USDA Weekly Export Sales Report Week Ended Oct. 3, 2024 | |
Corn | |
Actual Sales (in MT) | 2024-25: 1,222,100 |
Expectations (in MT) | 2024-25: 900,000-1,700,000 |
Weekly Sales Details | Net sales of 1,222,100 MT for 2024/2025 primarily for unknown destinations (371,200 MT), Mexico (329,700 MT, including 55,000 MT switched from unknown destinations and decreases of 2,100 MT), Colombia (248,900 MT, including 40,000 MT switched from unknown destinations and decreases of 5,000 MT), Japan (194,100 MT, including 139,600 MT switched from unknown destinations and decreases of 700 MT), and Spain (40,000 MT, including decreases of 70,000 MT), were offset by reductions for Honduras (34,000 MT), El Salvador (9,500 MT), and South Korea (8,000 MT). |
Weekly Export Details | Exports of 1,059,300 MT were primarily to Mexico (540,000 MT), Japan (250,300 MT), South Korea (130,100 MT), Colombia (41,700 MT), and Nicaragua (33,200 MT). |
Comments and Performance Indicators | Export commitments are 15.4% ahead of a year-ago, compared to 14.2% 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: 433,600 |
Expectations (in MT) | 2024-25: 250,000-550,000 |
Weekly Sales Details | Net sales of 433,600 metric tons (MT) for 2024/2025 were down 2 percent from the previous week, but up 31 percent from the prior 4-week average. Increases primarily for Mexico (101,400 MT, including decreases of 200 MT), the Philippines (60,000 MT), Thailand (53,800 MT), Chile (33,800 MT, including 32,000 MT switched from unknown destinations), and Brazil (33,000 MT, including 30,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (12,000 MT) and Barbados (700 MT). Total net sales of 5,500 MT for 2025/2026 were for Peru. |
Weekly Export Details | Exports of 359,700 MT were down 32 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to Japan (78,700 MT), Indonesia (75,500 MT), Mexico (68,300 MT), South Korea (67,500 MT), and Trinidad and Tobago (25,300 MT). |
Comments and Performance Indicators | Export commitments are 19.4% ahead of year-ago, compared to 23.1% 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: 1,264,300 |
Expectations (in MT) | 2024-25: 800,000-1,700,000 |
Weekly Sales Details | Net sales of 1,264,300 MT for 2024/2025 primarily for China (583,400 MT, including 222,000 MT switched from unknown destinations and decreases of 68,800 MT), the Netherlands (207,300 MT, including 186,000 MT switched from unknown destinations), Mexico (134,900 MT, including decreases of 1,900 MT), Vietnam (129,300 MT, including 116,700 MT switched from unknown destinations), and Japan (70,800 MT, including 60,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (304,700 MT). Net sales reductions of 8,400 MT for 2025/2026 were reported for Japan (8,300 MT) and Taiwan (100 MT). |
Weekly Export Details | Exports of 1,705,300 MT were primarily to China (704,200 MT), the Netherlands (207,300 MT), Vietnam (128,000 MT), Turkey (113,100 MT), and Mexico (110,600 MT). |
Comments and Performance Indicators | Export commitments are running 3.7% ahead of a year-ago, compared to 2.7% 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) | 2024-25: 165,700 |
Expectations | 2024-25: 100,000-400,000 |
Weekly Sales Details | Net sales of 165,700 MT for the 2024/2025 marketing year, which began October 1, primarily for Colombia (34,500 MT, including decreases of 1,800 MT), unknown destinations (34,400 MT), Mexico (34,000 MT), the Philippines (25,000 MT), and Honduras (23,800 MT, including 12,000 MT switched from Guatemala), were offset by reductions for Guatemala (12,300 MT), Costa Rica (3,000 MT), Vietnam (2,400 MT), the Dominican Republic (400 MT), and Japan (200 MT). Total net sales of 1,300 MT for 2025/2026 were for Canada. A total of 86,800 MT in sales were carried over from the 2023/2024 marketing year, which ended September 30. |
Weekly Export Details | Exports for the period ending September 30, of 284,200 MT brought accumulated exports to 13,361,200 MT, up 7 percent from the prior year’s total of 12,457,400 MT. The destinations were primarily to Mexico (87,900 MT), the Philippines (51,500 MT), Venezuela (39,300 MT), Guatemala (32,200 MT), and Morocco (19,700 MT). Exports for October 1 of 43,400 MT were primarily to Honduras (15,200 MT), Nicaragua (10,700 MT), Canada (7,900 MT), New Zealand (5,900 MT), and Mexico (3,000 MT). |
Comments and Performance Indicators | Export commitments are 7.4% ahead of a year-ago, compared to 7.2% 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) | 2024-25: 3,800 |
Expectations (in MT) | 2024-25: 0-20,000 |
Weekly Sales Details | Net sales of 3,800 MT for the 2024/2025 marketing year, which began October 1, resulting in increases for Venezuela (4,000 MT), were offset by reductions for Canada (200 MT). A total net sale of 300 MT was carried over from the 2023/2024 marketing year, which ended September 30. |
Weekly Export Details | Exports for the period ending September 30, of 2,500 MT brought accumulated exports to 261,600 MT, up noticeably from the prior year’s total of 116,000 MT. The destinations were to Canada (2,300 MT), Mexico (100 MT), and the Dominican Republic (100 MT). Exports for October 1 of 6,300 MT were to Venezuela (6,000 MT), Canada (200 MT), and Mexico (100 MT). |
Comments and Performance Indicators | Export commitments are well ahead of year-ago. USDA projects exports will jump 72.0% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2024-25: 89,600 |
Weekly Sales Details | Net sales of Upland totaling 89,600 RB for 2024/2025 were down 7 percent from the previous week and 12 percent from the prior 4-week average. Increases primarily for Vietnam (56,600 RB), Mexico (11,700 RB), Pakistan (10,100 RB), Turkey (9,200 RB), and Nicaragua (4,300 RB), were offset by reductions for China (8,000 RB), India (1,800 RB), and Japan (300 RB). Total net sales of 13,200 RB for 2025/2026 were for Turkey. |
Weekly Export Details | Exports of 95,100 RB were down 11 percent from the previous week and 13 percent from the prior 4- week average. The destinations were primarily to Pakistan (24,700 RB), Mexico (13,600 RB), Honduras (9,300 RB), Guatemala (7,100 RB), and Vietnam (6,800 RB). Net sales of Pima totaling 9,100 RB for 2024/2025 were down 4 percent from the previous week and 19 percent from the prior 4-week average. Increases primarily for India (4,100 RB, including decreases of 100 RB), China (3,100 RB), Colombia (1,200 RB), Turkey (500 RB), and Guatemala (200 RB), were offset by reductions for Japan (100 RB). Exports of 6,500 RB were unchanged from the previous week but up 2 percent from the prior 4-week average. The destinations were primarily to India (2,600 RB), China (2,200 RB), Pakistan (700 RB), Bahrain (400 RB), and Japan (300 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 11.7 % behind a year ago, compared to 12.6% 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: 13,700 |
Weekly Sales Details | Net sales of 13,700 MT for 2024 were down 39 percent from the previous week and 8 percent from the prior 4-week average. Increases were primarily for China (4,200 MT, including decreases of 100 MT), Japan (3,500 MT, including decreases of 600 MT), South Korea (1,500 MT, including decreases of 400 MT), Taiwan (1,200 MT, including decreases of 100 MT), and Mexico (1,100 MT, including decreases of 100 MT). Net sales of 300 MT for 2025 were for Canada (200 MT). |
Weekly Export Details | Exports of 16,000 MT were down 10 percent from the previous week, but up 10 percent from the prior 4-week average. The destinations were primarily to South Korea (4,300 MT), Japan (3,500 MT), China (2,900 MT), Mexico (1,400 MT), and Taiwan (800 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 50,600 |
Weekly Sales Details | Net sales of 50,600 MT for 2024 were up 17 percent from the previous week and 56 percent from the prior 4-week average. Increases primarily for Mexico (27,200 MT, including decreases of 300 MT), Japan (7,200 MT, including decreases of 300 MT), South Korea (3,900 MT, including decreases of 100 MT), Colombia (3,600 MT, including decreases of 200 MT), and the Dominican Republic (1,800 MT), were offset by reductions for Hong Kong (200 MT). Net sales of 100 MT for 2025 were for Australia. |
Weekly Export Details | Exports of 22,800 MT were down 12 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to Mexico (10,200 MT), Japan (4,200 MT), China (1,900 MT), Honduras (1,500 MT), and Canada (1,300 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |