| USDA Weekly Export Sales Report Week Ended March 13, 2025 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 1,496,700 |
| Expectations (in MT) | 2024-25: 800,000-1,700,000 |
| Weekly Sales Details | Net sales of 1,496,700 for 2024/2025 were up 55 percent from the previous week and 45 percent from the prior 4-week average. Increases primarily for Japan (487,700 MT, including 198,000 MT switched from unknown destinations and decreases of 60,400 MT), South Korea (397,200 MT, including 194,000 MT switched from unknown destination), Mexico (303,700 MT, including 1,100 MT switched from unknown destinations and decreases of 1,700 MT), Taiwan (122,800 MT), and Colombia (81,000 MT, including 46,900 MT switched from unknown destinations and decreases of 50,000 MT), were offset by reductions for unknown destinations (383,600 MT), Panama (47,000 MT), Costa Rica (7,500 MT), and Nigeria (1,100 MT). Net sales of 61,400 MT for 2025/2026 reported for Mexico (46,300 MT) and Japan (15,500 MT), were offset by reductions for China (400 MT). |
| Weekly Export Details | Exports of 1,686,800 MT were down 10 percent from the previous week, but up 12 percent from the prior 4-week average. The destinations were primarily to Mexico (417,900 MT), Japan (314,200 MT), Colombia (213,300 MT), South Korea (137,200 MT), and Taiwan (137,200 MT). |
| Comments and Performance Indicators | Export commitments are 24.8% ahead of a year-ago, compared to 24.7% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | 2024-25: (248,800) |
| Expectations (in MT) | 2024-25: 300,000-700,000 |
| Weekly Sales Details | Net sales reductions of 248,800 metric tons (MT) for 2024/2025--a marketing[1]year low--were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Vietnam (69,500 MT, including 65,000 MT switched from unknown destinations and decreases of 1,600 MT), Indonesia (62,000 MT), Nigeria (51,500 MT), Venezuela (27,300 MT, including 29,000 MT switched from unknown destinations and decreases of 2,100 MT), and Japan (25,200 MT), were more than offset by reductions primarily for Panama (272,900 MT), unknown destinations (123,800 MT), Egypt (35,000 MT), Mexico (34,300 MT), and the Philippines (28,000 MT). Net sales of 491,100 MT for 2025/2026 were primarily for Guatemala (167,000 MT), Mexico (97,500 MT), unknown destinations (83,600 MT), Panama (43,500 MT), and Egypt (35,000 MT). |
| Weekly Export Details | Exports of 470,900 MT were up noticeably from the previous week and up 55 percent from the prior 4-week average. The destinations were primarily to South Korea (113,700 MT, including 16,100 MT - late), Japan (85,900 MT), Vietnam (63,700 MT), Mexico (60,500 MT), and Chile (52,300 MT). |
| Comments and Performance Indicators | Export commitments are 13.3% ahead of year-ago, compared to 13.6% ahead last week. USDA projects exports in 2024-25 exports are projected at 850 million bu., up 18.1% from last year. |
| Soybeans | |
| Actual Sales (in MT) | 2024-25: 352,600 |
| Expectations (in MT) | 2024-25: 400,000-900,000 |
| Weekly Sales Details | Net sales of 352,600 MT for 2024/2025 were down 53 percent from the previous week and 29 percent from the prior 4-week average. Increases primarily for China (269,900 MT, including 266,100 MT switched from unknown destinations and decreases of 1,800 MT), Taiwan (60,000 MT), Saudi Arabia (20,000 MT), Malaysia (17,700 MT), and Indonesia (14,100 MT, including decreases of 100 MT), were offset by reductions for unknown destinations (62,900 MT) and Bangladesh (1,000 MT). Total net sales of 100 MT for 2025/2026 were for Japan. |
| Weekly Export Details | Exports of 592,100 MT were down 36 percent from the previous week and 31 percent from the prior 4-week average. The destinations were primarily to China (409,400 MT), Mexico (96,100 MT), Indonesia (29,200 MT), Malaysia (17,000 MT), and Vietnam (9,600 MT). |
| Comments and Performance Indicators | Export commitments are running 13.3% ahead of a year-ago, compared to 13.8% behind last week. USDA projects exports in 2024-25 at 1.825 billion bu., up 7.7% from the previous marketing year. |
| Soymeal | |
| Actual Sales (in MT) | 2024-25: 182,200 |
| Expectations | 2024-25: 140,000-450,000 |
| Weekly Sales Details | Net sales of 182,200 MT for 2024/2025 were down 1 percent from the previous week and 20 percent from the prior 4-week average. Increases primarily for the Philippines (97,500 MT, including 45,000 MT switched from unknown destinations and decreases of 300 MT), Vietnam (48,100 MT), Guatemala (20,500 MT, including 13,000 MT switched from Panama and decreases of 200 MT), Honduras (16,500 MT, including decreases of 8,600 MT), and Colombia (11,400 MT, including decreases of 5,200 MT), were offset by reductions for unknown destinations (21,700 MT), Panama (9,700 MT), Costa Rica (3,800 MT), Belgium (1,100 MT), and Cambodia (200 MT). |
| Weekly Export Details | Exports of 335,400 MT were up 18 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to the Philippines (150,600 MT), Romania (40,200 MT), Mexico (29,800 MT), Canada (25,900 MT), and Colombia (22,300 MT). |
| Comments and Performance Indicators | Export commitments are 11.1% ahead of a year-ago, compared to 12.0% ahead last week. USDA projects exports in 2023-24 will increase 8.0% from the previous marketing year in 2023-24. |
| Soyoil | |
| Actual Sales (in MT) | 2024-25: 34,200 |
| Expectations (in MT) | 2024-25: 15,000-50,000 |
| Weekly Sales Details | Net sales of 34,200 MT for 2024/2025 were down 50 percent from the previous week and 15 percent from the prior 4-week average. Increases primarily for unknown destinations (20,000 MT), Mexico (5,900 MT, including decreases of 1,500 MT), Venezuela (3,500 MT), the Dominican Republic (2,500 MT), and Guatemala (1,000 MT), were offset by reductions for Canada (900 MT). |
| Weekly Export Details | Exports of 39,300 MT were up 63 percent from the previous week and 40 percent from the prior 4-week average. The destinations were primarily to India (17,000 MT), South Korea (12,000 MT), Guatemala (5,100 MT), Mexico (2,600 MT), and El Salvador (1,500 MT). |
| Comments and Performance Indicators | Export commitments are well ahead of year-ago. USDA projects exports will nearly triple in 2023-24. |
| Cotton | |
| Actual Upland Sales (in RB) | 2024-25: 101,100 |
| Weekly Sales Details | Net sales of Upland totaling 101,100 RB for 2024/2025 were down 63 percent from the previous week and 59 percent from the prior 4-week average. Increases primarily for Vietnam (73,100 RB, including 35,600 RB switched from China, 600 RB switched from South Korea, 100 RB switched from Japan, and decreases of 10,300 RB), Pakistan (18,300 RB, including decreases of 700 RB), Turkey (18,000 RB, including decreases of 4,500 RB), Mexico (10,600 RB), and Indonesia (4,900 RB, including decreases of 400 RB), were offset by reductions for China (49,300 RB) and Japan (200 RB). Net sales of 57,900 RB for 2025/2026 were primarily for Guatemala (19,200 RB), Bangladesh (9,900 RB), Turkey (8,900 RB), Mexico (6,600 RB), and Honduras (5,900 RB). |
| Weekly Export Details | Exports of 351,000 RB were down 13 percent from the previous week, but up 8 percent from the prior 4-week average. The destinations were primarily to Vietnam (84,900 RB), Pakistan (80,500 RB), Turkey (50,000 RB), India (24,600 RB), and Indonesia (16,800 RB). Net sales of Pima totaling 26,500 RB for 2024/2025--a marketing-year high--were up noticeably from the previous week and up 93 percent from the prior 4-week average. Increases primarily for India (14,200 RB), Peru (4,800 RB), Pakistan (2,600 RB), Ethiopia (2,600 RB), and Vietnam (1,200 RB, including 100 RB switched from Japan), were offset by reductions for Hong Kong (900 RB) and Japan (100 RB). Exports of 16,700 RB--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to China (9,600 RB), India (3,200 RB), Vietnam (2,300 RB), Indonesia (400 RB), and Thailand (400 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 4.5% behind a year ago, compared to 4.6% behind last week. USDA forecasts total cotton exports will fall 6.4% from a year ago to 11.00 million bales in 2024-25. |
| Beef | |
| Actual Sales (in MT) | 2025: 10,200 |
| Weekly Sales Details | Net sales of 10,200 MT for 2025 were down 29 percent from the previous week and 40 percent from the prior 4-week average. Increases were primarily for South Korea (3,000 MT, including decreases of 400 MT), Japan (2,800 MT, including decreases of 200 MT), Taiwan (1,200 MT, including decreases of 100 MT), Mexico (1,200 MT, including decreases of 100 MT), and Hong Kong (600 MT, including decreases of 100 MT). |
| Weekly Export Details | Exports of 15,300 MT were down 4 percent from the previous week, but up 6 percent from the prior 4-week average. The destinations were primarily to South Korea (3,900 MT), Japan (3,800 MT), China (2,900 MT), Mexico (1,700 MT), and Taiwan (1,000 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 6.0% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2025: 18,100 |
| Weekly Sales Details | Net sales of 18,100 MT for 2025--a marketing-year low--were down 11 percent from the previous week and 40 percent from the prior 4-week average. Increases were primarily for Mexico (4,700 MT, including decreases of 300 MT), Japan (3,500 MT, including decreases of 200 MT), South Korea (2,300 MT, including decreases of 500 MT), Colombia (1,400 MT, including decreases of 100 MT), and Australia (1,100 MT). |
| Weekly Export Details | Exports of 32,900 MT were down 2 percent from the previous week, but up 1 percent from the prior 4-week average. The destinations were primarily to Mexico (11,000 MT), South Korea (6,200 MT), Japan (4,300 MT), China (3,400 MT), and Colombia (2,300 MT). |
| Comments and Performance Indicators | USDA projects exports in 2025 will rise 1.4% from last year. |
Seasonal decline in soybean sales continues; wheat sales notch marketing-year low
Net soybean sales during the week ended March 13 totaled 352,600 MT, down 53% from the previous week and 29% from the four-week average, missing analysts’ pre-report expectations. Wheat sales marked net reductions, while corn sales were as expected.
(Chip Flory)