USDA Weekly Export Sales Report Week Ended Aug. 15, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 119,100 |
Expectations (in MT) | 2023-24: 100,000-300,000 |
Actual Sales (in MT) | 2024-25: 1,291,200 |
Expectations (in MT) | 2024-25: 500,000-1,025,000 |
Weekly Sales Details | Net sales of 119,100 MT for 2023/2024--a marketing-year low--were down 1 percent from the previous week and 57 percent from the prior 4-week average. Increases primarily for Japan (110,900 MT, including 163,900 MT switched from unknown destinations), South Korea (62,000 MT), Venezuela (31,600 MT, including 30,000 MT switched from unknown destinations), Mexico (22,600 MT, including decreases of 37,400 MT), and El Salvador (21,400 MT, including 7,500 MT switched from Guatemala, 7,500 MT switched from Nicaragua, and decreases of 600 MT), were offset by reductions primarily for unknown destinations (141,900 MT). Net sales of 1,291,200 MT for 2024/2025 were primarily for Mexico (873,400 MT), Guatemala (135,500 MT), Japan (93,000 MT), unknown destinations (89,300 MT), and Colombia (65,500 MT). |
Weekly Export Details | Exports of 1,155,900 MT were up 12 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Mexico (576,600 MT), Japan (290,900 MT), Colombia (78,300 MT), Portugal (61,200 MT), and Honduras (56,000 MT). |
Comments and Performance Indicators | Export commitments are 38.0% ahead of a year-ago, compared to 37.6% ahead last week. USDA projects exports in 2023-24 at 2.225 billion bu., 33.9% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2023-24: 492,700 |
Expectations (in MT) | 2023-24: 250,000-500,000 |
Weekly Sales Details | Net sales of 492,700 metric tons (MT) for 2024/2025 were up 45 percent from the previous week and 63 percent from the prior 4-week average. Increases primarily for the Philippines (116,000 MT), Mexico (110,500 MT, including decreases of 13,900 MT), Vietnam (85,000 MT), Colombia (38,400 MT, including decreases of 22,800 MT), and Panama (38,000 MT, including decreases of 4,000 MT), were offset by reductions for Honduras (7,900 MT). |
Weekly Export Details | Exports of 470,200 MT were down 6 percent from the previous week, but up 9 percent from the prior 4-week average. The destinations were primarily to Indonesia (131,900 MT), Mexico (87,800 MT), Japan (86,900 MT), the Philippines (66,000 MT), and Chile (53,400 MT). |
Comments and Performance Indicators | Export commitments are 31.3% ahead of year-ago, compared to 31.9% ahead last week. USDA projects exports in 2024-25 exports are projected at 825 million bu. |
Soybeans | |
Actual Sales (in MT) | 2023-24: (43,700) |
Expectations (in MT) | 2023-24: 100,000-400,000 |
Actual Sales (in MT) | 2024-25: 1,676,900 |
Expectations (in MT) | 2024-25: 800,000-1,350,000 |
Weekly Sales Details | Net sales reductions of 43,700 MT for 2023/2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Increases primarily for the Netherlands (130,600 MT, including 120,000 MT switched from unknown destinations), Japan (44,800 MT, including 45,900 MT switched from unknown destinations and decreases of 1,400 MT), Portugal (17,000 MT), Indonesia (7,100 MT), and Vietnam (5,900 MT), were more than offset by reductions for unknown destinations (204,500 MT), China (52,400 MT), Panama (6,000 MT), and the Philippines (500 MT). Net sales of 1,676,900 MT for 2024/2025 were primarily for China (926,000 MT), unknown destinations (456,000 MT), Mexico (113,700 MT), Algeria (45,000 MT), and Canada (27,200 MT). |
Weekly Export Details | Exports of 421,800 MT were down 2 percent from the previous week, but up 6 percent from the prior 4-week average. The destinations were primarily to the Netherlands (130,600 MT), Mexico (73,600 MT), Egypt (60,500 MT), China (55,000 MT), and Japan (46,300 MT). |
Comments and Performance Indicators | Export commitments are running 13.9% behind a year-ago, compared to 13.4% behind last week. USDA projects exports in 2023-24 at 1.700 billion bu., down 14.1% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2023-24: (20,100) |
Expectations | 2023-24: 50,000-250,000 |
Actual Sales (in MT) | 2024-25: 136,400 |
Expectations | 2024-25: 50,000-300,000 |
Weekly Sales Details | Net sales reductions of 20,100 MT for 2023/2024--a marketing[1]year low--were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Germany (30,000 MT), El Salvador (15,000 MT, including 6,000 MT switched from Honduras, 6,000 MT switched from Colombia, 3,600 MT switched from Nicaragua, and decreases of 1,100 MT), Canada (14,800 MT), Honduras (6,800 MT, including 10,000 MT switched from Guatemala and 2,400 MT switched from Nicaragua), and Sri Lanka (4,500 MT, including decreases of 100 MT), were offset by reductions primarily for unknown destinations (71,900 MT), Nicaragua (13,300 MT), Colombia (5,500 MT), Mexico (5,200 MT), and Guatemala (2,000 MT). Net sales of 136,400 MT for 2024/2025 were primarily for Guatemala (35,100 MT), Colombia (35,000 MT), Mexico (28,100 MT), Morocco (19,000 MT), and Sri Lanka (7,000 MT). |
Weekly Export Details | Exports of 221,600 MT were up 28 percent from the previous week and 3 percent from the prior 4- week average. The destinations were primarily to Mexico (47,700 MT), the Dominican Republic (42,300 MT), Guatemala (33,000 MT), Honduras (23,800 MT), and Canada (19,200 MT). |
Comments and Performance Indicators | Export commitments are 8.6% ahead of a year-ago, compared to 9.4% ahead last week. USDA projects exports in 2023-24 will increase 10.0% from the previous marketing year in 2022-23. |
Soyoil | |
Actual Sales (in MT) | 2023-24: 10,500 |
Expectations | 2023-24: 0-10,000 |
Actual Sales (in MT) | 2024-25: 100 |
Expectations | 2024-25: 0-10,000 |
Weekly Sales Details | Total net sales of 10,500 MT for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. The destination was Jamaica. Total net sales of 100 MT for 2024/2025 were for Canada. |
Weekly Export Details | Exports of 9,200 MT were up noticeably from the previous week and up 15 percent from the prior 4-week average. The destinations were to Venezuela (5,000 MT), Jamaica (3,500 MT), Mexico (400 MT) and the Dominican Republic (300 MT). |
Comments and Performance Indicators | Export commitments are running 78.0% ahead of a year-ago, compared 72.3% ahead last week. USDA projects exports will increase 45.5% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2024-25: 93,000 |
Weekly Sales Details | Net sales of Upland totaling 93,000 RB for 2024/2025 primarily for Pakistan (24,900 RB, including decreases of 500 RB), India (18,300 RB), Bangladesh (16,800 RB, including decreases of 1,800 RB), Mexico (12,500 RB), and Vietnam (6,800 RB, including 300 RB switched from Thailand), were offset by reductions for Costa Rica (6,600 RB) and El Salvador (200 RB). Net sales of 4,900 RB for 2025/2026 were reported for Mexico (3,300 RB), El Salvador (1,200 RB), and Japan (400 RB). |
Weekly Export Details | Exports of 168,800 RB were primarily to Vietnam (35,700 RB), Pakistan (30,600 RB), China (19,200 RB), India (15,800 RB), and Turkey (11,900 RB). Net sales of Pima totaling 8,200 RB for 2024/2025 were primarily for India (3,300 RB), Peru (1,700 RB), Bangladesh (1,500 RB), Pakistan (900 RB), and Vietnam (300 RB). Exports of 5,100 RB were primarily to Pakistan (1,300 RB), Vietnam (1,100 RB), India (700 RB), Peru (500 RB), and Taiwan (400 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 16.6% behind a year ago. USDA forecasts total cotton exports will rise 2.2% from a year ago to 13.9 million bales in 2024-25. |
Beef | |
Actual Sales (in MT) | 2024: 15,900 |
Weekly Sales Details | Net sales of 15,900 MT for 2024 were down 44 percent from the previous week and 8 percent from the prior 4-week average. Increases were primarily for Japan (5,100 MT, including decreases of 200 MT), South Korea (4,300 MT, including decreases of 300 MT), China (2,200 MT, including decreases of 200 MT), Mexico (1,300 MT, including decreases of 100 MT), and Indonesia (1,000 MT). |
Weekly Export Details | Exports of 12,500 MT were down 11 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to South Korea (2,900 MT), Japan (2,800 MT), China (1,700 MT), Mexico (1,400 MT), and Taiwan (1,300 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 19,300 |
Weekly Sales Details | Net sales of 19,300 MT for 2024--a marketing-year low--were down 7 percent from the previous week and 34 percent from the prior 4-week average. Increases were primarily for Mexico (4,700 MT, including decreases of 100 MT), Canada (3,100 MT, including decreases of 600 MT), Japan (3,000 MT, including decreases of 700 MT), Colombia (2,100 MT, including decreases of 200 MT), and China (1,400 MT, including decreases of 100 MT). Net sales of 200 MT for 2025 were reported for Australia (100 MT) and Japan (100 MT). |
Weekly Export Details | Exports of 28,800 MT were unchanged from the previous week, but down 8 percent from the prior 4-week average. The destinations were primarily to Mexico (12,900 MT), Japan (3,900 MT), China (2,300 MT), Colombia (2,100 MT), and Canada (2,000 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |