| USDA Weekly Export Sales Report Week Ended Feb. 13, 2024 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 1,453,800 |
| Expectations (in MT) | 2024-25: 900,000-1,600,000 |
| Weekly Sales Details | Net sales of 1,453,800 MT for 2024/2025 were down 12 percent from the previous week and 5 percent from the prior 4-week average. Increases primarily for Mexico (546,800 MT, including 55,000 MT switched from unknown destinations and decreases of 31,000 MT), Japan (457,400 MT, including 195,800 MT switched from unknown destinations and decreases of 1,400 MT), Spain (185,500 MT, including 125,000 MT switched from unknown destinations and decreases of 6,000 MT), Colombia (164,600 MT, including decreases of 3,800 MT), and Vietnam (134,500 MT, including 131,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (433,200 MT), El Salvador (15,900 MT), Morocco (300 MT), and Honduras (200 MT). |
| Weekly Export Details | Exports of 1,606,200 MT--a marketing-year high--were up 19 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Mexico (497,700 MT), Japan (254,400 MT), South Korea (206,000 MT), Spain (195,500 MT), and Vietnam (134,500 MT). |
| Comments and Performance Indicators | Export commitments are 29.3% ahead of a year-ago, compared to 28.2% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | 2024-25: 532,700 |
| Expectations (in MT) | 2024-25: 300,000-600,000 |
| Weekly Sales Details | Net sales of 532,700 metric tons (MT) for 2024/2025 were down 7 percent from the previous week, but up 31 percent from the prior 4-week average. Increases primarily for Mexico (147,300 MT, including decreases of 27,800 MT), Japan (69,900 MT), Chile (53,500 MT switched from unknown destinations), Vietnam (53,000 MT), and the Dominican Republic (46,800 MT), were offset by reductions for Jamaica (12,500 MT), El Salvador (5,000 MT), Venezuela (2,300 MT), and Costa Rica (100 MT). Net sales of 98,500 MT for 2025/2026 reported for unknown destinations (50,000 MT), the Philippines (26,000 MT), Peru (15,800 MT), and Mexico (8,500 MT), were offset by reductions for Colombia (1,800 MT). |
| Weekly Export Details | Exports of 232,700 MT were down 60 percent from the previous week and 43 percent from the prior 4-week average. The destinations were primarily to South Korea (68,700 MT), Mexico (64,800 MT), Panama (27,500 MT), Japan (26,700 MT), and Taiwan (24,700 MT). |
| Comments and Performance Indicators | Export commitments are 10.5% ahead of year-ago, compared to 8.9% ahead last week. USDA projects exports in 2024-25 exports are projected at 850 million bu., up 20.2% from last year. |
| Soybeans | |
| Actual Sales (in MT) | 2024-25: 480,300 |
| Expectations (in MT) | 2024-25: 100,000-500,000 |
| Weekly Sales Details | Net sales of 480,300 MT for 2024/2025 were up noticeably from the previous week, but down 23 percent from the prior 4-week average. Increases were primarily for China (101,200 MT, including 66,000 MT switched from unknown destinations and decreases of 800 MT), Egypt (75,700 MT, including 11,700 MT switched from unknown destinations), Mexico (73,800 MT, including decreases of 18,200 MT), the Netherlands (55,900 MT, including 60,000 MT switched from unknown destinations and decreases of 4,100 MT), and unknown destinations (47,100 MT). Net sales of 19,300 MT for 2025/2026 were reported for Mexico (10,300 MT) and Japan (9,000 MT). |
| Weekly Export Details | Exports of 741,000 MT were down 33 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to China (221,400 MT), Mexico (128,000 MT, including 9,500 MT - late), Egypt (124,000 MT), Pakistan (68,500 MT), and the Netherlands (55,900 MT). |
| Comments and Performance Indicators | Export commitments are running 12.4% ahead of a year-ago, compared to 12.1% behind last week. USDA projects exports in 2024-25 at 1.825 billion bu., up 7.7% from the previous marketing year. |
| Soymeal | |
| Actual Sales (in MT) | 2024-25: 316,900 |
| Expectations | 2024-25: 200,000-550,000 |
| Weekly Sales Details | Net sales of 316,900 MT for 2024/2025 were down 6 percent from the previous week and 15 percent from the prior 4-week average. Increases primarily for Vietnam (177,600 MT, including 47,000 MT switched from unknown destinations), Japan (32,300 MT), Mexico (29,000 MT, including decreases of 1,800 MT), Colombia (24,400 MT, including decreases of 5,200 MT), and Morocco (20,000 MT), were offset by reductions for unknown destinations (43,400 MT), Costa Rica (6,000 MT), Belgium (4,400 MT), and El Salvador (200 MT). |
| Weekly Export Details | Exports of 235,400 MT were down 12 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to the Philippines (47,800 MT), Colombia (41,700 MT), Ecuador (33,000 MT), Mexico (29,400 MT), and Venezuela (26,300 MT). |
| Comments and Performance Indicators | Export commitments are 15.6% ahead of a year-ago, compared to 14.7% ahead last week. USDA projects exports in 2023-24 will increase 8.0% from the previous marketing year in 2023-24. |
| Soyoil | |
| Actual Sales (in MT) | 2024-25: 19,400 |
| Expectations (in MT) | 2024-25: (5,000)-15,000 |
| Weekly Sales Details | Net sales of 19,400 MT for 2024/2025 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Increases primarily for Colombia (12,200 MT), Mexico (7,100 MT), Guatemala (2,000 MT), Venezuela (1,400 MT, including 2,500 MT switched from the Dominican Republic and decreases of 1,100 MT), and Honduras (1,200 MT), were offset by reductions for the Dominican Republic (4,500 MT) and Canada (100 MT). |
| Weekly Export Details | Exports of 40,000 MT were up 4 percent from the previous week, but down 17 percent from the prior 4-week average. The destinations were primarily to Morocco (18,000 MT), Colombia (7,000 MT), Guatemala (5,000 MT), Jamaica (3,500 MT), and Honduras (3,100 MT). |
| Comments and Performance Indicators | Export commitments are well ahead of year-ago. USDA projects exports will jump 78.3% in 2023-24. |
| Cotton | |
| Actual Upland Sales (in RB) | 2024-25: 312,500 |
| Weekly Sales Details | Net sales of Upland totaling 312,500 RB for 2024/2025 were up 28 percent from the previous week and 18 percent from the prior 4-week average. Increases primarily for Vietnam (109,400 RB, including 1,100 RB switched from South Korea and decreases of 200 RB), Pakistan (64,800 RB, including 400 RB switched from Vietnam), Turkey (51,000 RB), China (41,400 RB, including decreases of 2,400 RB), and South Korea (9,800 RB, including decreases of 100 RB), were offset by reductions for Japan (900 RB). Net sales of 34,300 RB for 2025/2026 were reported for Bangladesh (33,000 RB) and Vietnam (1,300 RB). |
| Weekly Export Details | Exports of 298,300 RB--a marketing-year high--were up 14 percent from the previous week and 39 percent from the prior 4-week average. The destinations were primarily to Vietnam (85,100 RB), Pakistan (49,700 RB), Turkey (49,400 RB), China (16,400 RB), and India (15,100 RB). Net sales of Pima totaling 17,300 RB for 2024/2025 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for India (6,700 RB), Vietnam (4,600 RB), China (4,400 RB), Peru (900 RB), and Guatemala (400 RB). Total net sales of 1,000 RB for 2025/2026 were for Italy. Exports of 6,500 RB were up noticeably from the previous week, but down 7 percent from the prior 4-week average. The destinations were primarily to Vietnam (2,800 RB), Egypt (1,000 RB), India (800 RB), Thailand (700 RB), and Peru (700 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 9.5% behind a year ago, compared to 11.4% behind last week. USDA forecasts total cotton exports will fall 6.4% from a year ago to 11.00 million bales in 2024-25. |
| Beef | |
| Actual Sales (in MT) | 2025: 21,500 |
| Weekly Sales Details | Net sales of 21,500 MT for 2025 were up 64 percent from the previous week and 35 percent from the prior 4-week average. Increases were primarily for Japan (9,800 MT, including decreases of 300 MT), South Korea (3,400 MT, including decreases of 400 MT), China (2,700 MT, including decreases of 100 MT), Taiwan (1,500 MT, including decreases of 200 MT), and Mexico (1,500 MT). |
| Weekly Export Details | Exports of 14,200 MT were down 5 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to Japan (4,100 MT), South Korea (3,800 MT), China (2,100 MT), Mexico (1,300 MT), and Canada (800 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 6.9% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2025: 25,600 |
| Weekly Sales Details | Net sales of 25,600 MT for 2025 were up 3 percent from the previous week, but down 27 percent from the prior 4-week average. Increases were primarily for Mexico (5,700 MT, including decreases of 300 MT), Japan (4,100 MT, including decreases of 200 MT), Colombia (3,800 MT, including decreases of 100 MT), South Korea (3,500 MT, including decreases of 300 MT), and Canada (2,600 MT, including decreases of 600 MT). Net sales reductions of 12,400 MT for 2026 were primarily for Canada (5,700 MT), Mexico (4,000 MT), China (1,200 MT), South Korea (400 MT), and Colombia (300 MT). |
| Weekly Export Details | Exports of 30,000 MT were down 4 percent from the previous week, but up 1 percent from the prior 4-week average. The destinations were primarily to Mexico (12,200 MT), South Korea (4,000 MT), Japan (4,000 MT), China (2,700 MT), and Colombia (1,500 MT). |
| Comments and Performance Indicators | USDA projects exports in 2025 will rise 2.5% from last year. |
Weekly corn exports score marketing-year high
While net corn sales slid modestly during the week ended Feb. 13, weekly exports totaled 1.61 MMT. Mexico, Japan and South Korea were top destinations.
(Chip Flory)