Net sales of 1,929,100 MT were 88 percent above the previous week and 85 percent over the prior 4-week average. Major increases were reported for Japan (336,100 MT), Mexico (304,200 MT, including 15,000 MT switched from unknown destinations), South Korea (234,500 MT, including 111,700 MT switched from unknown destinations), Ecuador (172,600 MT, including 142,600 MT late reporting), Taiwan (167,300 MT, including 58,000 MT switched from unknown destinations), Syria (152,300 MT, including 117,000 MT switched from unknown destinations), Colombia (110,700 MT, including 27,400 MT late reporting), Algeria (77,900 MT), Panama (72,000 MT, including 56,300 MT late reporting), and Honduras (64,500 MT, all late reporting). Decreases were reported for Egypt (68,800 MT) and unknown destinations (35,000 MT).
Weekly Export Details: Exports of 1,174,000 MT were 7 percent above the previous week and 15 percent over the prior 4-week average. The major destinations were Mexico (248,600 MT), Japan (202,000 MT), Syria (145,300 MT), South Korea (115,700 MT), Guatemala (92,000 MT), Taiwan (87,000 MT), and Egypt (54,500 MT).
Comments and Performance Indicators Sales were nearly double the top end of trade expectations. Export commitments are running 40% ahead of year-ago for the current week compared to 35% ahead the prior week..
Wheat
Actual Sales (in metric tons -- MT) 572,900 MT
Trade Expectations 400,000 to 600,000 MT
Weekly Sales Details Net sales of 572,900 MT were 39 percent below previous week and 9 percent under the prior 4-week average. Major increases for Egypt (120,000 MT), Indonesia (80,000 MT, including 55,000 MT switched from unknown destinations), Cuba (75,000 MT), Honduras (55,500 MT, including 20,000 MT late reporting), Taiwan (50,000 MT), South Korea (42,400 MT), and Venezuela (38,800 MT, including 27,000 MT late reporting) were partially offset by decreases for unknown destinations (66,000 MT). Weekly Export Details: Exports of 257,000 MT were 26 percent below the previous week and 43 percent under the prior 4-week average. The primary destinations were Japan (42,400 MT), Yemen (41,900 MT), Mexico (38,500 MT), South Korea (23,200 MT), Nigeria (20,900 MT), Panama (20,000 MT), and Algeria (19,700 MT).
Comments and Performance Indicators Sales near the top end of trade expectations. Cumulative bookings are down 18% from year-ago compared to 15% below the prior week.
Soybeans
Actual Sales (in metric tons -- MT) 768,300 MT
Trade Expectations 500,000 to 700,000 MT
Weekly Sales Details Net sales of 768,300 MT were one-fifth above the previous week, but 5 percent under the prior 4-week average. The major buyers were China (230,400 MT, including 60,000 MT switched from unknown destinations), the Netherlands (111,700 MT, including 106,000 MT switched from unknown destinations), Mexico (87,700 MT), Taiwan (79,200 MT), Japan (75,900 MT), Thailand (66,000 MT, including 60,000 MT switched from unknown destinations), and Belgium (60,300 MT, including 60,000 MT switched from unknown destinations). Decreases were reported for unknown destinations (91,000 MT).
Weekly Export Details: Exports of 1,124,400 MT were 8 percent below the previous week, but 14 percent above the prior 4-week average. The primary destination was China (648,100 MT), with smaller quantities to the Netherlands (111,700 MT), Mexico (81,800 MT), Thailand (66,000 MT), and Belgium (60,300 MT).
Comments and Performance Indicators Sales were above trade expectations. Cumulative bookings are up 36% from year ago compared to up 36% the prior week.
Soymeal
Actual Sales (in metric tons -- MT) 265,900 MT
Trade Expectations 75,000 to 125,000 MT
Weekly Sales Details Net sales of 265,900 MT were four and three-fifths times the previous week. The major buyers were Mexico (78,600 MT), Honduras (42,000 MT, all late reporting), Panama (39,300 MT, including 35,300 MT late reporting), Turkey (32,000 MT), and Guatemala (23,000 MT).
Weekly Export Details: Exports of 120,900 MT were 4 percent above the previous week and 6 percent over the prior 4-week average. The primary destinations were Guatemala (33,800 MT), Canada (26,100 MT), Japan (16,100 MT), and Mexico (12,200 MT).
Comments and Performance Indicators Sales were well above trade expectations. Export commitments are running 27% ahead of year-ago for the current week compared to 16% ahead the prior week.
Soyoil
Actual Sales (in metric tons -- MT) -100 MT
Trade Expectations 3,000 to 7,000 MT
Weekly Sales Details Net sales reductions of 100 MT resulted as major increases for Canada (300 MT) were more than offset by decreases for South Korea (500 MT).
Weekly Export Details: Exports of 33,800 MT were mainly for China (20,000 MT), South Korea (9,500 MT), and Mexico (3,800 MT).
Comments and Performance Indicators Sales were below trade expectations. Export commitments are running 16% behind year-ago for the current week compared to 22% ahead the prior week.
Cotton
Actual Sales (in running bales -- RB) 156,100 RB
Trade Expectations 75,000 RB to 200,000 RB
Weekly Sales Details Net Upland sales of 156,100 RB were 31 percent above the previous week, but 23 percent under the prior 4-week average. The major buyers were Turkey (74,000 RB), China (28,400 RB), and Pakistan (9,300 RB). Sales of 10,700 RB for delivery in 2007/08 were for Nicaragua (7,200 RB) and Thailand (3,500 RB).
Weekly Export Details: Exports of 125,100 RB were 7 percent above the week earlier and 4 percent over the prior 4-week average. The primary destinations were China (27,900 RB), Turkey (21,100 RB), Mexico (20,200 RB), Indonesia (12,700 RB), Colombia (6,900 RB), and Brazil (6,300 RB).
Comments and Performance Indicators Sales were in line with trade expectations. Cumulative bookings are running 44% behind year-ago compared to 45% behind the prior week.
Beef
Actual Sales (in metric tons -- MT) 6,300 MT
Weekly Sales Details Net sales of 6,300 MT were mainly for Mexico (3,200 MT), Canada (1,800 MT), Japan (700 MT), Taiwan (400 MT), and Moldova (200 MT).
Weekly Export Details: Exports of 6,300 MT were primarily for Mexico (4,100 MT), Canada (700 MT), Japan (500 MT), and Taiwan (400 MT).
Comments and Performance Indicators Sales rose fell compared to week-ago levels.