USDA Weekly Export Sales Report Week Ended Aug. 8, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 120,500 |
Expectations (in MT) | 2023-24: 300,000-550,000 |
Actual Sales (in MT) | 2024-25: 800,500 |
Expectations (in MT) | 2024-25: 150,000-800,000 |
Weekly Sales Details | Net sales of 120,500 MT for 2023/2024--a marketing-year low--were down 75 percent from the previous week and 66 percent from the prior 4-week average. Increases primarily for Colombia (173,900 MT, including 147,000 MT switched from unknown destinations and decreases of 4,000 MT), Portugal (51,000 MT), Honduras (42,800 MT, including decreases of 4,900 MT), Mexico (28,300 MT, including 47,000 MT switched from unknown destinations and decreases of 61,600 MT), and Japan (8,500 MT, including 60,000 MT switched from unknown destinations and decreases of 62,800 MT), were offset by reductions for unknown destinations (163,500 MT) and El Salvador (29,500 MT). Net sales of 800,500 MT for 2024/2025 were primarily for unknown destinations (345,000 MT), Mexico (257,900 MT), Costa Rica (58,600 MT), Japan (50,800 MT), and El Salvador (22,500 MT). |
Weekly Export Details | Exports of 1,032,700 MT were down 21 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Mexico (447,600 MT), Colombia (244,900 MT), Japan (241,200 MT), Honduras (45,200 MT), and Costa Rica (44,800 MT). |
Comments and Performance Indicators | Export commitments are 37.6% ahead of a year-ago, compared to 38.2% 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: 399,900 |
Expectations (in MT) | 2023-24: 200,000-500,000 |
Weekly Sales Details | Net sales of 399,900 metric tons (MT) for 2024/2025 were up 24 percent from the previous week, but down 6 percent from the prior 4-week average. Increases primarily for Mexico (126,000 MT, including 12,600 MT switched from unknown destinations), Yemen (50,000 MT), Italy (40,400 MT, including 21,000 MT switched from unknown destinations), the Philippines (26,900 MT, including decreases of 45,000 MT), and Thailand (25,600 MT), were offset by reductions for unknown destinations (76,600 MT) and China (1,900 MT). Net sales reductions of 66,800 MT for 2025/2026 resulting in increases for South Korea (200 MT), were more than offset by reductions for the Philippines (45,000 MT) and Thailand (22,000 MT). |
Weekly Export Details | Exports of 502,100 MT were up 1 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to Brazil (101,000 MT), China (67,100 MT), Thailand (56,600 MT), Mexico (53,000 MT), and Italy (52,400 MT). |
Comments and Performance Indicators | Export commitments are 31.9% ahead of year-ago, compared to 33.3% ahead last week. USDA projects exports in 2024-25 exports are projected at 825 million bu. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 221,700 |
Expectations (in MT) | 2023-24: 100,000-500,000 |
Actual Sales (in MT) | 2024-25: 1,344,200 |
Expectations (in MT) | 2024-25: 400,000-1,000,000 |
Weekly Sales Details | Net sales of 221,700 MT for 2023/2024 were down 32 percent from the previous week and 1 percent from the prior 4-week average. Increases primarily for the Netherlands (84,900 MT, including 80,000 MT switched from unknown destinations), Germany (67,300 MT), Egypt (29,300 MT switched from unknown destinations), Colombia (21,000 MT), and unknown destinations (20,000 MT), were offset by reductions for China (38,000 MT), Mexico (23,100 MT), and Venezuela (7,000 MT). Net sales of 1,344,200 MT for 2024/2025 primarily for China (536,000 MT), unknown destinations (483,000 MT), Mexico (133,200 MT), Egypt (85,000 MT), and Spain (60,000 MT), were offset by reductions for South Korea (200 MT). |
Weekly Export Details | Exports of 430,700 MT were up 22 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to the Netherlands (84,900 MT), Mexico (74,700 MT), Germany (67,300 MT), China (56,500 MT), and Costa Rica (29,500 MT). |
Comments and Performance Indicators | Export commitments are running 13.4% behind a year-ago, compared to 13.8% 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: 113,700 |
Expectations | 2023-24: 50,000-250,000 |
Actual Sales (in MT) | 2024-25: 140,100 |
Expectations | 2024-25: 100,000-400,000 |
Weekly Sales Details | Net sales of 113,700 MT for 2023/2024 were up 11 percent from the previous week, but down 26 percent from the prior 4-week average. Increases primarily for the Philippines (46,900 MT - late), Honduras (15,000 MT), Vietnam (13,200 MT), Colombia (11,200 MT, including decreases of 800 MT), and Canada (10,200 MT), were offset by reductions for unknown destinations (5,000 MT), Ecuador (4,300 MT), Guatemala (4,200 MT), and Belgium (300 MT). Net sales of 140,100 MT for 2024/2025 were primarily for Colombia (99,000 MT), Canada (29,900 MT), Ecuador (6,000 MT), Mexico (1,800 MT), and Indonesia (1,500 MT). |
Weekly Export Details | Exports of 173,200 MT were down 39 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to the Philippines (48,500 MT, including 46,900 MT - late), Ecuador (31,700 MT), the Dominican Republic (27,800 MT), Mexico (26,500 MT), and Canada (22,500 MT). |
Comments and Performance Indicators | Export commitments are 9.4% ahead of a year-ago, compared to 9.6% 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: 700 |
Expectations | 2023-24: 0-15,000 |
Actual Sales (in MT) | 2024-25: 0 |
Expectations | 2024-25: (3,000)-10,000 |
Weekly Sales Details | Net sales of 700 MT for 2023/2024 were down 93 percent from the previous week and 86 percent from the prior 4-week average. Increases were reported for Mexico (600 MT) and Honduras (100 MT). |
Weekly Export Details | Exports of 2,300 MT were down 76 percent from the previous week and 75 percent from the prior 4-week average. The destinations were to Mexico (1,900 MT) and Canada (400 MT). |
Comments and Performance Indicators | Export commitments are running 72.3% ahead of a year-ago, compared 72.0% ahead last week. USDA projects exports will increase 45.5% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2024-25: 110,900 |
Weekly Sales Details | Net sales of Upland totaling 110,900 RB for 2024/2025 were primarily for Pakistan (47,200 RB, including decreases of 400 RB), India (13,000 RB), Vietnam (12,400 RB, including 200 RB switched from Japan), Indonesia (11,000 RB, including 500 RB switched from Vietnam and 300 RB switched from Japan), and China (7,200 RB). Total net sales of 400 RB for 2025/2026 were for Mexico. |
Weekly Export Details | Exports of 131,300 RB were primarily to Vietnam (35,400 RB), China (27,400 RB), Pakistan (23,600 RB), Turkey (10,700 RB), and Mexico (7,600 RB). Net sales of Pima totaling 22,400 RB for 2024/2025 primarily for India (10,100 RB), Vietnam (4,300 RB), China (3,600 RB), Peru (2,600 RB), and Thailand (700 RB), were offset by reductions for Italy (200 RB). Exports of 8,600 RB were primarily to India (7,000 RB), Pakistan (800 RB), Peru (300 RB), and Germany (300 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 17.8% 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: 28,100 |
Weekly Sales Details | Net sales of 28,100 MT for 2024--a marketing-year high--were up noticeably from the previous week and up 99 percent from the prior 4-week average. Increases were primarily for South Korea (11,400 MT, including decreases of 400 MT), Japan (6,300 MT, including decreases of 200 MT), China (4,400 MT, including decreases of 100 MT), Taiwan (2,200 MT, including decreases of 100 MT), and Mexico (1,600 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 14,100 MT were down 8 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to South Korea (3,600 MT), Japan (3,300 MT), China (1,600 MT), Mexico (1,600 MT), and Taiwan (1,400 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 20,900 |
Weekly Sales Details | Net sales of 20,900 MT for 2024--a marketing-year low--were down 40 percent from the previous week and 30 percent from the prior 4-week average. Increases were primarily for Japan (8,300 MT, including decreases of 100 MT), Mexico (3,300 MT, including decreases of 200 MT), South Korea (1,900 MT, including decreases of 700 MT), Canada (1,800 MT, including decreases of 600 MT), and Australia (1,700 MT, including decreases of 100 MT). Net sales of 400 MT for 2025 were primarily for Australia (200 MT). |
Weekly Export Details | Exports of 28,800 MT were down 13 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Mexico (12,500 MT), Japan (3,800 MT), China (3,100 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. |