USDA Weekly Export Sales Report Week Ended Sept. 26, 2024 | |
Corn | |
Actual Sales (in MT) | 2024-25: 1,684,100 |
Expectations (in MT) | 2024-25: 600,000-1,000,000 |
Weekly Sales Details | Net sales of 1,684,100 MT for 2024/2025 primarily for Mexico (540,800 MT, including 30,000 MT switched from unknown destinations and decreases of 300 MT), Colombia (339,100 MT, including 102,500 MT switched from unknown destinations and decreases of 70,200 MT), Japan (244,000 MT, including 102,400 MT switched from unknown destinations and decreases of 20,400 MT), Spain (141,500 MT, including 70,000 MT switched from unknown destinations), and Guatemala (121,200 MT, including 13,800 MT switched from Panama and decreases of 6,000 MT), were offset by reductions for unknown destinations (55,900 MT). |
Weekly Export Details | Exports of 1,170,400 MT were primarily to Mexico (392,900 MT), Colombia (331,900 MT), Japan (254,000 MT), Spain (71,500 MT), and Panama (44,800 MT). |
Comments and Performance Indicators | Export commitments are 14.2% ahead of a year-ago, compared to 17.3% ahead 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: 443,700 |
Expectations (in MT) | 2024-25: 150,000-400,000 |
Weekly Sales Details | Net sales of 443,700 metric tons (MT) for 2024/2025 were up noticeably from the previous week and up 46 percent from the prior 4-week average. Increases primarily for Japan (170,200 MT), Egypt (70,000 MT), Thailand (63,000 MT), Mexico (47,100 MT), and Indonesia (20,000 MT), were offset by reductions for Vietnam (3,200 MT). |
Weekly Export Details | Exports of 531,700 MT were down 25 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to the Philippines (240,100 MT), South Korea (123,700 MT), Chile (55,400 MT), Vietnam (31,900 MT), and Mexico (26,500 MT). |
Comments and Performance Indicators | Export commitments are 23.1% ahead of year-ago, compared to 21.9% 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: 1,443,500 |
Expectations (in MT) | 2024-25: 1,000,000-1,600,000 |
Weekly Sales Details | Net sales of 1,443,500 MT for 2024/2025 primarily for China (725,700 MT, including 50,000 MT switched from unknown destinations and decreases of 12,300 MT), Bangladesh (166,000 MT, including 55,000 MT switched from unknown destinations), the Netherlands (132,300 MT, including 122,300 MT switched from unknown destinations), unknown destinations (121,900 MT), and Germany (69,100 MT), were offset by reductions for Mexico (10,700 MT), Japan (8,900 MT), and Venezuela (1,400 MT). Total net sales of 1,000 MT for 2025/2026 were for Japan. |
Weekly Export Details | Exports of 724,600 MT were primarily to China (199,900 MT), the Netherlands (132,300 MT), Germany (69,100 MT), Egypt (63,700 MT), and Bangladesh (56,000 MT). |
Comments and Performance Indicators | Export commitments are running 2.7% ahead of a year-ago, compared to 0.4% 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: (40,700) |
Expectations | 2023-24: (50,000)-60,000 |
Actual Sales (in MT) | 2024-25: 228,600 |
Expectations | 2024-25: 140,000-350,000 |
Weekly Sales Details | Net sales reductions of 40,700 MT for 2023/2024 primarily for Colombia (7,100 MT, including 7,000 MT switched from unknown destinations and decreases of 2,100 MT), Mexico (6,700 MT, including decreases of 7,600 MT), Ecuador (6,700 MT, including 6,000 MT switched from Colombia), the Philippines (2,700 MT), and Sri Lanka (1,100 MT), were more than offset by reductions primarily for Panama (30,900 MT), Honduras (18,300 MT), unknown destinations (7,000 MT), Trinidad and Tobago (5,200 MT), and Canada (3,300 MT). Net sales of 228,600 MT for 2024/2025 primarily for Guatemala (72,200 MT), Panama (51,400 MT), Nicaragua (21,900 MT), Colombia (20,900 MT), and Jamaica (16,600 MT), were offset by reductions for Egypt (18,000 MT) and the Philippines (100 MT). |
Weekly Export Details | Exports of 230,200 MT were down 13 percent from the previous week, but up 13 percent from the prior 4-week average. The destinations were primarily to Colombia (79,300 MT), the Philippines (47,500 MT), Mexico (29,900 MT), Canada (27,200 MT), and Panama (22,500 MT). |
Comments and Performance Indicators | Export commitments are 7.2% ahead of a year-ago, compared to 7.7% 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: 500 |
Expectations (in MT) | 2023-24: 0-40,000 |
Actual Sales (in MT) | 2024-25: 0 |
Expectations (in MT) | 2024-25: 0-50,000 |
Weekly Sales Details | Net sales of 500 MT for 2023/2024 were down 49 percent from the previous week and 96 percent from the prior 4-week average. Increases reported for Canada (1,000 MT, including decreases of 400 MT), were offset by reductions for Mexico (500 MT). Net sales of 30,800 MT for 2025/2026 were reported for South Korea (20,000 MT), Colombia (9,800 MT), Mexico (500 MT), and Canada (500 MT). |
Weekly Export Details | Exports of 2,600 MT were down 58 percent from the previous week and 83 percent from the prior 4-week average. The destinations were primarily to Canada (2,300 MT) and Mexico (300 MT). |
Comments and Performance Indicators | Export commitments are running more than double from a year ago. USDA projects exports will jump 72.0% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2024-25: 95,800 |
Weekly Sales Details | Net sales of Upland totaling 95,800 RB for 2024/2025 were up 9 percent from the previous week, but down 26 percent from the prior 4-week average. Increases primarily for Vietnam (29,100 RB, including decreases of 6,900 RB), Pakistan (25,400 RB, including decreases of 600 RB), Peru (14,000 RB), Guatemala (11,300 RB, including decreases of 100 RB), and China (8,500 RB), were offset by reductions for Malaysia (17,600 RB) and Japan (100 RB). Total net sales of 39,600 RB for 2025/2026 were for Malaysia. |
Weekly Export Details | Exports of 107,100 RB were up 35 percent from the previous week, but down 13 percent from the prior 4-week average. The destinations were primarily to Pakistan (26,800 RB), Mexico (15,000 RB), Vietnam (11,300 RB), China (9,700 RB), and Honduras (8,200 RB). Net sales of Pima totaling 9,500 RB for 2024/2025 were down 13 percent from the previous week and 17 percent from the prior 4-week average. Increases primarily for India (6,200 RB, including decreases of 1,700 RB), Peru (1,000 RB), Djibouti (900 RB), Turkey (500 RB), and Thailand (400 RB), were offset by reductions for Japan (100 RB). Exports of 6,500 RB were down 8 percent from the previous week, but up 4 percent from the prior 4-week average. The destinations were primarily to India (4,500 RB), Bangladesh (800 RB), Pakistan (400 RB), Egypt (400 RB), and Japan (100 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 12.6% behind a year ago, compared to 10.5% 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: 22,500 |
Weekly Sales Details | Net sales of 22,500 MT for 2024 were up noticeably from the previous week and up 68 percent from the prior 4-week average. Increases were primarily for South Korea (7,900 MT, including decreases of 400 MT), China (6,200 MT, including decreases of 100 MT), Mexico (2,800 MT, including decreases of 100 MT), Japan (2,600 MT, including decreases of 500 MT), and Taiwan (1,000 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 17,700 MT--a marketing-year high--were up 42 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to South Korea (4,100 MT), Japan (4,000 MT), China (2,900 MT), Mexico (1,800 MT), and Taiwan (1,400 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 43,400 |
Weekly Sales Details | Net sales of 43,400 MT for 2024 were up 55 percent from the previous week and 61 percent from the prior 4-week average. Increases primarily for Mexico (24,000 MT, including decreases of 200 MT), China (7,900 MT, including decreases of 100 MT), Canada (2,900 MT, including decreases of 600 MT), South Korea (2,000 MT, including decreases of 500 MT), and Japan (1,500 MT, including decreases of 1,200 MT), were offset by reductions for Australia (300 MT). |
Weekly Export Details | Exports of 25,900 MT were down 7 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to Mexico (10,900 MT), Japan (3,800 MT), China (2,600 MT), South Korea (1,800 MT), and Canada (1,600 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |