USDA Weekly Export Sales Report Week Ended June 13, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 511,400 |
Expectations (in MT) | 2023-24: 700,000-1,200,000 |
Weekly Sales Details | Net sales of 511,400 MT for 2023/2024 were down 52 percent from the previous week and 48 percent from the prior 4-week average. Increases primarily for Japan (370,600 MT, including 355,100 MT switched from unknown destinations and decreases of 29,300 MT), Colombia (113,900 MT, including 72,400 MT switched from unknown destinations and decreases of 90,400 MT), Mexico (99,700 MT, including decreases of 300 MT), Panama (97,000 MT), and Saudi Arabia (59,700 MT, including 60,000 MT switched from unknown destinations and decreases of 300 MT), were offset by reductions for unknown destinations (418,400 MT), Spain (57,100 MT), South Korea (55,000 MT), and Costa Rica (3,400 MT). Net sales of 93,600 MT for 2024/2025 were reported for Mexico (61,600 MT), unknown destinations (30,000 MT), and Honduras (2,000 MT). |
Weekly Export Details | Exports of 1,481,700 MT were up 19 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Japan (526,100 MT), Mexico (346,200 MT), Spain (107,900 MT), Colombia (97,200 MT), and Saudi Arabia (59,700 MT). |
Comments and Performance Indicators | Export commitments are 36.7% ahead of a year-ago, compared to 36.5% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2024-25: 589,700 |
Expectations (in MT) | 2024-25: 200,000-500,000 |
Weekly Sales Details | Net sales of 589,700 metric tons (MT) for 2024/2025 primarily for South Korea (118,600 MT), the Philippines (108,300 MT), Vietnam (88,400 MT, including 28,700 MT switched from unknown destinations and decreases of 2,400 MT), Indonesia (80,200 MT, including 8,400 MT switched from unknown destinations), and Brazil (60,000 MT), were offset by reductions for unknown destinations (37,000 MT), Peru (1,000 MT), and El Salvador (800 MT). Total net sales reductions of 11,000 MT for 2025/2026 were for Mexico. |
Weekly Export Details | Exports of 363,600 MT were primarily to South Korea (91,400 MT), Thailand (56,200 MT), Panama (52,400 MT), the Philippines (48,300 MT), and Vietnam (26,400 MT). |
Comments and Performance Indicators | Export commitments are 33.6% ahead of year-ago. USDA projects exports in 2024-25 exports are projected at 800 million bu. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 556,500 |
Expectations (in MT) | 2023-24: 375,000-850,000 |
Weekly Sales Details | Net sales of 556,500 MT for 2023/2024 were up 48 percent from the previous week and 89 percent from the prior 4-week average. Increases primarily for China (213,700 MT), Egypt (157,500 MT, including 50,000 MT switched from unknown destinations and decreases of 2,500 MT), Indonesia (64,600 MT, including 55,000 MT switched from unknown destinations and decreases of 200 MT), the Netherlands (58,300 MT, including 62,000 MT switched from unknown destinations and decreases of 3,700 MT), and unknown destinations (48,700 MT), were offset by reductions for Pakistan (66,000 MT) and Algeria (1,200 MT). Net sales of 84,000 MT for 2024/2025 were reported for Pakistan (66,000 MT), unknown destinations (9,000 MT), Taiwan (4,500 MT), South Korea (3,300 MT), and Japan (1,200 MT). |
Weekly Export Details | Exports of 341,000 MT were up 58 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to Indonesia (78,900 MT), the Netherlands (58,300 MT), Egypt (52,500 MT), Algeria (43,800 MT), and Mexico (32,600 MT). |
Comments and Performance Indicators | Export commitments are running 14.9% behind a year-ago, compared to 14.4% behind last week. USDA projects exports in 2023-24 at 1.700 billion bu., down 14.7% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2023-24: 178,800 |
Expectations | 2023-24: 150,000-400,000 |
Weekly Sales Details | Net sales of 178,800 MT for 2023/2024 were up 25 percent from the previous week, but down 11 percent from the prior 4-week average. Increases primarily for Vietnam (50,000 MT), Panama (38,600 MT), Guatemala (34,600 MT, including 4,500 MT switched from Nicaragua and decreases of 6,600 MT), Mexico (22,400 MT, including decreases of 5,600 MT), and Colombia (22,200 MT, including 10,000 MT switched from unknown destinations and decreases of 900 MT), were offset by reductions for Honduras (22,600 MT). Net sales of 32,800 MT for 2024/2025 were primarily for Mexico (18,700 MT), Canada (12,300 MT), and Sri Lanka (1,500 MT). |
Weekly Export Details | Exports of 206,100 MT were down 28 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Vietnam (50,000 MT), Mexico (32,700 MT), Ecuador (32,300 MT), Canada (26,800 MT), and Colombia (12,200 MT). |
Comments and Performance Indicators | Export commitments are 10.1% ahead of a year-ago, compared to 11.8% ahead last week. USDA projects exports in 2023-24 will increase 7.7% from the previous marketing year in 2022-23. |
Soyoil | |
Actual Sales (in MT) | 2023-24: 20,900 |
Expectations | 2023-24: 0-15,000 |
Weekly Sales Details | Net sales of 20,900 MT for 2023/2024 were up 43 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for Mexico (16,500 MT) and Venezuela (5,000 MT), were offset by reductions for Canada (1,200 MT). Total net sales reductions of 400 MT for 2024/2025 were for Mexico. |
Weekly Export Details | Exports of 1,500 MT were down 39 percent from the previous week and 84 percent from the prior 4-week average. The destinations were to Canada (800 MT) and Mexico (700 MT). |
Comments and Performance Indicators | Export commitments are running 42.3% ahead of a year-ago, compared 28.2% ahead last week. USDA projects exports will decrease 7.6% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 189,000 |
Weekly Sales Details | Net sales of Upland totaling 189,000 RB for 2023/2024 were up 7 percent from the previous week and 2 percent from the prior 4-week average. Increases primarily for China (82,200 RB, including decreases of 2,400 RB), Vietnam (38,600 RB, including 1,600 RB switched from South Korea), Pakistan (33,800 RB), India (7,300 RB), and Taiwan (4,900 RB), were offset by reductions for Italy (2,600 RB) and South Korea (1,200 RB). Net sales of 111,800 RB for 2024/2025 were primarily for Guatemala (24,600 RB), Turkey (15,400 RB), Pakistan (12,800 RB), Indonesia (10,600 RB), and China (9,200 RB). |
Weekly Export Details | Exports of 197,900 RB were up 6 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to China (78,000 RB), Vietnam (23,800 RB), Turkey (21,500 RB), Pakistan (13,400 RB), and Indonesia (11,400 RB). Net sales of Pima totaling 7,900 RB for 2023/2024 were up noticeably from the previous week and up 51 percent from the prior 4-week average. Increases primarily for Peru (5,100 RB), India (3,100 RB), China (600 RB), Pakistan (300 RB), and Germany (200 RB), were offset by reductions for Italy (1,500 RB). Exports of 5,800 RB were down 36 percent from the previous week and 37 percent from the prior 4-week average. The destinations were to India (3,600 RB), China (1,300 RB), Vietnam (700 RB), and Turkey (200 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.7% behind a year ago, compared to 7.2% behind last week. USDA forecasts total cotton exports will fall 3.7% from a year ago to 12.30 million bales in 2023-24. |
Beef | |
Actual Sales (in MT) | 2024: 14,900 |
Weekly Sales Details | Net sales of 14,900 MT for 2024 were up 24 percent from the previous week, but down 7 percent from the prior 4-week average. Increases primarily for South Korea (4,700 MT, including decreases of 400 MT), Japan (3,800 MT, including decreases of 300 MT), Mexico (2,100 MT, including decreases of 100 MT), Canada (1,300 MT, including decreases of 100 MT), and Taiwan (1,000 MT, including decreases of 100 MT), were offset by reductions for China (700 MT). |
Weekly Export Details | Exports of 16,800 MT were up 1 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to South Korea (4,300 MT), Japan (3,700 MT), China (1,900 MT), Mexico (1,800 MT), and Taiwan (1,700 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 7.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 21,400 |
Weekly Sales Details | Net sales of 21,400 MT for 2024 were down 29 percent from the previous week and 34 percent from the prior 4-week average. Increases were primarily for Mexico (7,400 MT, including decreases of 200 MT), Japan (5,800 MT, including decreases of 200 MT), the Dominican Republic (2,500 MT, including decreases of 600 MT), Colombia (1,700 MT, including decreases of 100 MT), and Canada (1,200 MT, including decreases of 700 MT). |
Weekly Export Details | Exports of 29,000 MT were down 12 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to Mexico (11,600 MT), Japan (4,800 MT), South Korea (3,200 MT), China (2,400 MT), and Canada (2,100 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.5% from last year. |