Grains Thursday
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Started by metmike - June 28, 2018, 11:41 a.m.

USDA report out Friday 11am CDT

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By metmike - June 28, 2018, 11:44 a.m.
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                           Export Sales Highlights

https://apps.fas.usda.gov/export-sales/highlite.htm

 This summary is based on reports from exporters for the period June 15-21, 2018.

 Wheat:  Net  sales of 563,700 metric tons were reported for delivery in marketing year  2018/2019.Increases were primarily  for unknown destinations (205,700 MT), Mexico (86,700 MT, including decreases of  3,600 MT), South Korea (84,800 MT), the Philippines (45,200 MT, including 32,000  MT switched from unknown destinations and decreases of 12,000 MT), and El  Salvador (27,700 MT).Reductions  were reported for Japan (1,900 MT). Exports of 356,800 MT were reported to the Philippines (101,200 MT), Indonesia  (55,000 MT), Mexico (51,700 MT), Japan (35,700 MT), and South Korea (31,600 MT).

 Corn: Net sales of 849,900 MT for 2017/2018 were up noticeably from the previous week  and up 16 percent from the prior 4-week average.Increases were reported for South Korea (206,700 MT, including 130,000 MT  switched from unknown destinations and decreases of 1,000 MT), Mexico (195,200  MT, including decreases of 3,400 MT), Japan (163,600 MT, including 58,300 MT  switched from unknown destinations and decreases of 14,900 MT), Colombia (79,600  MT), and Peru (78,200 MT, including decreases of 3,500 MT).Reductions were primarily for unknown destinations (188,100 MT).For 2018/2019, net sales of 636,800 MT were reported for South Korea  (132,000 MT), Japan (125,000 MT), Panama (117,000 MT), and Mexico (108,800 MT).Exports of 1,479,900 MT were down 16 percent from the previous week and 9  percent from the prior 4-week average.The destinations were primarily to South Korea (275,500 MT), Mexico  (275,100 MT), Japan (237,800 MT), Taiwan (91,500 MT), and Tunisia (84,500 MT).

 Optional Origin Sales: For 2017/2018, the current optional origin outstanding balance of 417,000 MT is  for South Korea (206,000 MT), unknown destinations (91,000 MT), Saudi Arabia  (70,000 MT), and Egypt (50,000 MT). For 2018/2019, the current outstanding balance of 138,000 MT is for Saudi Arabia  (70,000 MT) and South Korea (68,000 MT).

 Barley: No net sales were reported for the week.Exports of 600 MT were to Japan (500 MT) and Taiwan (100 MT).

 Sorghum: There were no net sales or exports reported during the week.

 Rice: Net sales of 31,400 MT for 2017/2018 were up noticeably from the previous week,  but down 38 percent from the prior 4-week average.Increases reported for Haiti (15,300 MT), Costa Rica (6,000 MT), Honduras  (4,200 MT), Canada (3,500 MT, including decreases of 100 MT), and Mexico (1,400  MT, including decreases of 300 MT), were partially offset by reductions for El  Salvador (500 MT), Jordan (300 MT), the Dominican Republic (200 MT), and  Nicaragua (200 MT).Exports of  56,900 MT were up 57 percent from the previous week, but down 22 percent from  the prior 4-week average.The  destinations were primarily to Honduras (17,000 MT), Haiti (15,000 MT), Japan  (7,900 MT), Mexico (6,400 MT), and Guatemala (5,900 MT).

 Soybeans: Net sales of 358,500 MT for 2017/2018 were up 19 percent from the previous week  and 14 percent from the prior 4-week average.Increases were reported for Vietnam (79,700 MT, including 65,000 MT  switched from unknown destinations), the Netherlands (76,700 MT, including  66,000 MT switched from unknown destinations), Bangladesh (64,000 MT, including  63,000 MT switched from China), Iran (60,000 MT, switched from China), and Peru  (34,500 MT, including 35,000 MT switched from unknown destinations and decreases  of 500 MT).Reductions were for  China (120,000 MT). For 2018/2019, net sales of 642,300 MT were primarily for Pakistan (207,000 MT),  Thailand (148,000 MT), and Mexico (135,000 MT). Exports of 500,500 MT were down 50 percent from the previous week and 27 percent  from the prior 4-week average.The  destinations included the Netherlands (76,700 MT), Vietnam (75,500 MT), China  (71,700 MT), Pakistan (69,300 MT), and Mexico (39,900 MT).

 Optional Origin Sales: For 2018/2019, the current optional origin outstanding balance of 228,000 MT is  for China (165,000 MT) and unknown destinations (63,000 MT).

 Export for Own Account: The current outstanding balance of 71,400 MT is for Canada.

 Soybean Cake and Meal: Net sales of 146,300 MT for 2017/2018 were up 27 percent from the previous week  and from the prior 4-week average. Increases were reported for Mexico (37,200 MT, including decreases of 500 MT),  the Philippines (29,600 MT, including decreases of 100 MT), Canada (26,600 MT),  Colombia (14,000 MT), and Guatemala (12,000 MT, including 12,900 MT switched  from unknown destinations, 2,000 MT switched from Panama, 2,000 MT switched from  El Salvador, and decreases of 100 MT).Reductions were reported for unknown destinations (13,100 MT).For 2018/2019, net sales of 75,500 MT were primarily for Panama (48,500  MT), El Salvador (12,000 MT), and Canada (4,200 MT).Exports of 273,400 MT were up 30 percent from the previous week and 19  percent from the prior 4-week average.The primary destinations were the Philippines (71,300 MT), Mexico (32,000  MT), Morocco (31,800 MT), Venezuela (22,000 MT), and Guatemala (21,100 MT).

 Soybean Oil: Net sales of 30,500 MT for 2017/2018 were up 91 percent from the previous week  and up noticeably from the prior 4-week average.Increases were primarily for Peru (13,900 MT), Mexico (7,600 MT), Jamaica  (3,500 MT), Colombia (2,200 MT, including decreases of 2,000 MT), and the  Dominican Republic (1,600 MT).For  2018/2019, net sales of 2,400 MT were reported for Mexico.Exports of 7,500 MT were down 75 percent from the previous week and 77  percent from the prior 4-week average.The primary destinations were Guatemala (5,000 MT) and Mexico (2,200 MT).

 Cotton: Net sales reductions of 18,900 running bales for 2017/2018 were up 83 percent  from the previous week and up 40 percent from the prior 4-week average.Increases were reported for Vietnam (16,800 RB, including 5,400 RB  switched from China, 900 RB switched from Taiwan, 400 RB switched from unknown  destinations, 300 RB switched from Japan, and decreases of 8,800 RB), India  (6,900 RB), Thailand (5,400 RB, including 900 RB switched from Japan), Indonesia  (3,000 RB, including 400 RB switched from Japan), and Turkey (2,500 RB,  including decreases of 100 RB). Reductions were reported for South Korea (50,100 RB), China (7,200 RB), and  Guatemala (1,100 RB).For 2018/2019,  net sales of 196,200 RB reported for Vietnam (125,900 RB), Indonesia (50,200  RB), and Turkey (39,700 RB), were partially offset by reductions for China  (50,400 RB).Exports of 367,800 RB  were up 18 percent from the previous week, but down 15 percent from the prior  4-week average.The primary  destinations were Turkey (68,000 RB), Vietnam (67,300 RB), Indonesia (63,500  RB), China (24,800 RB), and Thailand (24,300 RB).Net sales of Pima totaling 2,300 RB for 2017/2018 were up noticeably from  the previous week, but down 78 percent from the prior 4-week average.Increases were reported for China (3,100 RB), India (1,300 RB, including  decreases of 4,400 RB), Thailand (900 RB), and Vietnam (400 RB, switched from  Japan).Reductions were primarily  for Egypt (2,600 RB).For 2018/2019,  net sales of 56,400 RB were primarily for South Korea (50,200 RB), Egypt (2,600  RB), and Pakistan (1,800 RB). Exports of 12,700 RB were up 72 percent from the previous week and 41 percent  from the prior 4-week average.The  primary destinations were India (8,800 RB) and China (2,400 RB).