Exports Sales/grains
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Started by metmike - May 17, 2018, 9:38 a.m.

Not so good sales. Strong dollar? Low world wheat prices? China not buying US beans?


However, weather may be turning more bullish if we can get the pattern to amplify more. The pattern overnight actually de-amplified/was less impressive than the one on models yesterday evening.


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

Export Sales Highlights 

This summary is based on reports from exporters for the  period May 4-10, 2018.

 Wheat:  Net  sales of 63,100 metric tons for delivery in marketing year 2017/2018 were up 79  percent from the previous week, but down 50 percent from the prior 4-week  average.Increases were primarily  for Yemen (52,700 MT, including 50,000 MT switched from unknown destinations),  the Philippines (52,000 MT), Iraq (50,500 MT, including 50,000 MT switched from  unknown destinations), Ecuador (35,800 MT, including 35,000 MT switched from  unknown destinations and decreases of 500 MT), and Japan (28,800 MT, including  decreases of 22,000 MT).Reductions  were primarily reported for unknown destinations (143,000 MT) and South Korea  (22,500 MT).For 2018/2019, net  sales of 131,700 MT were primarily reported for Japan (48,000 MT), South Korea  (24,800 MT), and Mexico (19,200 MT). Exports of 409,900 MT were up 27 percent from the previous week, but unchanged  from the prior 4-week average.The  primary destinations were to Japan (95,600 MT), Yemen (52,700 MT), Iraq (50,500  MT), Mexico (50,300 MT), and Ecuador (35,800 MT).

 Corn: Net sales of 985,700 MT for 2017/2018 were up 42 percent from the previous week  and 15 percent from the prior 4-week average.Increases were reported for Japan (401,500 MT, including 154,500 MT  switched from unknown destinations), Colombia (122,500 MT, including 50,000 MT  switched from unknown destinations and decreases of 2,300 MT), Vietnam (120,600  MT, including 130,000 MT switched from unknown destinations and decreases of  9,400 MT), Mexico (92,700 MT, including decreases of 18,600 MT), and Taiwan  (79,200 MT, including decreases of 2,100 MT).Reductions were primarily for unknown destinations (279,400 MT).For 2018/2019, net sales of 129,200 MT were reported for Mexico (119,200  MT) and Taiwan (10,000 MT).Exports  of 1,563,800 MT were down 12 percent from the previous week and 4 percent from  the prior 4-week average.The  destinations were primarily to Mexico (364,900 MT), Japan (318,000 MT), Taiwan  (162,300 MT), Vietnam (120,600 MT), and Colombia (80,800 MT).

 Optional Origin Sales: For 2017/2018, options were exercised to export 174,000 MT to unknown  destinations (104,000 MT) and South Korea (70,000 MT) from other than the United  States.The current optional origin  outstanding balance of 534,000 MT is for South Korea (344,000 MT), Vietnam  (65,000 MT), unknown destinations (75,000 MT), and Egypt (50,000 MT).

 Barley: Net sales reductions of 7,000 MT for 2017/2018 resulted as increases for South  Korea (100 MT), were more than offset by reductions for Japan (7,100 MT). For 2018/2019, net sales of 7,100 were  reported for Japan.Exports of 500  MT were to South Korea (300 MT) and Taiwan (200 MT).

 Sorghum: Net sales of 59,400 MT for 2017/2018 were reported for Japan (65,200 MT,  including 6,100 MT switched from unknown destinations), Taiwan (700 MT), and  Mexico (400 MT).Reductions were  primarily for unknown destinations (6,100 MT).For 2018/2019, net sales of 38,000 MT were reported for Mexico.Exports of 65,900 MT were down 66 percent from the previous week and 43  percent from the prior 4-week average.The destinations were Japan (65,300 MT), Taiwan (400 MT), and Mexico (300  MT).

 Export Adjustments: Accumulated exports to China were adjusted down 58,250 MT for week ending March  15th.The correct  destination is Japan and is included in this week’s report.

 Rice: Net sales of 35,900 MT for 2017/2018 were down 29 percent from the previous week  and 27 percent from the prior 4-week average.Increases were reported for Mexico (22,700 MT), Canada (3,600 MT,  including decreases of 300 MT), Austria (2,200 MT), Germany (1,900 MT), and El  Salvador (1,200 MT).Exports of  51,300 MT were down 28 percent from the previous week and 5 percent from the  prior 4-week average.The  destinations were Costa Rica (16,300 MT), Honduras (11,000 MT), El Salvador  (5,100 MT), Mexico (4,200 MT), and Canada (3,200 MT, including 500 MT late  reporting).

