USDA Weekly Export Sales Report Week Ended June 20, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 542,200 |
Expectations (in MT) | 2023-24: 400,000-1,100,000 |
Weekly Sales Details | Net sales of 542,200 MT for 2023/2024 were up 6 percent from the previous week, but down 39 percent from the prior 4-week average. Increases primarily for Mexico (453,700 MT, including 63,000 MT switched from unknown destinations and decreases of 15,900 MT), Japan (137,800 MT, including 62,000 MT switched from unknown destinations, 11,000 MT switched from the Philippines, decreases of 4,600 MT, and 62,000 MT - late), Colombia (118,700 MT, including 50,000 MT switched from unknown destinations and decreases of 11,700 MT), Taiwan (79,800 MT, including 65,000 MT switched from China and decreases of 500 MT), and Malaysia (9,000 MT), were offset by reductions for unknown destinations (277,700 MT) and the Philippines (11,000 MT). Net sales of 139,300 MT for 2024/2025 were reported for Mexico (112,600 MT), Colombia (16,000 MT), and Honduras (10,700 MT). |
Weekly Export Details | Exports of 1,177,200 MT were down 21 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Mexico (442,000 MT), Japan (281,800 MT), Colombia (187,500 MT), South Korea (68,500 MT), and China (67,400 MT). |
Comments and Performance Indicators | Export commitments are 37.6% ahead of a year-ago, compared to 36.7% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2024-25: 667,200 |
Expectations (in MT) | 2024-25: 200,000-600,000 |
Weekly Sales Details | Net sales of 667,200 metric tons (MT) for 2024/2025 primarily for unknown destinations (148,000 MT), the Philippines (102,000 MT), Mexico (86,800 MT, including decreases of 16,000 MT), Japan (71,500 MT), and Thailand (55,900 MT), were offset by reductions for Trinidad and Tobago (1,000 MT). |
Weekly Export Details | Exports of 323,100 MT were primarily to Mexico (99,000 MT), Japan (73,100 MT), Brazil (65,500 MT), Chile (55,000 MT), and Honduras (11,600 MT). |
Comments and Performance Indicators | Export commitments are 44.5% ahead of year-ago. USDA projects exports in 2024-25 exports are projected at 800 million bu. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 282,900 |
Expectations (in MT) | 2023-24: 300,000-600,000 |
Weekly Sales Details | Net sales of 282,900 MT for 2023/2024 were down 49 percent from the previous week and 19 percent from the prior 4-week average. Increases were primarily for China (77,700 MT), the Netherlands (58,200 MT, including 62,000 MT switched from unknown destinations and decreases of 3,800 MT), Germany (56,600 MT), Mexico (20,700 MT, including decreases of 2,100 MT), and Malaysia (17,200 MT, including decreases of 5,600 MT). Net sales of 101,800 MT for 2024/2025 were reported for unknown destinations (86,000 MT), Malaysia (8,700 MT), Thailand (3,500 MT), Vietnam (1,800 MT), and Indonesia (1,800 MT). |
Weekly Export Details | Exports of 391,900 MT were up 15 percent from the previous week and 43 percent from the prior 4-week average. The destinations were primarily to Egypt (113,200 MT), Mexico (61,500 MT), the Netherlands (58,200 MT), Germany (56,600 MT), and Japan (34,100 MT). |
Comments and Performance Indicators | Export commitments are running 14.9% behind a year-ago, compared to 14.9% behind last week. USDA projects exports in 2023-24 at 1.700 billion bu., down 14.7% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2023-24: 219,300 |
Expectations | 2023-24: 150,000-250,000 |
Weekly Sales Details | Net sales of 219,300 MT for 2023/2024 were up 23 percent from the previous week and 5 percent from the prior 4-week average. Increases primarily for the Philippines (157,400 MT, including 65,000 MT switched from unknown destinations and decreases of 4,000 MT), Honduras (32,400 MT, including decreases of 300 MT), Costa Rica (24,000 MT), Ecuador (23,800 MT, including decreases of 200 MT), and Morocco (20,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (93,000 MT), Japan (2,100 MT), Belgium (1,200 MT), and Guatemala (1,100 MT). Net sales of 24,400 MT for 2024/2025 were reported for El Salvador (15,000 MT), Costa Rica (6,000 MT), Mexico (2,400 MT), and Canada (1,000 MT). |
Weekly Export Details | Exports of 237,800 MT were up 15 percent from the previous week, but down 2 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,300 MT), Honduras (31,900 MT), Ecuador (31,800 MT), Canada (23,400 MT), and Guatemala (22,600 MT). |
Comments and Performance Indicators | Export commitments are 11.0% ahead of a year-ago, compared to 10.1% ahead last week. USDA projects exports in 2023-24 will increase 7.7% from the previous marketing year in 2022-23. |
Soyoil | |
Actual Sales (in MT) | 2023-24: (10,600) |
Expectations | 2023-24: 0-16,000 |
Weekly Sales Details | Net sales reductions of 10,600 MT for 2023/2024--a marketing-year low-- were down noticeably from the previous week and from the prior 4-week average. Increases reported for Canada (800 MT), were more than offset by reductions for Mexico (11,400 MT). Net sales of 300 MT for 2024/2025 were reported for Venezuela (200 MT) and Honduras (100 MT). |
Weekly Export Details | Exports of 5,100 MT were up noticeably from the previous week and up 7 percent from the prior 4-week average. The destinations were to Mexico (3,700 MT) and Canada (1,400 MT). |
Comments and Performance Indicators | Export commitments are running 32.9% ahead of a year-ago, compared 42.3% ahead last week. USDA projects exports will decrease 7.6% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 90,600 |
Weekly Sales Details | Net sales of Upland totaling 90,600 RB for 2023/2024 were down 52 percent from the previous week and 50 percent from the prior 4-week average. Increases primarily for China (20,000 RB, including decreases of 1,300 RB), Pakistan (16,700 RB), Vietnam (13,600 RB, including decreases of 700 RB), India (12,700 RB), and Indonesia (9,800 RB), were offset by reductions for Turkey (800 RB). Net sales of 67,600 RB for 2024/2025 were primarily for China (35,600 RB), Guatemala (10,700 RB), Vietnam (7,900 RB), Indonesia (4,400 RB), and Peru (3,300 RB). |
Weekly Export Details | Exports of 141,000 RB were down 29 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to China (28,700 RB), Pakistan (22,400 RB), Turkey (19,200 RB), Vietnam (18,600 RB), and Mexico (12,000 RB). Net sales of Pima totaling 4,800 RB for 2023/2024 were down 40 percent from the previous week, but up 1 percent from the prior 4-week average. Increases primarily for India (3,200 RB) and Peru (1,700 RB), were offset by reductions for China (400 RB). Total net sales reductions of 400 RB for 2024/2025 were for Peru. Exports of 6,200 RB were up 7 percent from the previous week, but down 15 percent from the prior 4-week average. The destinations were primarily to Vietnam (3,900 RB), India (1,500 RB), Peru (300 RB), Turkey (300 RB), and Germany (100 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.9% behind a year ago, compared to 6.7% behind last week. USDA forecasts total cotton exports will fall 3.7% from a year ago to 12.30 million bales in 2023-24. |
Beef | |
Actual Sales (in MT) | 2024: 16,700 |
Weekly Sales Details | Net sales of 16,700 MT for 2024 were up 13 percent from the previous week and 17 percent from the prior 4-week average. Increases were primarily for Japan (4,000 MT, including decreases of 300 MT), China (4,000 MT, including decreases of 100 MT), South Korea (3,500 MT, including decreases of 300 MT), Canada (1,300 MT, including decreases of 100 MT), and Mexico (1,100 MT). |
Weekly Export Details | Exports of 16,400 MT were down 2 percent from the previous week, but up 1 percent from the prior 4-week average. The destinations were primarily to Japan (4,700 MT), South Korea (3,900 MT), China (1,900 MT), Canada (1,600 MT), and Taiwan (1,500 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 7.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 39,200 |
Weekly Sales Details | Net sales of 39,200 MT for 2024 were up 83 percent from the previous week and 25 percent from the prior 4-week average. Increases primarily for Mexico (20,200 MT, including decreases of 200 MT), Japan (5,900 MT, including decreases of 200 MT), Canada (4,200 MT, including decreases of 600 MT), South Korea (3,900 MT, including decreases of 100 MT), and Australia (3,100 MT, including decreases of 100 MT), were offset by reductions for the Dominican Republic (1,700 MT). |
Weekly Export Details | Exports of 28,300 MT were down 2 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to Mexico (11,300 MT), Japan (4,100 MT), South Korea (2,700 MT), China (2,600 MT), and Canada (2,000 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.5% from last year. |