Ag Exports:  Corn down 74%;  Pork sales over 48K mt

Wheat:  Net sales reductions of 95,600 metric tons (MT) for 2020/2021--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average.  Increases primarily for Mexico (31,800 MT, including decreases of 200 MT), Haiti (27,500 MT, switched from unknown destinations), Nigeria (12,400 MT), Portugal (8,600 MT, including 9,500 MT switched from unknown destinations and decreases of 900 MT), and South Korea (4,100 MT), were more than offset by reductions primarily for unknown destinations (131,500 MT).  For 2021/2022, net sales of 399,600 MT were primarily for unknown destinations (127,400 MT) and Mexico (108,900 MT).  Exports of 585,600 MT were up 7 percent from the previous week and 6 percent from the prior 4-week average.  The destinations were primarily to China (198,900 MT), Mexico (88,400 MT), Japan (59,200 MT), South Korea (54,100 MT), and Canada (28,700 MT).

Optional Origin Sales:  For 2020/2021, new optional origin sales of 1,600 MT were reported for Spain.  The current outstanding balance of 55,100 MT is for Spain.

Corn:  Net sales of 137,400 MT for 2020/2021 were down 74 percent from the previous week and 72 percent from the prior 4-week average.  Increases primarily for Japan (206,800 MT, including 109,600 MT switched from unknown destinations and decreases of 1,800 MT), Mexico (141,600 MT, including decreases of 9,400 MT), South Korea (121,700 MT, including 65,000 MT switched from unknown destinations and decreases of 12,800 MT), Colombia (118,600 MT, including 100,000 MT switched from unknown destinations and decreases of 37,800 MT), and China (83,100 MT, including 64,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (559,100 MT).  For 2021/2022, net sales of 106,200 MT were reported for unknown destinations (50,800 MT), Japan (32,500 MT), and Mexico (22,900 MT).  Exports of 2,195,100 MT were up 15 percent from the previous week and 19 percent from the prior 4-week average.  The destinations were primarily to China (698,100 MT), Japan (448,600 MT), Mexico (293,100 MT), South Korea (255,900 MT), and Colombia (136,600 MT).

Optional Origin Sales:  For 2020/2021, options were exercised to export 8,900 MT to China from other than the United States.  The current outstanding balance of 268,500 MT is for unknown destinations (189,500 MT) and South Korea (79,000 MT).

Barley:  Net sales of 1,000 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for South Korea (600 MT) and Canada (400 MT).  Exports of 400 MT were down 3 percent from the previous week and 17 percent from the prior 4-week average.  The destinations were to South Korea (200 MT), Taiwan (100 MT), and Canada (100 MT).    

Sorghum:  Total net sales of 200 MT for 2020/2021 were down noticeably from the previous week and from the prior 4-week average.  Increases were for China, including decreases of 6,000 MT.  For 2021/2022, total net sales of 55,000 MT were for China.  Exports of 175,900 MT were down 27 percent from the previous week and 54 percent from the prior 4-week average.  The destination was to China.

Rice:  Net sales of 37,900 MT for 2020/2021 were up 18 percent from the previous week, but down 16 percent from the prior 4-week average.  Increases were primarily for Guatemala (7,500 MT), Haiti (7,200 MT), Saudi Arabia (6,700 MT), El Salvador (4,200 MT), and Israel (3,800 MT).  Exports of 122,000 MT were up 49 percent from the previous week and up noticeably from the prior 4-week average.  The destinations were primarily to Mexico (44,600 MT), Nicaragua (23,800 MT), Haiti (15,300 MT), El Salvador (9,200 MT), and Guatemala (7,200 MT).

Exports for Own Account:  For 2020/2021, exports for own account totaling 100 MT to Canada were applied to new or outstanding sales.

Soybeans:  Net sales of 165,300 MT for 2020/2021 were down 44 percent from the previous week, but up 86 percent from the prior 4-week average.  Increases primarily for unknown destinations (135,500 MT), Japan (55,600 MT), Malaysia (17,600 MT, including 1,000 MT switched from Indonesia), Indonesia (11,500 MT, including decreases of 500 MT), and Colombia (1,700 MT), were offset by reductions primarily for Mexico (53,400 MT).  For 2021/2022, net sales of 192,900 MT were for unknown destinations (192,000 MT) and Japan (900 MT).  Exports of 264,100 MT were down 22 percent from the previous week and 20 percent from the prior 4-week average.  The destinations were primarily to Mexico (95,900 MT), Malaysia (32,200 MT), Indonesia (29,500 MT), China (27,300 MT), and Costa Rica (16,700 MT).

Exports for Own Account:  For 2020/2021, the current exports for own account outstanding balance is 5,800 MT, all Canada.

Soybean Cake and Meal:  Net sales of 202,000 MT for 2020/2021 were up 24 percent from the previous week and 66 percent from the prior 4-week average.  Increases primarily for the Philippines (83,000 MT), Mexico (44,300 MT, including decreases of 2,300 MT), the Dominican Republic (18,500 MT), Canada (16,600 MT, including decreases of 400 MT), and Morocco (12,500 MT, including decreases of 2,200 MT), were offset by reductions primarily for Jamaica (600 MT) and El Salvador (300 MT).  For 2021/2022, net sales of 64,700 MT were for unknown destinations (50,000 MT) and Canada (14,700 MT).  Exports of 201,400 MT were up 7 percent from the previous week, but down 5 percent from the prior 4-week average.  The destinations were primarily to Mexico (40,900 MT), Ecuador (31,900 MT), Honduras (24,700 MT), Guatemala (24,100 MT), and Canada (23,400 MT).

Late Reporting: For 2020/2021, net sales and exports totaling 4,500 MT of soybean cake and meal were reported late to Venezuela.

Soybean Oil:  Net sales of 6,100 MT for 2020/2021 were up 67 percent from the previous week and 3 percent from the prior 4-week average.  Increases primarily for the Dominican Republic (8,000 MT), Mexico (700 MT), and Canada (300 MT), were offset by reductions for Colombia (3,000 MT).  Exports of 21,200 MT were up 71 percent from the previous week and up noticeably from the prior 4-week average.  The destinations were primarily to South Korea (20,000 MT), Canada (700 MT), and Mexico (400 MT).  

Cotton:  Net sales of 63,700 RB for 2020/2021 were down 17 percent from the previous week and 56 percent from the prior 4-week average.  Increases primarily for Pakistan (16,200 RB), Bangladesh (15,400 RB), Indonesia (10,600 RB, including 400 RB switched from Japan), Mexico (9,000 RB), and Turkey (7,600 RB, including decreases of 2,800 RB), were offset by reductions for Vietnam (13,500 RB), China (4,000 RB), and Hong Kong (2,300 RB).  For 2021/2022, net sales of 61,200 RB were primarily for Bangladesh (21,600 RB), Pakistan (15,400 RB), Thailand (10,600 RB), Honduras (4,600 RB), and Nicaragua (3,700 RB).  Exports of 456,600 RB--a marketing-year high--were up 34 percent from the previous week and 35 percent from the prior 4-week average.  Exports were primarily to China (155,000 RB, including 78,600 RB - late), Vietnam (84,100 RB), Pakistan (47,500 RB), Turkey (39,200 RB), and Mexico (27,100 RB).  Net sales of Pima totaling 11,300 RB were up noticeably from the previous week and from the prior 4-week average.  Increases were primarily for India (3,500 RB, including decreases of 100 RB), Turkey (3,500 RB), Vietnam (2,200 RB), Greece (900 RB), and El Salvador (400 RB).  For 2021/2022, total net sales of 200 RB were for El Salvador.  Exports of 24,700 RB were up 70 percent from the previous week and 37 percent from the prior 4-week average.  The destinations were primarily to China (10,700 RB), India (5,700 RB), Peru (1,800 RB), Pakistan (1,600 RB), and Thailand (900 RB).  

Beef:  Net sales of 16,900 MT reported for 2021 were down 28 percent from the previous week and 18 percent from the prior 4-week average.  Increases were primarily for Japan (4,600 MT, including decreases of 500 MT), Mexico (3,000 MT, including decreases of 100 MT), Taiwan (2,900 MT, including decreases of 100 MT), South Korea (2,300 MT, including decreases of 500 MT), and Canada (2,100 MT, including decreases of 100 MT).  For 2022, total net sales of 200 MT were for Canada.  Exports of 18,500 MT were down 1 percent from the previous week and 3 percent from the prior 4-week average.  The destinations were primarily to Japan (5,300 MT), South Korea (5,100 MT), China (3,200 MT), Mexico (1,500 MT), and Taiwan (900 MT). 

Pork:  Net sales of 48,200 MT reported for 2021 were up 36 percent from the previous week and up noticeably from the prior 4-week average.  Increases primarily for Mexico (19,400 MT, including decreases of 500 MT), China (15,000 MT, including decreases of 1,000 MT), Japan (4,700 MT, including decreases of 200 MT), South Korea (3,300 MT, including decreases of 300 MT), and Canada (2,900 MT, including decreases of 400 MT), were offset by reductions for Australia (300 MT) and the Philippines (200 MT).  Exports of 37,100 MT were down 37 percent from the previous week and 18 percent from the prior 4-week average.  The destinations were primarily to Mexico (12,100 MT), China (10,500 MT), Japan (4,600 MT), South Korea (2,500 MT), and Canada (1,500 MT).

NBW Reports

Beef Balance Sheet

CATTLE FLASH 

Cattle Inventory By State: This Year vs. Last Year
Cattle Inventory Highlights
Cattle Inventory:  Ranking Of States With The Most Cattle
Cattle on Feed
Cattle Slaughter By State
Cold Storage

Corn Balance Sheet

Corn Progress By State
Estimated Weekly Meat Production
Export Sales Highlights
Farms and Land in Farms Highlights
Livestock Comments
Livestock Slaughter
Livestock, Dairy & Poultry Outlook
Milk Production By State
National Drought Monitor
National Feeder Cattle Report
National Grain Report
Natural Gas Weekly Update
Number Of Farms By State
Quarterly Hogs & Pigs

Price Projections For Steers, Hogs, Milk

Protein Production Estimates
Ranking Of States With The Largest Farms
Ranking Of States With The Most Farms
Ranking Of States With The Most Land In Farms
Red Meat By Production By State

Soybean Balance Sheet
Today's Weather

Top 25:  Largest Steer & Heifer Strings Sold Today
United States Ag Production Report
USDA Grain Stocks Report
USDA Prospective Plantings Report
WASDE: Feed Grain Outlook
WASDE: Livestock, Dairy & Poultry Outlook
WASDE: Oilseed Outlook
WASDE: Wheat Outlook

Wheat Balance Sheet



Rob Cook, RobCookKC@gmail.com