 Soybeans: Net sales of 281,900 MT for 2017/2018 were down 20 percent from the previous  week and 48 percent from the prior 4-week average.Increases were reported for the Netherlands (127,900 MT, including  121,000 MT switched from unknown destinations and decreases of 2,300 MT), Egypt  (97,400 MT, including 49,000 MT switched from unknown destinations and decreases  of 2,600 MT), Mexico (85,600 MT), Indonesia (69,000 MT, including 25,000 MT  switched from unknown destinations and decreases of 400 MT), and Japan (45,000  MT, including 30,200 MT switched from unknown destinations and decreases of 200  MT).Reductions were primarily for  unknown destinations (224,500 MT). For 2018/2019, net sales of 224,700 MT were primarily reported for Pakistan  (66,000 MT), Mexico (62,000 MT), and unknown destinations (60,000 MT).Exports of 654,500 MT were up 39 percent from the previous week and 30  percent from the prior 4-week average.The destinations were primarily to China (129,500 MT), the Netherlands  (127,900 MT), Egypt (112,400 MT), Mexico (78,500 MT), and Indonesia (44,900 MT).

 Export for Own Account: The current outstanding balance of 12,200 MT is for Canada.

 Soybean Cake and Meal: Net sales of 376,000 MT for 2017/2018 were up noticeably from the previous week  and from the prior 4-week average. Increases were reported for the Philippines (165,100 MT), Spain (46,900 MT),  Morocco (29,300 MT, including decreases of 700 MT), Venezuela (22,000 MT), and  Vietnam (20,000 MT).Reductions were  primarily for El Salvador (4,300 MT) and unknown destinations (1,000 MT).For 2018/2019, net sales of 45,700 were reported for the Philippines  (45,000 MT) and Canada (700 MT). Exports of 260,400 MT were down 14 percent from the previous week and 10 percent  from the prior 4-week average.The  primary destinations were Mexico (90,800 MT), Thailand (52,500 MT), Vietnam  (26,600 MT), Spain (19,400 MT), and Canada (12,100 MT).

 Soybean Oil: Net sales of 10,200 MT were down 78 percent from the previous week and 69  percent from the prior 4-week average.Increases were reported for South Korea (20,000 MT, switched from unknown  destinations), Mexico (6,400 MT), the Dominican Republic (3,900 MT), and Canada  (300 MT).Reductions were primarily  for unknown destinations (20,000 MT).Exports of 40,200 MT were down 44 percent from the previous week, but up  24 percent from the prior 4-week average.The primary destinations were South Korea (20,000 MT), the Dominican  Republic (9,700 MT), Peru (5,600 MT), Colombia (2,800 MT), and Mexico (1,200  MT).

 Cotton: Net sales of 153,300 running bales for 2017/2018 were down 21 percent from the  previous week and 38 percent from the prior 4-week average.Increases were reported for Vietnam (73,000 RB, including 10,500 RB  switched from China and 900 RB switched from South Korea), Indonesia (21,700 RB,  including 1,500 RB switched from China, 400 RB switched from Japan, and 400 RB  switched from Sri Lanka), Turkey (13,600 RB, including decreases of 500 RB),  Pakistan (13,200 RB, including decreases of 1,600 RB), and South Korea (12,100  RB, including 2,700 RB switched from China and decreases 300 RB).Reductions were primarily reported for Japan (2,200 RB) and Egypt (2,200  RB).For 2018/2019, net sales of  229,300 RB were primarily for Indonesia (69,700 RB), Vietnam (64,300 RB), China  (24,300 RB), and South Korea (18,100 RB), were partially offset by reductions  for the Philippines (1,100 RB). Exports of 422,700 RB were down 17 percent from the previous week and 2 percent  from the prior 4-week average.The  primary destinations were Vietnam (73,500 RB), Turkey (67,500 RB), China (51,800  RB), Pakistan (49,100 RB), and Bangladesh (30,100 RB).Net sales of Pima totaling 2,100 RB for 2017/2018 were down 38 percent  from the previous week and 67 percent from the prior 4-week average.Increases were primarily reported for Italy (900 RB, switched from  unknown destinations), China (900 RB), Bangladesh (400 RB), and Bahrain (300  RB).Reductions were reported for  unknown destinations (900 RB) and Japan (100 RB).Exports of 11,700 RB were up 13 percent from the previous week and 22  percent from the prior 4-week average.The primary destinations were India (6,100 RB), China (4,800 RB), and  Pakistan (300 RB).

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