-17 marketing year are running 11% ahead of year-ago, compared to 13% ahead last week. USDA projects exports in 2016-17 to be up 0.4% from the previous year. |
|
Cotton |
|
| Actual Sales (in RB) | Combined: 180,800 2016-17: 115,500 2017-18: 65,300 |
| Weekly Sales Details | Net upland sales of 115,500 RB for 2016-17 were down 49% from the previous week and 61% from the prior 4-week average. Increases were reported for Vietnam (51,400 RB, including 3,500 RB switched from China, 2,200 RB switched from Taiwan, 1,000 RB switched from South Korea, and 200 RB switched from Japan and decreases of 700 RB), Turkey (33,200 RB, including decreases of 3,800 RB), Indonesia (15,700 RB, including 300 RB switched from Japan and decreases of 800 RB), India (7,400 RB, including decreases of 4,500 RB), and Malaysia (5,400 RB, including 100 RB switched from Japan and decreases of 2,700 RB). Reductions were reported for South Korea (9,000 RB), Japan (1,900 RB), and China (1,900 RB). For 2017-18, net sales of 65,300 RB were reported primarily for South Korea (15,000 RB), Vietnam (12,900 RB), and Pakistan (12,300 RB). |
| Weekly Export Details | Exports of 302,400 RB were down 16% from the previous week and 26% from the prior 4-week average. The primary destinations were Vietnam (45,900 RB), Turkey (43,400 RB), India (38,500 RB), Indonesia (31,700 RB), and China (23,900 RB). |
| Comments and Performance Indicators | Export commitments for 2016-17 are 73% ahead of year-ago, compared to 72% ahead the previous week. USDA projects exports to be up 53.0% from the previous year at 14.00 million bales. |
|
Beef |
|
| Actual Sales (in MT) |
2017: 21,200 |
| Weekly Sales Details | Net sales of 21,200 MT reported for 2017 were up 8% from the previous week and 30% from the prior 4-week average. Increases were reported for Japan (6,700 MT, including decreases of 3,700 MT), South Korea (4,100 MT, including decreases of 200 MT), Mexico (3,800 MT, including decreases of 100 MT), Chile (1,200 MT), and Taiwan (1,200 MT). Reductions were reported for Kuwait (100 MT). |
| Weekly Export Details | Exports of 13,700 MT were unchanged from the previous week, but down 1% from the prior 4-week average. The primary destinations were Japan (4,800 MT), South Korea (2,700 MT), Mexico (1,800 MT), Hong Kong (1,400 MT), and Taiwan (1,000 MT). |
| Comments and Performance Indicators | Weekly export sales compare to 19,700 MT the week prior. USDA projects exports in 2017 to be up 6.9% from last year's total. |
|
Pork |
|
| Actual Sales (in MT) | 2017: 23,000 |
| Weekly Sales Details | Net sales of 23,000 MT reported for 2017 were down 37% from the previous week and 11% from the prior 4-week average. Increases were reported for Mexico (11,800 MT), Japan (3,200 MT), Canada (1,700 MT), Australia (1,300 MT), and South Korea (1,300 MT). Reductions were reported for Vietnam (100 MT). |
| Weekly Export Details | Exports of 20,500 MT were up 17% from the previous week, but down 2% from the prior 4-week average. The destinations were primarily Mexico (7,900 MT), Japan (2,600 MT), South Korea (2,500 MT), China (2,300 MT), and Canada (1,200 MT). |
| Comments and Performance Indicators |
Export sales compare to a total of 36,200 MT the prior week. USDA projects exports in 2017 to be 8.4% above last year's total. |
