USDA Exports: Corn & Soybeans Up, Wheat Down, Beef Sales To S. Korea
10/16/2009 07:40AM
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Wheat: Net sales of 480,200 metric tons were down 37 percent from the previous week and 14 percent from the prior 4-week average. Increases were reported for Japan (126,900 MT), Nigeria (38,700 MT), the Philippines (38,200 MT), unknown destinations (36,600 MT), Canada (34,200 MT), Guatemala (33,100 MT, including 30,100 MT switched from unknown destinations), the United Arab Emirates (27,500 MT, including 25,000 MT switched from unknown destinations), Colombia (26,200 MT), and Algeria (25,000 MT). Decreases were reported for Brazil (1,800 MT). Exports of 524,200 MT were down 22 percent from the previous week and 16 percent from the prior 4-week average. The primary destinations were Nigeria (103,500 MT), Canada (63,900 MT), Japan (41,200 MT), Mexico (36,200 MT), Guatemala (30,100 MT), and Venezuela (29,700 MT).
Corn: Net sales of 631,800 MT were up 21 percent from the previous week, but down 25 percent from the prior 4-week average. Increases were reported for Japan (190,400 MT, including 56,600 MT switched from unknown destinations and decreases of 10,300 MT), South Korea (119,400 MT, including 123,400 MT switched from unknown destinations and decreases of 4,700 MT), Colombia (73,800 MT), Mexico (70,600 MT), the Dominican Republic (36,900 MT), Morocco (31,100 MT, including 30,000 MT switched from unknown destinations), the United Arab Emirates (29,600 MT, switched from unknown destinations), and Taiwan (27,300 MT). Decreases were reported for Honduras (7,600 MT). Optional origin sales totaling 1,700 MT for Colombia were canceled. Exports of 670,100 MT were down 41 percent from the previous week and 38 percent from the prior 4-week average. The primary destinations were Japan (157,800 MT), South Korea (121,400 MT), Egypt (85,800 MT), Mexico (62,000 MT), Colombia (55,600 MT), Canada (37,200 MT), and Taiwan (36,500 MT).
Barley: There were no sales reported during the week. Exports of 3,100 MT were to Canada.
Sorghum: Net sales of 47,200 MT were for Japan (46,000 MT) and Mexico (1,200 MT). Export of 19,300 MT were to Mexico (19,200 MT) and Canada (100 MT).
Rice: Net sales 95,200 MT were up 83 percent from the previous week and from the prior 4-week average. Increases were reported for Mexico (33,300 MT), Japan (26,200 MT), Taiwan (15,600 MT), El Salvador (5,000 MT), and Nicaragua (3,400 MT, including decreases of 12,800 MT). Exports of 74,800 MT--a marketing-year high--were up noticeably from the previous week and 80 percent from the prior 4-week average. The primary destinations were Mexico (16,800 MT), Haiti (15,500 MT), Nicaragua (13,400 MT), Honduras (12,200 MT), and El Salvador (4,100 MT).
Soybeans: Net sales of 654,500 MT were up 45 percent from the previous week, but down 25 percent from the prior 4-week average. The primary destinations were China (184,100 MT), Taiwan (176,200 MT), France (60,000 MT), Mexico (59,800 MT), Saudi Arabia (55,000 MT, switched from China), and South Korea (31,800 MT, including 29,000 MT switched from unknown destinations). Decreases were reported for unknown destinations (45,300 MT). Exports of 605,300 MT were up 78 percent from the previous week and up noticeably from the prior 4-week average. The primary destinations were China (369,100 MT), Mexico (119,800 MT), South Korea (28,600 MT), Tunisia (26,800 MT), Canada (25,000 MT), and Germany (20,900 MT).
Soybean Cake and Meal: Net sales of 466,100 MT were down 22 percent from the previous week. Increases were reported for unknown destinations (278,500 MT), Australia (40,000 MT), Egypt (30,000 MT), Japan (28,900 MT, including 3,000 MT switched from unknown destinations), and Syria (22,500 MT). Decreases were reported for Honduras (7,600 MT). Net sales of 100 MT for delivery in 2010/11 were for Canada. Exports of 101,600 MT were primarily to the Philippines (43,700 MT), Canada (21,800 MT), Mexico (16,600 MT), and Venezuela (6,000 MT).
Soybean Oil: Net sales of 24,000 MT were down 88 percent from the previous week. Increases were reported for Venezuela (6,000 MT), Cuba (5,000 MT), India (3,300 MT), Peru (3,000 MT), and Nicaragua (3,000 MT). Exports of 4,400 MT were primarily to Mexico (1,400 MT), Guatemala (1,300 MT), and South Korea (1,000 MT).
Cotton: Net Upland sales of 58,000 running bales were down 37 percent from the previous week and 16 percent from the prior 4-week average. Increases were reported for China (29,400 RB, including 2,400 RB switched from Hong Kong), Turkey (22,800 RB), Japan (5,600 RB), Thailand (4,300 RB, including 700 RB switched from unknown destinations), Brazil (2,800 RB), and Malaysia (2,200 RB). Decreases were reported for Mexico (9,600 RB), El Salvador (6,300 RB), and Hong Kong (2,400 RB). Net sales of 27,600 RB for delivery in 2010/11 were mainly for Mexico (19,200 RB) and El Salvador (6,300 RB). Exports of 213,500 RB were down 1 percent from the previous week, but up 25 percent from the prior 4-week average. The primary destinations were Turkey (50,500 RB), China (47,200 RB), Mexico (35,000 RB), South Korea (14,300 RB), Vietnam (12,100 RB), and Bangladesh (8,300 RB). Net American Pima sales of 14,600 RB were down 67 percent from the previous week and 25 percent from the prior 4-week average. Increases were primarily for India (6,600 RB), Pakistan (2,500 RB), China (2,200 RB), and Peru (1,200 RB). Exports 7,800 RB were up 37 percent from the previous week and 53 percent from the prior 4-week average. The primary destinations were India (3,400 RB), China (2,700 RB), and Pakistan (800 RB).
Hides and Skins: Net sales of 411,200 pieces, all whole cattle hides, were up 8 percent from the previous week and 14 percent from the prior 4-week average. The primary buyers were China (201,600 pieces), South Korea (74,500 pieces), Taiwan (58,200 pieces), Hong Kong (25,700 pieces), and Mexico (19,600 pieces). Exports of 413,300 pieces were down 21 percent from the previous week and 8 percent from the prior 4-week average. Whole cattle hide exports of 404,000 pieces were primarily to China (208,600 pieces), Taiwan (43,800 pieces), South Korea (43,500 pieces), Hong Kong (30,900 pieces), Mexico (24,600 pieces), and Thailand (19,500 pieces).
Net sales of 111,100 wet blues were down 21 percent from the previous week and 9 percent from the prior 4-week average. The primary buyers were China (41,400 unsplit and 1,000 grain splits), Italy (22,800 unsplit), the Dominican Republic (16,000 unsplit), and Mexico (10,900 grain splits and 200 unsplit). Exports of 112,500 hides were down 15 percent from the previous week and 6 percent from the prior 4-week average. The primary destinations were China (47,000 unsplit), Mexico (23,700 grain splits and 3,200 unsplit), Italy (17,800 unsplit), and the Dominican Republic (6,400 unsplit). Net sales of splits totaling 6,500 pounds resulted as increases for China (6,700 pounds) were partially offset by decreases for Taiwan (200 pounds). Exports of 736,400 pounds were up noticeably from the previous week and 6 percent from the prior 4-week average. The destinations were China (422,600 pounds), South Korea (270,000 pounds), and Taiwan (43,800 pounds).
Beef: Net sales of 8,500 MT were primarily for South Korea (2,100 MT), Canada (1,700 MT), Mexico (1,700 MT), Japan (1,600 MT), and Taiwan (800 MT). Net sales of 300 MT for the 2010 marketing year (which begins Jan. 1) were mainly for Hong Kong (200 MT). Exports of 10,300 MT were mainly to Mexico (2,900 MT), Japan (1,900 MT), Vietnam (1,600 MT), Canada (1,400 MT), and South Korea (1,100 MT).