USDA Weekly Export Sales Report Week Ended Sept. 12, 2024 | |
Corn | |
Actual Sales (in MT) | 2024-25: 847,400 |
Expectations (in MT) | 2024-25: 550,000-1,400,000 |
Weekly Sales Details | Net sales of 847,400 MT for 2024/2025 primarily for Mexico (280,800 MT, including decreases of 3,800 MT), unknown destinations (183,400 MT), Japan (121,800 MT, including decreases of 200 MT), Spain (71,500 MT switched from unknown destinations), and Colombia (67,000 MT), were offset by reductions for Honduras (7,500 MT), the Dominican Republic (4,200 MT), the Philippines (1,100 MT), and Barbados (600 MT). |
Weekly Export Details | Exports of 572,900 MT were primarily to Mexico (360,000 MT), Spain (71,500 MT), Japan (61,800 MT), Colombia (21,700 MT), and Taiwan (18,200 MT). |
Comments and Performance Indicators | Export commitments are 21.2% ahead of a year-ago, compared to 67% behind last week. USDA projects exports in 2024-25 at 2.300 billion bu., 2.2% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2024-25: 246,300 |
Expectations (in MT) | 2024-25: 300,000-650,000 |
Weekly Sales Details | Net sales of 246,300 metric tons (MT) for 2024/2025 were down 48 percent from the previous week and 46 percent from the prior 4-week average. Increases primarily for Mexico (59,600 MT, including decreases of 7,100 MT), the Philippines (57,600 MT, including 22,000 MT switched from unknown destinations and decreases of 31,600 MT), Thailand (51,900 MT, including decreases of 10,200 MT), Vietnam (33,000 MT switched from unknown destinations), and Haiti (31,300 MT), were offset by reductions for unknown destinations (29,500 MT), Nicaragua (6,000 MT), Ecuador (1,000 MT), and Italy (500 MT). Total net sales of 11,500 MT for 2025/2026 were for Peru. |
Weekly Export Details | Exports of 642,100 MT--a marketing-year high--were up 18 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to the Philippines (123,600 MT), Mexico (114,300 MT), Thailand (113,900 MT), Japan (61,600 MT), and Yemen (53,100 MT). |
Comments and Performance Indicators | Export commitments are 27.7% ahead of year-ago, compared to 36.7% ahead last week. USDA projects exports in 2024-25 exports are projected at 825 million bu., up 16.7% from last year. |
Soybeans | |
Actual Sales (in MT) | 2024-25: 1,748,100 |
Expectations (in MT) | 2024-25: 500,000-1,600,000 |
Weekly Sales Details | Net sales of 1,748,100 MT for 2024/2025 primarily for China (973,900 MT, including decreases of 100 MT), Mexico (166,700 MT, including decreases of 1,100 MT), Spain (121,000 MT), unknown destinations (101,900 MT), and Vietnam (97,700 MT), were offset by reductions for Argentina (88,400 MT), Algeria (2,800 MT), Malaysia (1,400 MT), and Singapore (200 MT). Net sales of 8,400 MT for 2025/2026 were reported for Japan (8,300 MT) and Taiwan (100 MT). |
Weekly Export Details | Exports of 446,200 MT were primarily to Mexico (87,400 MT), China (75,700 MT), Indonesia (73,200 MT), the Netherlands (68,400 MT), and Algeria (43,200 MT). |
Comments and Performance Indicators | Export commitments are running 6.1% behind a year-ago, compared to 73% behind last week. USDA projects exports in 2024-25 at 1.850 billion bu., up 8.8% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2023-24: (2,900) |
Expectations | 2023-24: (50,000)-200,000 |
Actual Sales (in MT) | 2024-25: 283,000 |
Expectations | 2024-25: 100,000-450,000 |
Weekly Sales Details | Net sales reductions of 2,900 MT for 2023/2024 were down 2 percent from the previous week and down noticeably from the prior 4-week average. Increases primarily for Canada (49,700 MT, including 26,500 MT - late), Nicaragua (12,200 MT, including 6,000 MT switched from Honduras, 6,000 MT switched from Costa Rica, and decreases of 400 MT), the United Kingdom (10,700 MT, including 8,000 MT switched from unknown destinations), Jamaica (10,500 MT), and Vietnam (10,000 MT), were more than offset by reductions primarily for Mexico (80,600 MT), Japan (16,000 MT), Honduras (6,000 MT), Costa Rica (6,000 MT), and unknown destinations (1,000 MT). Net sales of 283,000 MT for 2024/2025 primarily for the Philippines (90,000 MT), Colombia (64,000 MT), Mexico (47,600 MT), Panama (27,000 MT), and Costa Rica (24,000 MT), were offset by reductions for unknown destinations (7,000 MT), Canada (4,500 MT), and the United Kingdom (2,000 MT). |
Weekly Export Details | Exports of 156,200 MT were down 19 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Canada (46,500 MT, including 26,500 MT - late), Guatemala (31,200 MT), Mexico (23,000 MT), Nicaragua (19,900 MT), and the United Kingdom (10,700 MT). |
Comments and Performance Indicators | Export commitments are 7.6% ahead of a year-ago, compared to 6.0% ahead last week. USDA projects exports in 2023-24 will increase 10.0% from the previous marketing year in 2023-24. |
Soyoil | |
Actual Sales (in MT) | 2023-24: 46,700 |
Expectations (in MT) | 2023-24: 0-10,000 |
Actual Sales (in MT) | 2024-25: 0 |
Expectations (in MT) | 2024-25: 0-10,000 |
Weekly Sales Details | Net sales of 46,700 MT for 2023/2024--a marketing-year high--were primarily for Mexico (24,400 MT - late), Canada (13,100 MT, including 12,600 MT - late), Kuwait (2,300 MT - late), Saudi Arabia (2,200 MT - late), and the United Arab Emirates (1,500 MT - late). Net sales of 300 MT for 2025/2026 reported for Canada (200 MT) and Honduras (100 MT), were offset by reductions for Taiwan (100 MT). |
Weekly Export Details | Exports of 47,900 MT--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to Mexico (25,900 MT, including 24,400 MT - late), Canada (12,800 MT, including 12,600 MT - late), Kuwait (2,300 MT - late), Saudi Arabia (2,200 MT - late), and the United Arab Emirates (1,500 MT - late). |
Comments and Performance Indicators | Export commitments are running 20.2% ahead of a year-ago, compared 79.0% ahead last week. USDA projects exports will jump 72.0% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2024-25: 106,800 |
Weekly Sales Details | Net sales of Upland totaling 106,800 RB for 2024/2025 were down 8 percent from the previous week and 23 percent from the prior 4-week average. Increases primarily for Vietnam (51,600 RB), Pakistan (24,500 RB), India (13,400 RB), Turkey (4,300 RB), and Malaysia (4,100 RB), were offset by reductions for El Salvador (900 RB) and Bangladesh (300 RB). Total net sales of 10,600 RB for 2025/2026 were for Mexico. Exports of 130,000 RB were up 9 percent from the previous week, but down 13 percent from the prior 4-week average. The destinations were primarily to Pakistan (40,200 RB), Vietnam (17,600 RB), China (14,700 RB), Mexico (12,200 RB), and India (10,400 RB). Net sales of Pima totaling 14,000 RB for 2024/2025 were up 32 percent from the previous week and 11 percent from the prior 4-week average. Increases were primarily for India (12,300 RB), Vietnam (900 RB), South Korea (300 RB), Bangladesh (300 RB), and Guatemala (200 RB). |
Weekly Export Details | Exports of 4,500 RB were down 40 percent from the previous week and from the prior 4-week average. The destinations were to India (1,700 RB), Vietnam (1,600 RB), China (900 RB), and Indonesia (300 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 11.2% behind a year ago, compared to 10.0% behind last week. USDA forecasts total cotton exports will rise 2.1% from a year ago to 12.00 million bales in 2024-25. |
Beef | |
Actual Sales (in MT) | 2024: 15,500 |
Weekly Sales Details | Net sales of 15,500 MT for 2024 were up 36 percent from the previous week and 2 percent from the prior 4-week average. Increases were primarily for South Korea (3,700 MT, including decreases of 400 MT), China (3,000 MT, including decreases of 100 MT), Japan (2,900 MT, including decreases of 500 MT), Canada (1,500 MT), and Mexico (1,400 MT, including decreases of 100 MT). Total net sales of 800 MT for 2025 were for Japan. |
Weekly Export Details | Exports of 16,400 MT were up 39 percent from the previous week and 22 percent from the prior 4-week average. The destinations were primarily to South Korea (4,400 MT), Japan (3,800 MT), China (2,700 MT), Mexico (1,500 MT), and Taiwan (900 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 29,000 |
Weekly Sales Details | Net sales of 29,000 MT for 2024 were down 3 percent from the previous week, but up 3 percent from the prior 4-week average. Increases were primarily for Japan (7,900 MT, including decreases of 300 MT), Mexico (5,700 MT, including decreases of 500 MT), Colombia (3,300 MT, including decreases of 100 MT), Canada (3,200 MT, including decreases of 600 MT), and South Korea (1,900 MT, including decreases of 1,100 MT). Net sales of 100 MT for 2025 resulting in increases for Australia (200 MT), were offset by reductions for the Dominican Republic (100 MT). |
Weekly Export Details | Exports of 31,400 MT were up 22 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to Mexico (12,600 MT), Japan (4,600 MT), China (3,800 MT), South Korea (2,400 MT), and Colombia (2,000 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |