On this week’s Weekly Export Sales report from USDA, we saw what could be considered a bit of a mixed bag with old crop corn and wheat marketing year lows while new crop looked solid for both. The soy complex also looked fairly solid along with beef and pork.
For wheat we saw net sales reductions of 2,300 metric tons (MT) for 2021/2022–a marketing-year low–were down noticeably from the previous week and from the prior 4-week average. Net sales of 246,300 MT for 2022/2023 primarily for the Philippines, Japan, Taiwan, Mexico, and Honduras.
On the corn side we saw net sales of 151,600 MT for 2021/2022–a marketing-year low–were down 63 percent from the previous week and 73 percent from the prior 4-week average. Increases primarily for Japan, Colombia and Venezuela. Net sales of 58,300 MT for 2022/2023 reported for unknown destinations and Costa Rica, were offset by reductions for Mexico.
For soybeans we saw net sales of 276,800 MT for 2021/2022 were down 63 percent from the previous week and 48 percent from the prior 4-week average. Increases primarily for Egypt, Japan, the Netherlands, Indonesia and Mexico, were offset by reductions primarily for China, Taiwan and unknown destinations. Net sales of 443,000 MT for 2022/2023 were reported for unknown destinations, Mexico and Taiwan.
Beef net sales of 20,000 MT for 2022 were down 14 percent from the previous week, but up 3 percent from the prior 4-week average. Increases were primarily for Japan, South Korea, China, Hong Kong, and Canada. Pork net sales of 36,700 MT for 2022 were up 52 percent from the previous week and 39 percent from the prior 4-week average. Increases primarily for Mexico, Canada, China, Japan and Colombia.
Read the full report from USDA here: https://apps.fas.usda.gov/export-sales/highlite.htm
