USDA Weekly Export Sales Report Week Ended Oct. 31, 2024 | |
Corn | |
Actual Sales (in MT) | 2024-25: 2,766,500 |
Expectations (in MT) | 2024-25: 1,700,000-2,500,000 |
Weekly Sales Details | Net sales of 2,766,500 MT for 2024/2025 were up 18 percent from the previous week and from the prior 4-week average. Increases primarily for Mexico (1,395,300 MT, including 30,000 MT switched from unknown destinations and decreases of 3,200 MT), unknown destinations (673,500 MT), Japan (296,200 MT, including 50,500 MT switched from unknown destinations and decreases of 800 MT), Colombia (155,200 MT, including 24,000 MT switched from unknown destinations and decreases of 38,500 MT), and Portugal (87,900 MT, including 21,500 MT switched from unknown destinations), were offset by reductions for Ireland (20,000 MT) and Nicaragua (4,500 MT). Total net sales of 65,500 MT for 2025/2026 were for Mexico. |
Weekly Export Details | Exports of 917,600 MT were up 17 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Mexico (570,700 MT), Japan (133,000 MT), Colombia (72,000 MT), Guatemala (43,300 MT), and Portugal (22,900 MT). |
Comments and Performance Indicators | Export commitments are 48.2% ahead of a year-ago, compared to 41.3% ahead last week. USDA projects exports in 2024-25 at 2.325 billion bu., 1.4% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2024-25: 374,700 |
Expectations (in MT) | 2024-25: 250,000-550,000 |
Weekly Sales Details | Net sales of 374,700 metric tons (MT) for 2024/2025 were down 9 percent from the previous week and 20 percent from the prior 4-week average. Increases primarily for Mexico (105,800 MT, including decreases of 8,500 MT), unknown destinations (73,000 MT), Thailand (55,000 MT), the Philippines (53,000 MT), and Italy (20,000 MT), were offset by reductions for Costa Rica (1,100 MT), El Salvador (600 MT), and Belgium (200 MT). |
Weekly Export Details | Exports of 236,900 MT--a marketing-year low--were down 3 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to Mexico (74,000 MT), the Philippines (55,000 MT), South Korea (33,000 MT), Peru (15,200 MT), and Costa Rica (12,000 MT). |
Comments and Performance Indicators | Export commitments are 18.4% ahead of year-ago, compared to 18.8% 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: 2,037,200 |
Expectations (in MT) | 2024-25: 1,200,000-2,200,000 |
Weekly Sales Details | Net sales of 2,037,200 MT for 2024/2025 were down 10 percent from the previous week, but up 10 percent from the prior 4-week average. Increases primarily for China (1,222,700 MT, including 499,000 MT switched from unknown destinations and decreases of 10,400 MT), unknown destinations (152,100 MT), Egypt (120,500 MT, including 55,000 MT switched from unknown destinations), Turkey (109,600 MT, including 66,000 MT switched from unknown destinations), and Japan (103,600 MT, including 50,000 MT switched from unknown destinations and decreases of 2,000 MT), were offset by reductions for Venezuela (200 MT). |
Weekly Export Details | Exports of 2,424,200 MT were down 1 percent from the previous week, but up 15 percent from the prior 4-week average. The destinations were primarily to China (1,650,500 MT), Mexico (123,100 MT), Spain (116,900 MT), Turkey (72,600 MT), and Japan (71,500 MT). Export for Own Account: For 2024/2025, the current exports for own account outstanding balance of 3,900 MT are for Taiwan (1,500 MT), Canada (1,400 MT), Bangladesh (500 MT), and Malaysia (500 MT). |
Comments and Performance Indicators | Export commitments are running 16.8% ahead of a year-ago, compared to 13.4% 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) | 2024-25: 398,600 |
Expectations | 2024-25: 150,000-500,000 |
Weekly Sales Details | Net sales of 398,600 MT for 2024/2025 primarily for Mexico (118,900 MT, including decreases of 100 MT), Vietnam (96,400 MT, including 90,000 MT switched from unknown destinations), Venezuela (50,500 MT, including 24,000 MT switched from Colombia), Austria (30,000 MT switched from unknown destinations), and unknown destinations (20,500 MT), were offset by reductions for Guatemala (3,900 MT), the Dominican Republic (2,100 MT), and Oman (300 MT). |
Weekly Export Details | Exports of 363,400 MT were primarily to Vietnam (55,000 MT), the Philippines (47,200 MT), Mexico (45,200 MT), Colombia (26,500 MT), and Venezuela (25,500 MT). |
Comments and Performance Indicators | Export commitments are 2.4% ahead of a year-ago, compared to 1.2% 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: 114,300 |
Expectations (in MT) | 2024-25: 0-50,000 |
Weekly Sales Details | Net sales of 114,300 MT for 2024/2025 were primarily for India (30,000 MT), Colombia (16,700 MT), the Dominican Republic (14,800 MT, including decreases of 900 MT), Algeria (12,000 MT), and Egypt (7,000 MT). |
Weekly Export Details | Exports of 2,500 MT were primarily to Canada (1,200 MT), Mexico (900 MT), and the Dominican Republic (300 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: 229,000 |
Weekly Sales Details | Net sales of Upland totaling 229,000 RB for 2024/2025 were up 21 percent from the previous week and 51 percent from the prior 4-week average. Increases primarily for Pakistan (72,200 RB), Vietnam (71,800 RB, including 100 RB switched from Malaysia), China (37,500 RB, including decreases of 900 RB), Indonesia (9,100 RB), and Honduras (8,900 RB), were offset by reductions for South Korea (1,800 RB) and Malaysia (100 RB). |
Weekly Export Details | Exports of 145,800 RB were up 9 percent from the previous week and 51 percent from the prior 4-week average. The destinations were primarily to Pakistan (50,400 RB), Vietnam (21,100 RB), Turkey (18,500 RB), India (12,000 RB), and Mexico (9,300 RB). Net sales of Pima totaling 12,300 RB for 2024/2025 were up 6 percent from the previous week and 77 percent from the prior 4-week average. Increases were reported for Pakistan (8,800 RB), India (2,500 RB, including decreases of 4,100 RB), Peru (800 RB), Indonesia (100 RB), and Japan (100 RB). Exports of 7,500 RB were down 19 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to India (5,100 RB), Djibouti (900 RB), South Korea (500 RB), Guatemala (300 RB), and Turkey (200 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 15.0% behind a year ago, compared to 13.4% behind last week. USDA forecasts total cotton exports will fall 2.0% from a year ago to 11.50 million bales in 2024-25. |
Beef | |
Actual Sales (in MT) | 2024: 8,000 |
Weekly Sales Details | Net sales of 8,000 MT for 2024--a marketing-year low--were down 43 percent from the previous week and 45 from the prior 4-week average. Increases primarily for South Korea (2,100 MT, including decreases of 800 MT), Japan (2,000 MT, including decreases of 200 MT), Canada (1,200 MT), Mexico (1,000 MT, including decreases of 100 MT), and Taiwan (600 MT, including decreases of 100 MT), were offset by reductions for Vietnam (300 MT). Net sales of 2,300 MT for 2025 were reported for Mexico (2,200 MT) and Japan (100 MT). |
Weekly Export Details | Exports of 14,400 MT were down 9 percent from the previous week and from the prior 4-week average. The destinations were primarily to South Korea (4,100 MT), Japan (3,100 MT), China (2,000 MT), Mexico (1,200 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: 14,700 |
Weekly Sales Details | Net sales reductions of 14,700 MT for 2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Japan (2,300 MT, including decreases of 200 MT), South Korea (2,100 MT, including decreases of 2,900 MT), Panama (200 MT), the Dominican Republic (200 MT, including decreases of 200 MT), and Nicaragua (100 MT), were more than offset by reductions primarily for Mexico (7,700 MT), China (5,000 MT), Australia (2,900 MT), Colombia (1,500 MT), and Canada (1,100 MT). Net sales of 200 MT for 2025 were reported for South Korea (100 MT) and Vietnam (100 MT). |
Weekly Export Details | Exports of 35,000 MT were up 8 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Mexico (12,900 MT), Japan (4,200 MT), China (3,600 MT), South Korea (3,300 MT), and Colombia (2,700 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |