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USDA Export Sales Report

Wheat:   Net sales of 396,300 metric tons for delivery in the 2014/2015 marketing year were up 26 percent from the previous week and 1 percent from the prior 4-week average.  Increases were reported for Brazil (119,500 MT), Mexico (68,600 MT), Japan (56,100 MT), unknown destinations (52,100 MT), the Philippines (33,300 MT, including 27,500 MT switched from unknown destinations and decreases of 1,500 MT), Vietnam (32,400 MT, including 6,000 MT switched from unknown destinations), and Colombia (16,600 MT).  Decreases were reported for Honduras (8,600 MT).  Exports of 474,400 MT were down 39 percent from the previous week and 26 percent from the prior 4-week average.  The primary destinations were Nigeria (100,300 MT), the Philippines (81,300 MT), Mexico (75,800 MT), Malaysia (59,100 MT), Thailand (50,100 MT), Vietnam (32,400 MT), and Brazil (27,500 MT).

Optional Origin Sales:   For 2014/2015, outstanding optional origin sales total 40,000 MT, all Algeria.

Exports for Own Account:  Exports for own account to Italy (900 MT) were applied to new or outstanding sales.  The current exports for own account balance is 36,300 MT, all Italy. 

Corn:  Net sales of 836,400 MT for 2014/2015 were reported primarily for Mexico (461,100 MT), Japan (146,400 MT, including 139,000 MT switched from unknown destinations and decreases of 23,200 MT), Peru (84,100 MT, including 60,000 MT switched from unknown destinations), the Dominican Republic (49,000 MT), and Colombia (42,200 MT, including 30,000 MT switched from unknown destinations).  Decreases were reported for unknown destinations (41,000 MT), Ireland (9,500 MT), and South Korea (1,700 MT).  Net sales of 270,000 MT for 2015/2016 were reported for Mexico.  Exports of 1,038,600 MT were primarily to Mexico (312,800 MT), Japan (236,600 MT), Egypt (148,400 MT), Peru (109,000 MT), Colombia (86,600 MT), South Korea (58,700 MT), and Venezuela (40,000 MT).

Barley:  There were no sales reported during the week.  Exports of 500 MT were reported to Taiwan.

Sorghum: Net sales of 74,300 MT for 2014/2015 were reported for unknown destinations (55,000 MT) and China (19,300 MT).  Exports of 62,800 MT were reported to China.  

Rice:  Net sales of 46,400 MT for 2014/2015 were up 51 percent from the previous week and 5 percent from the prior 4-week average.  Increases were reported for El Salvador (12,000 MT), Japan (12,000 MT), Honduras (9,400 MT, including 8,400 MT switched from unknown destinations), Saudi Arabia (8,600 MT), and South Korea (6,100 MT).  Decreases were reported for unknown destinations (8,400 MT), Haiti (600 MT), and Guatemala (100 MT).  Exports of 68,800 MT were up noticeably from the previous week and from the prior 4-week average.  The primary destinations were to Venezuela (32,700 MT), Honduras (9,300 MT), Haiti (8,300 MT), Ghana (7,000 MT), and Mexico (4,100 MT).

Soybeans:  Net sales of 2,565,600 MT for 2014/2015 were reported primarily for China (2,384,900 MT, including 45,000 MT switched from unknown destinations and decreases of 3,000 MT), Egypt (102,700 MT, including 60,000 MT switched from unknown destinations) the Netherlands (75,900 MT, including 70,000 MT switched from unknown destinations), Bangladesh (52,000 MT), and Mexico (34,000 MT).  Decreases were reported for unknown destinations (134,000 MT).  Exports of 415,500 MT were primarily to China (165,800 MT), Egypt (93,700 MT), the Netherlands (75,900 MT), Mexico (45,800 MT), and Japan (11,900 MT).

Optional Origin Sales:   For 2014/2015, new optional origin sales were reported for China (63,000 MT). Outstanding optional origin sales total 1,561,500 MT, and are for China (1,335,500 MT), Egypt (181,000 MT), and Mexico (45,000 MT).

Soybean Cake and Meal:  Net sales of 35,200 MT for 2013/2014 were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for Mexico (14,700 MT), Canada (8,700 MT), the Philippines (4,600 MT), the Dominican Republic (2,800 MT), Bangladesh (2,500 MT), and Japan (1,700 MT, including 1,300 MT switched from unknown destinations).   Decreases were reported for Jamaica (2,000 MT) and unknown destinations (1,300 MT).   Net sales of 45,500 MT for 2014/2015 resulted as increases for Canada (46,800 MT), Nicaragua (5,000 MT), the Dominican Republic (4,000 MT), and unknown destinations (4,000 MT), were partially offset by decreases for Mexico (20,700 MT) and Jamaica (1,000 MT).  Exports of 54,300 MT were down 19 percent from the previous week and 29 percent from the prior 4-week average.  The primary destinations were Mexico (24,200 MT), Canada (16,000 MT), the Dominican Republic (8,800 MT), Jamaica (2,000 MT), and Japan (1,700 MT).

Soybean Oil:  Net sales of 5,800 MT for 2013/2014 were down 46 percent from the previous week, but up noticeably from the prior 4-week average.  Increases were reported for Nicaragua (4,100 MT), Mexico (700 MT), Canada (500 MT), and Belgium (200 MT).   Net sales reductions of 2,800 MT for 2014/2015 resulted as increases for the Dominican Republic (2,000 MT) and Australia (100 MT), were more than offset by decreases for unknown destinations (5,000 MT).   Exports of 2,200 MT were up 49 percent from the previous week, but down 74 percent from the prior 4-week average.   The primary destinations were Mexico (2,000 MT) and Trinidad (100 MT).

Cotton:  Net Upland sales of 155,700 RB for 2014/2015 were up noticeably from the previous week and 68 percent and from the prior 4-week average.  Increases reported for China (51,500 RB), Vietnam (23,800 RB, including 3,500 RB switched from China), Turkey (21,200 RB), South Korea (15,900 RB), Indonesia (15,200 RB, including 300 RB switched from Japan), and Mexico (6,900 RB).  Net sales of 11,600 RB for 2015/2016 were reported for Indonesia (6,500 RB), South Korea (2,600 RB), and El Salvador (2,500 RB).  Exports of 87,900 RB were down 16 percent from the previous week and 10 percent from the prior 4-week average.  The primary destinations were China (16,800 RB), Mexico (16,100 RB), Vietnam (12,300 RB), Turkey (8,600 RB), and Indonesia (8,600 RB).  Net American Pima sales of 3,200 RB for 2014/2015 were down 37 percent from the previous week and 19 percent from the prior 4-week average.   Increases were for India (2,300 RB, including 1,700 RB switched from China), Indonesia (500 RB), Egypt (400 RB, switched from China), and Turkey (300 RB).   Exports of 3,800 RB were primarily to Bangladesh (1,100 RB), Japan (900 RB), Peru (700 RB), and India (500 RB).

Optional Origin Sales:  For 2013/2014, outstanding optional origin sales total 16,200 RB, and are for Thailand (11,300 RB), South Korea (4,600 RB), and Vietnam (300 RB).

Exports for Own Account:  The current exports for own account balance is 54,300 RB, all China.

Hides and Skins:  Net sales of 294,400 pieces were down 12 percent from the previous week and from the prior 4-week average.   Whole cattle hide sales of 284,400 pieces were primarily for China (221,500 pieces), Mexico (24,300 pieces), South Korea (19,900 pieces), Thailand (11,800 pieces), and Taiwan (3,400 pieces).  Exports of 341,100 pieces were down 23 percent from the previous and 15 percent from the prior 4-week average.  Whole cattle hide exports of 335,500 pieces were primarily to China (212,500 pieces), South Korea (64,600 pieces), Thailand (16,200 pieces), and Taiwan (15,200 pieces).

Net sales of 386,900 wet blues for 2014 were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for Italy (172,400 unsplit and 66,200 grain splits), China (52,800 unsplit and 27,300 grain splits), Taiwan (33,400 unsplit), and Vietnam (26,000 unsplit).  Decreases were reported for Thailand (600 unsplit) and Japan (200 grain splits).  Net sales reductions of 3,000 wet blues for 2015 were for Taiwan.  Exports of 154,200 wet blues were primarily to China (40,100 unsplit and 9,900 grain splits), Italy (34,600 unsplit and 6,400 grain splits), Mexico (8,300 grain splits and 3,200 unsplit), and Vietnam (10,200 unsplit).  Net sales of splits totaling 214,200 pounds for 2014 were reported for South Korea (162,000 pounds), Hong Kong (46,000 pounds), and Vietnam (6,100 pounds).  Exports of 524,500 pounds were reported to South Korea.

Beef:  Net sales of 12,200 MT for 2014 were down 22 percent from the previous week and 3 percent from the prior 4-week average.  Increases were reported for Hong Kong (3,200 MT), South Korea (3,100 MT), Mexico (2,100 MT), Japan (1,300 MT), and Canada (1,000 MT).  Exports of 13,400 MT were down 10 percent from the previous week, but up 1 percent from the prior 4-week average.  The primary destinations were Japan (3,700 MT), Hong Kong (2,700 MT), South Korea (2,400 MT), Mexico (2,000 MT), and Canada (1,100 MT).

Pork:  Net sales of 20,400 MT for 2014 were down 10 percent from the previous week, but up 22 percent from the prior 4-week average.  Increases were reported for Mexico (6,300 MT), Japan (5,600 MT), Hong Kong (3,600 MT), South Korea (2,500 MT), and Canada (1,000 MT).  Exports of 15,500 MT were primary to Mexico (5,300 MT), Japan (3,300 MT), South Korea (1,800 MT), Canada (1,800 MT), and Hong Kong (1,600 MT).

Source: USDA


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Joining us this week to offer his thoughts and perspectives on the current markets is Darin Newsome. He is a Barchat Senior Analyst.