USDA Weekly Export Sales Report Week Ended Sept. 5, 2024 | |
Corn | |
Actual Sales (in MT) | 2024-25: 666,500 |
Expectations (in MT) | 2024-25: 700,000-1,600,000 |
Weekly Sales Details | Net sales of 666,500 MT for the 2024/2025 marketing year, which began September 1, were primarily for Mexico (180,300 MT, including 31,000 MT switched from unknown destinations and decreases of 26,300 MT), unknown destinations (167,900 MT), Japan (81,200 MT, including 19,200 MT switched from unknown destinations), Colombia (78,900 MT, including 32,000 MT switched from unknown destinations and decreases of 1,700 MT), and South Korea (68,000 MT). A total of 1,453,800 MT in sales were carried over from the 2023/2024 marketing year, which ended August 31. Exports for the period ending August 31, of 267,400 MT brought accumulated exports to 54,277,300 MT, up 38 percent from the prior year’s total of 39,469,100 MT. The destinations were primarily to Spain (119,700 MT), Portugal (70,500 MT), Mexico (40,000 MT), Ireland (20,100 MT), and Honduras (13,500 MT). |
Weekly Export Details | Exports for September 1 of 558,600 MT were primarily to Mexico (367,800 MT), Colombia (63,400 MT), Spain (53,900 MT), Portugal (33,000 MT), and Japan (19,200 MT). |
Comments and Performance Indicators | Export commitments are 67% behind a year-ago. 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: 474,900 |
Expectations (in MT) | 2024-25: 300,000-550,000 |
Weekly Sales Details | Net sales of 474,900 metric tons (MT) for 2024/2025 were up 40 percent from the previous week and 11 percent from the prior 4-week average. Increases primarily for Taiwan (105,400 MT), the Philippines (98,900 MT), South Korea (91,200 MT, including decreases of 2,000 MT), Japan (63,700 MT), and Mexico (54,000 MT, including decreases of 2,200 MT), were offset by reductions for Brazil (30,000 MT) and Jamaica (1,500 MT). Total net sales reductions of 200 MT for 2025/2026 were for South Korea. |
Weekly Export Details | Exports of 542,200 MT were down 15 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to the Philippines (103,900 MT), Mexico (98,600 MT), Taiwan (89,100 MT), Indonesia (78,600 MT), and South Korea (72,200 MT). |
Comments and Performance Indicators | Export commitments are 36.7% ahead of year-ago, compared to 30.7% 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: 1,474,000 |
Expectations (in MT) | 2024-25: 900,000-1,600,000 |
Weekly Sales Details | Net sales of 1,474,000 MT for 2024/2025 marketing year, which began September 1, primarily for China (962,600 MT, including 50,000 MT switched from unknown destinations), unknown destinations (127,500 MT), Mexico (100,000 MT, including decreases of 100 MT), Argentina (88,400 MT), and Indonesia (68,300 MT, including 55,000 MT switched from unknown destinations and decreases of 3,800 MT), were offset by reductions for Algeria (45,000 MT), Egypt (2,600 MT), and Colombia (1,100 MT). A total of 953,800 MT in sales were carried over from the 2023/2024 marketing year, which ended August 31. |
Weekly Export Details | Exports for the period ending August 31 of 149,300 MT brought accumulated exports to 44,510,100 MT, down 15 percent from the prior year’s total of 52,207,500 MT. The primary destinations were Germany (68,800 MT), Algeria (44,000 MT), Mexico (10,300 MT), Taiwan (8,100 MT), and Indonesia (7,900 MT). Exports of 314,200 MT for September 1 were to Indonesia (66,400 MT), Mexico (54,700 MT), China (51,000 MT), Japan (31,300 MT), and Tunisia (29,500 MT). |
Comments and Performance Indicators | Export commitments are running 73% behind a year-ago. 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: (3,000) |
Expectations | 2023-24: 0-100,000 |
Actual Sales (in MT) | 2024-25: 279,000 |
Expectations | 2024-25: 200,000-550,000 |
Weekly Sales Details | Net sales reductions of 3,000 MT for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Colombia (11,500 MT, including 10,000 MT switched from unknown destinations), Indonesia (3,500 MT), the Philippines (2,300 MT), Japan (1,200 MT, including decreases of 800 MT), and Trinidad and Tobago (1,200 MT), were more than offset by reductions primarily for unknown destinations (10,000 MT), Mexico (8,400 MT), Belgium (3,000 MT), Panama (1,900 MT), and Honduras (300 MT). Net sales of 279,000 MT for 2024/2025 primarily for unknown destinations (75,000 MT), Mexico (63,200 MT), the Philippines (45,000 MT), Colombia (25,000 MT), and Canada (24,200 MT), were offset by reductions for Japan (1,600 MT). |
Weekly Export Details | Exports of 193,300 MT were down 3 percent from the previous week, but up 6 percent from the prior 4-week average. The destinations were primarily to the Philippines (50,600 MT), Canada (44,100 MT), Panama (24,400 MT), Honduras (23,800 MT), and Colombia (23,500 MT). |
Comments and Performance Indicators | Export commitments are 6.0% ahead of a year-ago, compared to 6.0% 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: 0-10,000 |
Actual Sales (in MT) | 2024-25: 0 |
Expectations (in MT) | 2024-25: 0-10,000 |
Weekly Sales Details | Net sales reductions of 500 MT for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Increases reported for Mexico (800 MT), were more than offset by reductions for Canada (1,300 MT). Net sales of 1,700 MT for 2025/2026 were for Canada (1,600 MT) and Taiwan (100 MT). |
Weekly Export Details | Exports of 4,300 MT were up 86 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Mexico (2,200 MT). |
Comments and Performance Indicators | Export commitments are running 79.0% ahead of a year-ago, compared 79.3% ahead last week. USDA projects exports will jump 72.0% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2024-25: 116,100 |
Weekly Sales Details | Net sales of Upland totaling 116,100 RB for 2024/2025 were down 44 percent from the previous week and 15 percent from the prior 4-week average. Increases primarily for Vietnam (65,700 RB, including 28,400 RB switched from China and decreases of 3,300 RB), Pakistan (27,500 RB), India (13,400 RB), Bangladesh (8,200 RB), and Taiwan (6,700 RB), were offset by reductions for China (26,300 RB), Guatemala (2,400 RB), Jamaica (1,300 RB), and Mexico (1,000 RB). |
Weekly Export Details | Exports of 119,100 RB were down 27 percent from the previous week and 22 percent from the prior 4-week average. The destinations were primarily to China (28,600 RB), Vietnam (25,000 RB), Pakistan (16,000 RB), Bangladesh (10,500 RB), and Turkey (6,900 RB). Net sales of Pima totaling 10,600 RB for 2024/2025 were up 5 percent from the previous week, but down 32 percent from the prior 4-week average. Increases were primarily for India (5,400 RB, including decreases of 1,000 RB), Pakistan (2,900 RB), Peru (1,500 RB), Bangladesh (600 RB), and Japan (200 RB). Exports of 7,400 RB were up 23 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to India (2,700 RB), Vietnam (1,200 RB), Peru (1,100 RB), Bangladesh (1,000 RB), and China (500 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 10.0% behind a year ago, compared to 12.5% 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: 11,400 |
Weekly Sales Details | Net sales of 11,400 MT for 2024 were down 31 percent from the previous week and 41 percent from the prior 4-week average. Increases were primarily for South Korea (3,200 MT, including decreases of 300 MT), Mexico (1,900 MT, including decreases of 100 MT), Japan (1,500 MT, including decreases of 200 MT), Canada (1,100 MT), and Taiwan (1,000 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 11,800 MT were down 21 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to South Korea (3,100 MT), Japan (2,600 MT), China (1,800 MT), Mexico (1,200 MT), and Taiwan (600 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 29,700 |
Weekly Sales Details | Net sales of 29,700 MT for 2024 were up 43 percent from the previous week and 15 percent from the prior 4-week average. Increases were primarily for Mexico (14,200 MT, including decreases of 200 MT), Japan (4,300 MT), Colombia (2,400 MT, including decreases of 100 MT), China (2,000 MT, including decreases of 200 MT), and Canada (1,400 MT, including decreases of 700 MT). Total net sales of 100 MT for 2025 were for the Dominican Republic. |
Weekly Export Details | Exports of 25,700 MT were down 8 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Mexico (10,700 MT), Japan (3,800 MT), China (3,200 MT), Colombia (1,700 MT), and South Korea (1,600 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |