USDA Weekly Export Sales Report Week Ended Aug. 29, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: (173,100) |
Expectations (in MT) | 2023-24: (100,000)-100,000 |
Actual Sales (in MT) | 2024-25: 1,822,500 |
Expectations (in MT) | 2024-25: 700,000-1,400,000 |
Weekly Sales Details | Net sales reductions of 173,100 MT for 2023/2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Mexico (46,500 MT, including 30,000 MT switched from unknown destinations and decreases of 44,900 MT), Japan (42,000 MT, including 52,100 MT switched from unknown destinations and decreases of 10,200 MT), Colombia (19,600 MT, including 9,000 MT switched from Venezuela and decreases of 22,400 MT), El Salvador (14,000 MT, including 15,000 MT switched from Nicaragua and decreases of 1,000 MT), and Saudi Arabia (5,300 MT), were more than offset by reductions primarily for unknown destinations (229,500 MT), Spain (48,400 MT), Nicaragua (15,000 MT), Venezuela (9,000 MT), and Canada (1,000 MT). Net sales of 1,822,500 MT for 2024/2025 primarily for Mexico (806,000 MT), unknown destinations (475,800 MT), Colombia (207,500 MT), Japan (163,000 MT), and Spain (55,000 MT), were offset by reductions for El Salvador (1,400 MT). |
Weekly Export Details | Exports of 1,061,200 MT were up 1 percent from the previous week, but down 7 percent from the prior 4-week average. The destinations were primarily to Mexico (506,500 MT), Japan (211,600 MT), Colombia (111,400 MT), Spain (72,600 MT), and Saudi Arabia (65,300 MT). |
Comments and Performance Indicators | Export commitments are 37.4% ahead of a year-ago, compared to 37.5% ahead last week. USDA projects exports in 2023-24 at 2.250 billion bu., 35.4% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2024-25: 340,000 |
Expectations (in MT) | 2024-25: 300,000-600,000 |
Weekly Sales Details | Net sales of 340,000 metric tons (MT) for 2024/2025 were down 36 percent from the previous week and 17 percent from the prior 4-week average. Increases were primarily for the Leeward and Windward Islands (58,500 MT, including decreases of 1,500 MT), Mexico (51,800 MT, including decreases of 900 MT and 33,000 MT - late), South Korea (35,000 MT), the Philippines (33,900 MT), and Ecuador (30,200 MT, including 20,000 MT switched from unknown destinations, 2,700 MT switched from Colombia, 1,000 MT switched from Honduras, and decreases of 200 MT). Total net sales reductions of 10,500 MT for 2025/2026 were for Mexico. |
Weekly Export Details | Exports of 638,100 MT--a marketing-year high--were up 11 percent from the previous week and 25 percent from the prior 4-week average. The destinations were primarily to the Philippines (139,900 MT), Mexico (120,500 MT, including 33,000 MT - late), Vietnam (66,000 MT), South Korea (53,000 MT), and Guatemala (37,800 MT). |
Comments and Performance Indicators | Export commitments are 30.7% ahead of year-ago, compared to 42.3% 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) | 2023-24: (228,000) |
Expectations (in MT) | 2023-24: (200,000)-200,000 |
Actual Sales (in MT) | 2024-25: 1,658,700 |
Expectations (in MT) | 2024-25: 800,000-2,000,000 |
Weekly Sales Details | Net sales reductions of 228,000 MT for 2023/2024--a marketing-year low-- were up 59 percent from the previous week, but down noticeably from the prior 4-week average. Increases primarily for Indonesia (57,800 MT, including 55,000 MT switched from unknown destinations and decreases of 6,800 MT), Colombia (6,300 MT, including 7,000 MT switched from unknown destinations and decreases of 700 MT), Vietnam (2,300 MT, including decreases of 2,000 MT), Egypt (1,800 MT), and Costa Rica (400 MT), were more than offset by reductions primarily for unknown destinations (173,400 MT), China (101,800 MT), Mexico (11,300 MT), Thailand (6,000 MT), and Japan (2,900 MT). Net sales of 1,658,700 MT for 2024/2025 primarily for China (1,002,400 MT), unknown destinations (474,200 MT), Algeria (45,000 MT), Mexico (38,500 MT), and Indonesia (37,200 MT), were offset by reductions for Honduras (7,500 MT). |
Weekly Export Details | Exports of 491,100 MT were down 9 percent from the previous week, but up 18 percent from the prior 4-week average. The destinations were primarily to China (199,500 MT), Mexico (100,800 MT), Indonesia (79,800 MT), Egypt (47,800 MT), and Costa Rica (15,900 MT). |
Comments and Performance Indicators | Export commitments are running 15.0% behind a year-ago, compared to 13.7% 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: 40,900 |
Expectations (in MT) | 2023-24: 0-100,000 |
Actual Sales (in MT) | 2024-25: 434,700 |
Expectations | 2024-25: 150,000-550,000 |
Weekly Sales Details | Net sales of 40,900 MT for 2023/2024 were up 93 percent from the previous week, but down 25 percent from the prior 4-week average. Increases primarily for Mexico (13,300 MT), Ecuador (8,700 MT, including 7,500 MT switched from Colombia), the Philippines (7,000 MT), Panama (5,900 MT), and Indonesia (5,100 MT), were offset by reductions for Colombia (5,700 MT) and Guatemala (1,300 MT). Net sales of 434,700 MT for 2024/2025 were primarily for Colombia (132,500 MT), unknown destinations (114,000 MT), Mexico (50,800 MT), Vietnam (47,300 MT), and the Philippines (45,000 MT). |
Weekly Export Details | Exports of 198,200 MT were up 47 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to the Philippines (71,800 MT), Colombia (40,300 MT), Mexico (31,000 MT), Ecuador (14,700 MT), and Panama (12,500 MT). |
Comments and Performance Indicators | Export commitments are 6.0% ahead of a year-ago, compared to 10.0% 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: 1,900 |
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 1,900 MT for 2023/2024 were up 79 percent from the previous week, but down 67 percent from the prior 4-week average. Increases were primarily for Mexico (1,400 MT). Total net sales of 3,300 MT for 2025/2026 were for Canada. |
Weekly Export Details | Exports of 2,300 MT were down 1 percent from the previous week and 61 percent from the prior 4-week average. The destinations were to Mexico (2,100 MT) and Canada (200 MT). |
Comments and Performance Indicators | Export commitments are running 79.4% ahead of a year-ago, compared 63.3% ahead last week. USDA projects exports will jump 72.0% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2024-25: 207,500 |
Weekly Sales Details | Net sales of Upland totaling 207,500 RB for 2024/2025 primarily for Pakistan (71,400 RB, including decreases of 2,700 RB), India (41,800 RB), Turkey (22,700 RB), Costa Rica (18,800 RB), and Vietnam (15,700 RB, including 14,800 RB switched from Macau), were offset by reductions for Macau (14,800 RB), Hong Kong (14,300 RB), Japan (2,400 RB), and Singapore (1,800 RB). Net sales of 8,400 RB for 2025/2026 were reported for Mexico (5,100 RB) and Costa Rica (3,300 RB). |
Weekly Export Details | Exports of 164,100 RB were primarily to China (36,300 RB), Pakistan (30,600 RB), Vietnam (25,800 RB), Thailand (10,100 RB), and Bangladesh (9,300 RB). Net sales of Pima totaling 10,100 RB for 2024/2025 primarily for India (11,300 RB), Egypt (1,300 RB), China (900 RB), Bangladesh (900 RB), and Guatemala (500 RB), were offset by reductions for Peru (5,900 RB). Exports of 6,000 RB were primarily to Vietnam (2,600 RB), India (1,400 RB), Italy (1,300 RB), Germany (200 RB), and Slovenia (200 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 12.5% behind a year ago, compared to 15.0% 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: 16,500 |
Weekly Sales Details | Net sales of 16,500 MT for 2024 were down 4 percent from the previous week and 7 percent from the prior 4-week average. Increases were primarily for Japan (7,700 MT, including decreases of 200 MT), Taiwan (2,100 MT), South Korea (1,600 MT, including decreases of 400 MT), Mexico (1,400 MT, including decreases of 100 MT), and China (800 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 14,900 MT were up 1 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Japan (3,600 MT), South Korea (3,200 MT), China (1,900 MT), Mexico (1,600 MT), and Taiwan (1,300 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 20,800 |
Weekly Sales Details | Net sales of 20,800 MT for 2024 were down 51 percent from the previous week and 29 percent from the prior 4-week average. Increases were primarily for Mexico (10,000 MT, including decreases of 300 MT), Colombia (1,900 MT, including decreases of 100 MT), Japan (1,600 MT, including decreases of 200 MT), Australia (1,500 MT), and South Korea (1,400 MT, including decreases of 400 MT). |
Weekly Export Details | Exports of 28,000 MT were down 5 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to Mexico (12,500 MT), Japan (4,300 MT), China (2,300 MT), South Korea (2,000 MT), and Colombia (1,700 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |