U.S. pork export gross sales shot greater in the course of the week ending July twenty eighth. The USDA says gross sales of 31,000 tons had been up greater than 40% on the week, with important purchases by China and Mexico. Soybean meal additionally noticed an enchancment with the Philippines selecting up greater than half of the weekly whole. All different main commodities had been down, together with a web discount for outdated crop soybeans after a cancellation by unknown locations and advertising 12 months lows for cotton and rice. Export gross sales are influenced by a wide range of elements, together with forex commerce, seasonal demand elements, and worldwide politics. The USDA’s subsequent set of provide and demand estimates is out Friday, August twelfth at Midday Japanese/11 Central.
Bodily shipments of corn matched what’s wanted to satisfy projections for the present advertising 12 months. The 2021/22 advertising 12 months began August 1st, 2021 for cotton and rice, September 1st, 2021 for beans, corn, and sorghum, and October 1st, 2021 for soybean merchandise, whereas 2022/23 obtained underway June 1st, 2022 for wheat.
Wheat got here out at 249,900 tons (9.2 million bushels), down 39% from the week ending July twenty first and 55% from the four-week common. Unknown locations bought 80,000 tons and Indonesia purchased 70,000 tons. For the 2022/23 advertising 12 months so far, wheat exports are 303 million bushels, in comparison with 309.1 million in 2021/22.
Corn was reported at 57,900 tons (2.3 million bushels), a drop of 62% from the earlier week, however an increase of 31% from the four-week common. Japan picked up 53,800 tons and Mexico bought 36,200 tons, whereas unknown locations canceled on 51,600 tons. Within the remaining month of the 2021/22 advertising 12 months, corn exports are 2.388 billion bushels, in comparison with 2.745 billion in 2020/21. Gross sales of 256,700 tons (10.1 million bushels) for 2022/23 supply had been primarily to Mexico (213,000 tons) and unknown locations (28,800 tons).
Sorghum gross sales had been 1,200 tons, a decline of 66% from the week earlier than and 92% from the four-week common. China purchased 66,100 tons and Mexico picked up 3,000 tons, however unknown locations canceled on 68,000 tons. Sorghum exports are 274.3 million bushels, in comparison with 282.8 million a 12 months in the past. Gross sales of 68,000 tons (2.7 million bushels) for 2022/23 supply had been to unknown locations.
Rice gross sales had been 3,000 tons, a lower of 87% from the prior week and 88% from the four-week common. Canada bought 1,700 tons and Mexico purchased 600 tons. Rice exports are 2,936,300 tons, in comparison with 3,430,600 this time final 12 months. Gross sales of 1,000 tons for 2022/23 supply had been primarily to Mexico (800 tons) and Guatemala (300 tons) with a cancellation by El Salvador (300 tons).
Soybeans had a web discount of 11,000 tons (-400,000 bushels). China picked up 124,800 tons and Mexico bought 64,800 tons, however unknown locations canceled on 229,500 tons. To this point, this advertising 12 months, soybean exports are 2.187 billion bushels, in comparison with 2.275 billion a 12 months in the past. Gross sales of 410,600 tons (15.1 million bushels) for 2022/23 supply had been principally to unknown locations (154,000 tons) and China (144,000 tons).
Soybean meal was reported at 186,600 tons, up sharply on the week and significantly bigger than the four-week common. The Philippines purchased 95,800 tons and Colombia picked up 55,800 tons. Within the remaining quarter of the advertising 12 months, soybean meal exports are 11,597,300 tons, in comparison with 11,812,200 final 12 months. Gross sales of 48,800 tons for 2022/23 supply had been primarily to the Dominican Republic (16,000 tons) and El Salvador (14,300 tons).
Soybean oil got here out at 1,300 tons, 71% below the earlier week and 15% beneath the four-week common. Honduras bought 800 tons and Guatemala purchased 300 tons. Cumulative soybean oil exports are 693,000 tons, in comparison with 682,600 a 12 months in the past.
Upland cotton had a web discount of 112,400 bales. Gross sales of 200 to 1,200 bales had been greater than offset by cancellations of 800 to 95,000 bales. 2021/22 upland cotton exports are 15,588,200 bales, in comparison with 16,206,400 late in 2020/21. Gross sales of 71,400 bales for 2022/23 supply had been primarily to Vietnam (40,400 bales) and Pakistan (24,700 bales).
Web beef gross sales totaled 12,000 tons, a lower of 52% from the week earlier than and 30% from the four-week common. The reported consumers had been South Korea (2,900 tons), Japan (2,400 tons), Canada (1,800 tons), Taiwan (1,100 tons), and the Philippines (900 tons). Shipments of 18,500 tons had been down 9% from the prior week and 5% from the four-week common, principally to Japan (5,600 tons), South Korea (4,900 tons), China (2,600 tons), Mexico (1,200 tons), and Taiwan (1,100 tons). Gross sales of 200 tons for 2023 supply had been to Japan.
Web pork gross sales totaled 31,000 tons, a rise of 43% on the week and 35% from the four-week common. The listed purchasers had been China (16,800 tons), Mexico (8,600 tons), Japan (1,800 tons), South Korea (1,700 tons), and Canada (600 tons). Shipments of 26,000 tons fell 4% from the earlier week and 5% from the four-week common, primarily to Mexico (12,600 tons), China (4,200 tons), Japan (3,300 tons), Colombia (1,600 tons), and South Korea (1,400 tons).