DJ US Export Sales: Commodity Highlights - Dec 26

Kansas City, Dec 26, 2008 (Dow Jones Commodities News via Comtex) -- USDA Thursday released the following export highlights in its Export Sales report for week ended Dec 18.

Wheat: Net sales of 253,600 metric tons were down 3 percent from the previous week and 12 percent from the prior 4-week average. Increases reported for Mexico (58,600 MT), Egypt (57,800 MT), Taiwan (56,000 MT), Japan (53,700 MT), Guatemala (30,900 MT, including 30,200 MT switched from unknown destinations), Yemen (28,000 MT), and South Korea (23,800 MT), were partially offset by decreases for unknown destinations (50,800 MT) and Spain (40,000 MT). Exports of 290,900 MT--a marketing-year low--were down 30 percent from the previous week and 34 percent from the prior 4-week average. The primary destinations were Mexico (96,900 MT), Egypt (57,800 MT), Japan (46,500 MT), Guatemala (30,900 MT), Morocco (19,600 MT), and Colombia (15,400 MT).

Corn: Net sales of 551,400 MT were down 10 percent from the previous week and 6 percent from the prior 4-week average. Increases reported for Japan (263,900 MT), Taiwan (90,500 MT, including 79,000 MT switched from unknown destinations), Mexico (81,000 MT), Venezuela (80,000 MT), Guatemala (22,400 MT), and Syria (18,000 MT), were partially offset by decreases for South Korea (24,600 MT), Egypt (16,300 MT), unknown destinations (12,000 MT), and Colombia (5,800 MT). Exports of 831,300 MT were up 17 percent from the previous week and 7 percent from the prior 4-week average. The primary destinations were Japan (289,200 MT), Mexico (119,000 MT), Taiwan (117,200 MT), South Korea (114,300 MT), Colombia (69,100 MT), Canada (28,900 MT), and Egypt (24,100 MT).

Barley: There were no sales reported during the week. Exports of 5,600 MT were for Japan (4,900 MT) and Mexico (700 MT).

Sorghum: Net sales of 88,900 MT were for Mexico. Exports of 12,800 MT were for Mexico (12,700 MT) and Canada (100 MT).

Rice: Net sales of 23,300 MT were down 77 percent from the previous week and 71 percent from the prior 4-week average. Increases were reported for Venezuela (20,000 MT), Mexico (1,400 MT), Canada (1,200 MT), Jordan (600 MT), and the Bahamas (200 MT). Decreases were for Japan (600 MT). Exports of 61,800 MT were down 34 percent from the previous week and 5 percent from the prior 4-week average. The primary destinations were Costa Rica (33,000 MT), Mexico (16,500 MT), Canada (2,600 MT), Honduras (2,500 MT), South Korea (2,000 MT), Jordan (1,900 MT), and New Guinea (1,400 MT).

Soybeans: Net sales of 584,800 MT were down 35 percent from the previous week and 18 percent from the prior 4-week average. Increases reported for China (374,400 MT, including 167,000 MT switched from unknown destinations), the Netherlands (129,800 MT, including 120,000 MT switched from unknown destinations), Indonesia (114,500 MT), Egypt (60,000 MT), and Taiwan (59,600 MT, including 56,000 MT switched from China), were partially offset by decreases for unknown destinations (232,000 MT) and Morocco (23,800 MT). Net sales of 6,100 MT for 2009/10 delivery were for Japan. Exports of 951,500 MT were down 18 percent from the previous week and 13 percent from the prior 4-week average. The primary destinations were China (609,200 MT), the Netherlands (129,800 MT), Japan (57,000 MT), Mexico (39,900 MT), Morocco (31,200 MT), Israel (23,300 MT), and Taiwan (23,000 MT).

Soybean Cake and Meal: Net sales of 145,700 MT were up two and three-tenths times from the previous week and nearly two and two-fifths times from the prior 4-week average. Increases were reported for Mexico (33,300 MT), Venezuela (23,000 MT), Turkey (16,700 MT, including 15,000 MT switched from unknown destinations), Canada (16,200 MT), the Dominican Republic (15,700 MT), and Guatemala (11,900 MT). Exports of 229,700 MT were up 77 percent from the previous week and 44 percent from the prior 4-week average. The primary destinations were Venezuela (56,200 MT), Mexico (43,600 MT), Ecuador (27,400 MT), Canada (23,300 MT), Turkey (16,700 MT), and the Dominican Republic (16,300 MT).

Soybean Oil: Net sales of 5,400 MT were mainly for Canada (2,200 MT), Mexico (2,000 MT), Nicaragua (600 MT), the Dominican Republic (300 MT), and Guatemala (200 MT). Decreases were for Saudi Arabia (100 MT). Exports of 7,400 MT were up 23 percent from the previous week, but down 43 percent from the prior 4-week average. The destinations were primarily Mexico (2,600 MT), Costa Rica (1,500 MT), El Salvador (800 MT), Canada (700 MT), Barbados (700 MT), and Nicaragua (600 MT).

Cotton: Net Upland sales of 118,900 running bales were up 52 percent from the previous week and 7 percent from the prior 4-week average. Increases reported for Turkey (26,700 RB), Morocco (17,100 RB), Indonesia (16,400 RB), China (13,700 RB), Bangladesh (10,200 RB), and Malaysia (9,700 RB), were partially offset by decreases for Pakistan (7,700 RB), El Salvador (1,900 RB), and unknown destinations (1,800 RB). Net sales of 1,000 RB for delivery in 2009/10 were for South Korea. Exports of 210,700 RB were up 18 percent from the previous week, but down 1 percent from the prior 4-week average. The primary destinations were China (54,600 RB), Turkey (47,700 RB), Vietnam (29,500 RB), Mexico (12,600 RB), and Thailand (10,400 RB). Net American Pima Sales of 100 RB resulted as increases for Indonesia (600 RB), Thailand (400 RB), and Japan (400 RB), were partially offset by decreases for China (1,300 RB). Exports of 400 RB were for India.

Hides and Skins: Net sales of 689,400 pieces were up 7 percent from the previous week and 24 percent from the prior 4-week average. Whole cattle hide sales of 719,500 pieces were primarily for China (352,900 pieces), South Korea (142,700 pieces), Taiwan (118,700 pieces), Mexico (30,300 pieces), and Japan (25,500 pieces). Exports of 455,700 pieces were up 12 percent from the previous week and 14 percent from the prior 4-week average. Whole cattle hide exports of 443,400 pieces were primarily to China (224,300 pieces), South Korea (77,900 pieces), Thailand (39,500 pieces), Taiwan (34,800 pieces), and Mexico (27,100 pieces).

Net sales of 81,100 wet blues were down 9 percent from the previous week and 46 percent from the prior 4-week average. Increases were mainly for Thailand (52,300 unsplit), Taiwan (28,400 unsplit), China (4,800 unsplit), Mexico (2,400 grain splits), and Hong Kong (1,800 unsplit). Exports of 78,800 hides were up 3 percent from the previous week and 17 percent from the prior 4-week average. The primary destinations were China (35,600 unsplit), Hong Kong (16,600 unsplit), Italy (14,700 unsplit), and Mexico (4,900 grain splits). Net sales of splits totaling 419,200 pounds were primarily for China (405,000 pounds). Exports of 128,200 pounds were down 63 percent from the previous week and 65 percent from the prior 4-week average. The destination was China.

Beef: Net sales reductions of 6,200 MT resulted as increases for Mexico (1,900 MT), Canada (800 MT), and the Philippines (100 MT), were more than offset by decreases for South Korea (7,100 MT), Vietnam (900 MT), Japan (600 MT), and Russia (400 MT). Net Sales of 13,000 MT for delivery in 2009 were primarily for South Korea (6,400 MT, switched from marketing year 2008), Vietnam (2,400 MT, including 900 MT switched from marketing year 2008), Mexico (2,400 MT), and Japan (1,100 MT, including 400 MT switched from marketing year 2008). Exports of 8,200 MT were primarily to Mexico (3,900 MT), Canada (1,500 MT), Japan (800 MT), South Korea (600 MT), and Taiwan (400 MT).

December 26, 2008

FOREIGN AGRICULTURAL SERVICE/USDA
SUMMARY OF EXPORT TRANSACTIONS
Reported Under the Daily Reporting System
For Period Ending December 18, 2008
Commodity Destination Quantity (MT) Marketing
SOYBEANS 1/ CHINA 116,000 2008/09

1/ Export sales.

-By Valena Henderson; Dow Jones Newswires; 913-322-5171;
csstat@dowjones.com

(END) Dow Jones Newswires
12-26-08 0832ET
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