USDA Weekly Export Sales Report Week Ended Oct. 19, 2023 | |
Corn | |
Actual Sales (in MT) | 2023-24: 1,351,100 |
Expectations (in MT) | 2023-24: 600,000-1,200,000 |
Weekly Sales Details | Net sales of 1,351,100 MT for 2023/2024 were up 53 percent from the previous week and 22 percent from the prior 4-week average. Increases primarily for Mexico (762,400 MT, including 45,000 MT switched from unknown destinations and decreases of 1,800 MT), Colombia (241,900 MT, including decreases of 33,900 MT), Japan (149,400 MT, including 25,400 MT switched from unknown destinations), unknown destinations (97,100 MT), and Costa Rica (64,300 MT), were offset by reductions for Guatemala (6,200 MT) and Canada (2,700 MT). Total net sales of 16,000 MT for 2024/2025 were for Mexico. |
Weekly Export Details | Exports of 483,700 MT--a marketing-year low--were down 6 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to Mexico (349,800 MT), Colombia (61,500 MT), Japan (25,400 MT), Jamaica (21,000 MT), and Taiwan (8,900 MT). |
Comments and Performance Indicators | Export commitments are 24.4% ahead a year-ago, compared to 17.0% ahead last week. USDA projects exports in 2023-24 at 2.025 billion bu., 21.9% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2023-24: 363,700 |
Expectations (in MT) | 2023-24: 300,000-600,000 |
Weekly Sales Details | Net sales of 363,700 metric tons (MT) for 2023/2024 were down 43 percent from the previous week and 31 percent from the prior 4-week average. Increases primarily for Mexico (130,000 MT), Japan (69,500 MT), China (65,000 MT), Yemen (50,000 MT switched from unknown destinations), and the Philippines (30,000 MT), were offset by reductions for unknown destinations (50,000 MT), Canada (8,000 MT), South Korea (1,000 MT), and Saudi Arabia (300 MT). Total net sales of 17,200 MT for 2024/2025 were for Panama. |
Weekly Export Details | Exports of 131,600 MT--a marketing-year low--were down 66 percent from the previous week and 69 percent from the prior 4-week average. The destinations were primarily to Taiwan (54,700 MT), Mexico (30,700 MT), the Dominican Republic (26,700 MT), Honduras (14,500 MT), and Vietnam (2,100 MT). |
Comments and Performance Indicators | Export commitments are running 6.2% behind a year-ago, compared to 5.0% behind last week. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 1,378,200 |
Expectations (in MT) | 2023-24: 750,000-1,500,000 |
Weekly Sales Details | Net sales of 1,378,200 MT--a marketing-year high--for 2023/2024 were up 1 percent from the previous week and 43 percent from the prior 4-week average. Increases primarily for China (1,167,000 MT, including 776,000 MT switched from unknown destinations and decreases of 142,200 MT), Mexico (215,900 MT, including decreases of 900 MT), Bangladesh (172,800 MT, including 55,000 MT switched from unknown destinations and decreases of 2,900 MT), Taiwan (85,200 MT, including 55,000 MT switched from unknown destinations and decreases of 1,900 MT), and Italy (50,000 MT), were offset by reductions for unknown destinations (425,200 MT). |
Weekly Export Details | Exports of 2,384,700 MT--a marketing-year high--were up 20 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to China (1,999,100 MT), Mexico (117,500 MT), Bangladesh (112,700 MT), Taiwan (69,600 MT), and the Netherlands (23,400 MT). |
Comments and Performance Indicators | Export commitments are running 29.3% behind a year-ago, compared to 31.4% behind last week. USDA projects exports in 2023-24 at 1.755 billion bu., down 11.9% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2023-24: 507,500 |
Expectations | 2023-24: 250,000-500,000 |
Weekly Sales Details | Net sales of 507,500 MT for 2023/2024 primarily for the Philippines (208,700 MT), Guatemala (63,700 MT), Colombia (51,200 MT, including 6,000 MT switched from unknown destinations), unknown destinations (48,000 MT), and Mexico (40,300 MT), were offset by reductions for Belgium (1,600 MT), Indonesia (800 MT), and the Dominican Republic (500 MT). Total net sales of 100 MT for 2024/2025 were for Canada. |
Weekly Export Details | Exports of 238,200 MT were primarily to the Philippines (47,600 MT), Mexico (46,500 MT), Ireland (31,000 MT), Ecuador (29,800 MT), and Jamaica (16,200 MT). |
Comments and Performance Indicators | Export commitments are 43.5% ahead of a year-ago, compared to 38.1% ahead last week. USDA projects exports in 2022-23 will increase 5.2% from the previous marketing year in 2023-24. |
Soyoil | |
Actual Sales (in MT) | 2023-24: (100) |
Expectations | 2023-24: (5,000)-10,000 |
Weekly Sales Details | Exports of 238,200 MT were primarily to the Philippines (47,600 MT), Mexico (46,500 MT), Ireland (31,000 MT), Ecuador (29,800 MT), and Jamaica (16,200 MT). |
Weekly Export Details | Exports of 400 MT were to Canada. |
Comments and Performance Indicators | Export commitments are running 34.8% behind a year-ago, compared to 28.6% behind last week. USDA projects exports will decrease 5.4% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 186,100 |
Weekly Sales Details | Net sales of 186,100 RB for 2023/2024 were up noticeably from the previous week and up 82 percent from the prior 4-week average. Increases primarily for China (98,500 RB), Bangladesh (44,900 RB), Vietnam (22,900 RB, including 400 RB switched from Japan), South Korea (5,700 RB), and Taiwan (3,900 RB), were offset by reductions for Nicaragua (1,400 RB). |
Weekly Export Details | Exports of 98,000 RB--a marketing-year low--were down 11 percent from the previous week and 25 percent from the prior 4-week average. The destinations were primarily to Vietnam (27,900 RB), Mexico (22,500 RB), China (18,100 RB), Pakistan (9,300 RB), and El Salvador (4,600 RB). Net sales of Pima totaling 14,100 RB for 2023/2024 were up 96 percent from the previous week and 88 percent from the prior 4-week average. Increases were primarily for China (9,000 RB, including 200 RB switched from Germany), Vietnam (4,400 RB), India (800 RB), Honduras (400 RB switched from the United Arab Emirates), and Japan (100 RB), were offset by reductions for the United Arab Emirates (400 RB) and Germany (200 RB). Exports of 4,400 RB were up noticeably from the previous week and up 54 percent from the prior 4-week average. The destinations were to India (900 RB), China (800 RB), Thailand (700 RB), Egypt (500 RB), and Vietnam (400 RB). |
Comments and Performance Indicators | Export commitments are running 27.9% behind a year-ago, compared to 29.6% behind last week. USDA forecasts total cotton exports will fall 4.5% from a year ago to 14.35 million bales in 2023-24. |
Beef | |
Actual Sales (in MT) | 2023: 17,400 |
Weekly Sales Details | Net sales of 17,400 MT for 2023 were up noticeably from the previous week and up 72 percent from the prior 4-week average. Increases primarily for South Korea (9,300 MT, including decreases of 400 MT), China (3,200 MT, including decreases of 200 MT), Japan (2,200 MT, including decreases of 200 MT), Hong Kong (1,000 MT, including decreases of 100 MT), and Taiwan (600, including decreases of 100 MT), were offset by reductions for Indonesia (100 MT). Net sales of 3,900 MT for 2024 were primarily for South Korea (2,200 MT), Japan (1,400 MT), Hong Kong (200 MT), and Taiwan (100 MT). |
Weekly Export Details | Exports of 13,800 MT were up 1 percent from the previous week, but down 8 percent from the prior 4-week average. The destinations were primarily to South Korea (4,200 MT), Japan (3,200 MT), China (1,700 MT), Mexico (1,100 MT), and Taiwan (900 MT). |
Comments and Performance Indicators | USDA projects 2023 exports will fall 6.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2023: 28,200 |
Weekly Sales Details | Net sales of 28,200 MT for 2023 were down 8 percent from the previous week and from the prior 4-week average. Increases were primarily for Mexico (10,200 MT, including decreases of 200 MT), China (3,400 MT, including decreases of 100 MT), Canada (3,200 MT, including decreases of 600 MT), Japan (2,900 MT, including decreases of 400 MT), and South Korea (2,600 MT, including decreases of 700 MT). Net sales of 400 MT for 2024 were primarily for Australia (200 MT) and South Korea (100 MT). |
Weekly Export Details | Exports of 27,700 MT were up 7 percent from the previous week, but down 1 percent from the prior 4-week average. The destinations were primarily to Mexico (10,200 MT), Japan (3,500 MT), South Korea (3,000 MT), China (2,900 MT), and Colombia (2,200 MT). |
Comments and Performance Indicators | USDA projects exports in 2023 will rise 2.8% from last year. |