USDA Weekly Export Sales Report Week Ended Oct. 17, 2024 | |
Corn | |
Actual Sales (in MT) | 2024-25: 3,602,600 MT |
Expectations (in MT) | 2024-25: 2,200,000-3,300,000 |
Weekly Sales Details | Net sales of 3,602,600 MT for 2024/2025 were up 62 percent from the previous week and up noticeably from the prior 4-week average. Increases were primarily for Mexico (1,679,800 MT, including 55,000 MT switched from unknown destinations and decreases of 6,800 MT), unknown destinations (1,153,900 MT), Japan (243,800 MT, including 78,000 MT switched from unknown destinations), Colombia (185,600 MT, including 60,900 MT switched from unknown destinations and decreases of 1,700 MT), and South Korea (135,000 MT). Net sales of 581,200 MT for 2025/2026 were reported for Mexico (579,200 MT) and unknown destinations (2,000 MT). |
Weekly Export Details | Exports of 999,000 MT were up 99 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Mexico (584,300 MT), Colombia (127,900 MT), Japan (78,000 MT), Honduras (66,800 MT), and Costa Rica (31,200 MT). |
Comments and Performance Indicators | Export commitments are 34.0% ahead of a year-ago, compared to 22.9% 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: 532,900 |
Expectations (in MT) | 2024-25: 350,000-650,000 |
Weekly Sales Details | Net sales of 532,900 metric tons (MT) for 2024/2025 were up 6 percent from the previous week and 38 percent from the prior 4-week average. Increases primarily for Mexico (169,600 MT, including decreases of 34,200 MT), South Korea (86,000 MT), unknown destinations (80,500 MT), Taiwan (78,300 MT), and Japan (26,800 MT), were offset by reductions for Guatemala (6,100 MT). |
Weekly Export Details | Exports of 276,500 MT were down 30 percent from the previous week and 45 percent from the prior 4-week average. The destinations were primarily to Japan (96,600 MT), Mexico (59,100 MT), Chile (35,200 MT), the Philippines (30,600 MT), and Italy (20,100 MT). |
Comments and Performance Indicators | Export commitments are 18.0% ahead of year-ago, compared to 17.1% 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: 2,151,700 |
Expectations (in MT) | 2024-25: 1,200,000-2,400,000 |
Weekly Sales Details | Net sales of 2,151,700 MT for 2024/2025 were up 26 percent from the previous week and 47 percent from the prior 4-week average. Increases primarily for China (1,289,200 MT, including 396,000 MT switched from unknown destinations and decreases of 6,000 MT), Mexico (208,100 MT , including decreases of 1,900 MT), unknown destinations (138,800 MT), Japan (83,400 MT, including 30,000 MT switched from unknown destinations and decreases of 900 MT), and Taiwan (72,000 MT), were offset by reductions for Turkey (45,400 MT), Canada (19,800 MT), and Sri Lanka (400 MT). |
Weekly Export Details | Exports of 2,446,500 MT were up 32 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to China (1,805,000 MT), Mexico (133,000 MT), Japan (85,500 MT), Egypt (66,000 MT), and Switzerland (65,800 MT). |
Comments and Performance Indicators | Export commitments are running 8.3% ahead of a year-ago, compared to 5.0% 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: 159,900 |
Expectations | 2024-25: 150,000-350,000 |
Weekly Sales Details | Net sales of 159,900 MT for 2024/2025 primarily for Colombia (66,400 MT, including decreases of 1,900 MT), Mexico (33,100 MT, including decreases of 100 MT), El Salvador (24,500 MT, including 7,600 MT switched from Guatemala and decreases of 2,000 MT), Vietnam (13,900 MT, including decreases of 600 MT), and Venezuela (12,300 MT, including 3,800 MT switched from Colombia), were offset by reductions for unknown destinations (36,900 MT). Total net sales reductions of 200 MT for 2025/2026 were for Canada. |
Weekly Export Details | Exports of 232,200 MT were primarily to Vietnam (50,700 MT), Honduras (36,900 MT), Venezuela (29,000 MT), Guatemala (21,800 MT), and Canada (20,700 MT). |
