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USDA resumes weekly export sales reports

The USDA’s weekly export sales reports have resumed, with the department releasing four weeks of delayed data. Sales for the week ending September 8^th generally look routine, with wheat, beef, soybean oil, and rice up from the September 1^st numbers, while corn, soybeans, soybean meal, pork, and cotton were down. That September 1^st report had the sales totals for the recently ended marketing year for corn, soybeans, and sorghum. Cumulative corn sales were down 11% from the previous marketing year and soybeans were down 6%, but sorghum was up 1%. The numbers had been delayed by database issues encountered during a switch to a new reporting system. The USDA’s next set of supply and demand estimates is out October 12^th.

The 2022/23 marketing year started June 1^st for wheat, August 1^st for cotton and rice, and September 1^st for beans, corn, and sorghum, and gets underway October 1^st for soybean products.

Wheat came out at 217,300 tons (8 million bushels). Iraq purchased 100,000 tons and Mexico bought 78,300 tons, but unknown destinations canceled on 206,000 tons. Early in the second quarter of the 2022/23 marketing year, wheat exports are 375.6 million bushels, compared to 383.2 million in 2021/22.

Corn was reported at 583,100 tons (23 million bushels). Mexico picked up 283,800 tons and Guatemala purchased 135,000 tons. Just after the outset of the marketing year, corn exports are 484.3 million bushels, compared to 967.4 million a year ago.

Sorghum sales were 11,700 tons (500,000 bushels), all to Mexico. Sorghum exports are 9.4 million bushels, compared to 84.6 million this time last year.

Rice sales were 44,600 tons. Iraq bought 40,000 tons and the Dominican Republic picked up 4,200 tons. Rice exports are 423,000 tons, compared to 760,100 a year ago.

Soybeans were pegged at 843,000 tons (31 million bushels). China purchased 441,700 tons and unknown destinations bought 107,400 tons. So far, this marketing year, soybean exports are 928.9 million bushels, compared to 819 million last year. Sales of 30,000 tons (1.1 million bushels) for 2023/24 delivery were to Tunisia.

Soybean meal came out at 34,100 tons. Guatemala picked up 43,600 tons and Canada purchased 11,700 tons, but the Philippines canceled on 42,000 tons. Nearing the end of the 2021/22 marketing year, soybean meal exports are 12,037,000 tons, compared to 12,236,000 late in 2020/21. Sales of 141,800 tons for 2022/23 delivery were mainly to Mexico (70,900 tons) and the Philippines (45,000 tons).

Soybean oil was reported at 4,300 tons. Canada bought 4,400 tons, while South Korea canceled on 100 tons. Cumulative soybean oil exports are 703,300 tons, compared to 687,400 a year ago.

Upland cotton was pegged at 100,300 bales. Pakistan picked up 77,900 bales and Mexico purchased 4,400 bales. 2022/23 upland cotton exports are 7,956,700 bales, compared to 6,307,000 in 2021/22. Sales of 25,500 bales for 2023/24 delivery were primarily to Pakistan (21,700 bales).

Net beef sales totaled 15,100 tons. The listed buyers were South Korea (6,700 tons), Japan (4,200 tons), Ecuador (1,700 tons), Mexico (1,700 tons), and Canada (500 tons), with a cancellation by China (1,000 tons). Physical shipments of 15,200 tons were mostly to Japan (4,600 tons), South Korea (3,800 tons), China (2,600 tons), Mexico (1,000 tons), and Hong Kong (800 tons). Sales of 900 tons for 2023 delivery were to Japan (700 tons) and South Korea (200 tons).

Net pork sales totaled 25,100 tons. The reported purchasers were Mexico (9,900 tons), China (4,700 tons), Japan (4,700 tons), the Dominican Republic (1,600 tons), and Colombia (900 tons), with a cancellation by Chile (100 tons). Physical shipments of 23,900 tons were mainly to Mexico (11,000 tons), Japan (4,100 tons), China (3,500 tons), South Korea (1,700 tons), and Colombia (1,100 tons).