Comments and Performance Indicators | Export commitments are 3.5% ahead of a year-ago, compared to 3.1% 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: 29,000 |
Expectations (in MT) | 2024-25: 0-30,000 |
Weekly Sales Details | Net sales of 29,000 MT for 2024/2025 were primarily for Mexico (21,400 MT), the Dominican Republic (4,500 MT), Jamaica (1,000 MT), Honduras (1,000 MT), and Canada (900 MT). |
Weekly Export Details | Exports of 1,900 MT were primarily to Canada (1,200 MT) and Mexico (500 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: 169,700 |
Weekly Sales Details | Net sales of Upland totaling 169,700 RB for 2024/2025 were up 6 percent from the previous week and 57 percent from the prior 4-week average. Increases primarily for Vietnam (34,200 RB), Pakistan (33,800 RB), China (27,500 RB, including decreases of 4,800 RB), Turkey (25,800 RB, including 9,000 RB switched from China), and Honduras (10,400 RB), were offset by reductions for Switzerland (2,200 RB). |
Weekly Export Details | Exports of 98,400 RB were up 70 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Pakistan (27,500 RB), Bangladesh (13,600 RB), India (13,000 RB), Vietnam (11,000 RB), and Mexico (8,700 RB). Net sales of Pima totaling 4,400 RB for 2024/2025 were up 71 percent from the previous week, but down 45 percent from the prior 4-week average. Increases reported for China (2,200 RB), Peru (1,100 RB), Vietnam (900 RB), Thailand (400 RB), and Nicaragua (100 RB), were offset by reductions for India (300 RB). Exports of 4,200 RB were down 66 percent from the previous week and 48 percent from the prior 4-week average. The destinations were to India (2,900 RB), Pakistan (600 RB), Thailand (600 RB), and Guatemala (100 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 10.0% behind a year ago, compared to 10.0% 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: 16,700 |
Weekly Sales Details | Net sales of 16,700 MT for 2024 were up 19 percent from the previous week and 11 percent from the prior 4-week average. Increases were primarily for South Korea (6,500 MT, including decreases of 400 MT), China (4,600 MT, including decreases of 100 MT), Taiwan (1,800 MT, including decreases of 100 MT), Mexico (1,100 MT, including decreases of 100 MT), and Japan (800 MT, including decreases of 1,800 MT). Net sales of 2,100 MT for 2025 were reported for South Korea (1,400 MT), Mexico (300 MT), Japan (200 MT), Canada (100 MT), and Hong Kong (100 MT). |
Weekly Export Details | Exports of 16,100 MT were up 5 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to South Korea (4,400 MT), Japan (3,200 MT), China (2,800 MT), Mexico (1,400 MT), and Canada (800 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 22,200 |
Weekly Sales Details | Net sales of 22,200 MT for 2024 were down 42 percent from the previous week and 45 percent from the prior 4-week average. Increases primarily for Mexico (17,000 MT, including decreases of 7,400 MT), China (8,800 MT, including decreases of 200 MT), Australia (4,700 MT, including decreases of 100 MT), South Korea (3,200 MT, including decreases of 4,900 MT), and Canada (1,300 MT, including decreases of 1,200 MT), were offset by reductions primarily for Japan (6,900 MT), Malaysia (2,300 MT), Colombia (1,800 MT), the Dominican Republic (1,600 MT), and Hong Kong (700 MT). Net sales of 1,000 MT for 2025 were reported for South Korea (700 MT) and Australia (300 MT). |
Weekly Export Details | Exports of 32,100 MT were down 6 percent from the previous week, but up 16 percent from the prior 4-week average. The destinations were primarily to Mexico (11,900 MT), Japan (4,500 MT), China (4,100 MT), South Korea (2,600 MT), and Canada (2,100 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |