USDA Weekly Export Sales Report Week Ended April 18, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 1,299,900 |
Expectations (in MT) | 2023-24: 400,000-900,000 |
Weekly Sales Details | Net sales of 1,299,900 MT for 2023/2024 were up noticeably from the previous week and up 74 percent from the prior 4-week average. Increases primarily for Mexico (390,500 MT, including decreases of 10,100 MT), South Korea (252,000 MT, including 65,000 MT switched from unknown destinations and decreases of 1,900 MT), Japan (233,200 MT, including 110,000 MT switched from unknown destinations and decreases of 4,200 MT), Saudi Arabia (142,400 MT), and Taiwan (140,700 MT, including 68,000 MT switched from unknown destinations and 65,000 MT switched from China), were offset by reductions for unknown destinations (219,400 MT) and China (4,700 MT). Net sales of 262,300 MT for 2024/2025 were reported for Mexico (254,000 MT), Japan (8,000 MT), and Honduras (300 MT). |
Weekly Export Details | Exports of 1,709,200 MT--a marketing-year high--were up 11 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to Mexico (596,800 MT), Japan (203,500 MT, including 52,600 MT - late), Colombia (141,000 MT), Taiwan (140,000 MT), and South Korea (131,500 MT). |
Comments and Performance Indicators | Export commitments are 19.6% ahead of a year-ago, compared to 17.4% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2023-24: 82,000 |
Expectations (in MT) | 2023-24: (100,000)-100,000 |
Actual Sales (in MT) | 2024-25: 371,900 |
Expectations (in MT) | 2024-25: 100,000-400,000 |
Weekly Sales Details | Net sales of 82,000 metric tons (MT) for 2023/2024 were up noticeably from the previous week and down 4 percent from the prior 4-week average. Increases primarily for China (72,200 MT, including 65,000 MT switched from unknown destinations), Guatemala (21,100 MT switched from El Salvador), Indonesia (20,100 MT, including 22,000 MT switched from unknown destinations and decreases of 1,900 MT), Ecuador (20,000 MT), and Honduras (13,800 MT, including decreases of 900 MT), were offset by reductions for unknown destinations (98,000 MT), El Salvador (20,600 MT), and the Leeward-Windward Islands (9,500 MT). Net sales of 371,900 MT for 2024/2025 were primarily for the Philippines (82,000 MT), unknown destinations (65,000 MT), South Korea (50,000 MT), Mexico (35,100 MT), and Japan (34,300 MT). |
Weekly Export Details | Exports of 573,900 MT were up 18 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to China (136,200 MT), the Philippines (131,200 MT), Japan (91,900 MT), Mexico (65,900 MT), and the Dominican Republic (33,700 MT). |
Comments and Performance Indicators | Export commitments are running 0.7% ahead of year-ago, compared to 1.1% ahead last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 210,900 |
Expectations (in MT) | 2023-24: 300,000-600,000 |
Weekly Sales Details | Net sales of 210,900 MT for 2023/2024 were down 57 percent from the previous week and 29 percent from the prior 4-week average. Increases primarily for China (167,500 MT, including 200,000 MT switched from unknown destinations and decreases of 37,800 MT), Mexico (87,800 MT, including decreases of 2,300 MT), Indonesia (67,500 MT, including 55,000 MT switched from unknown destinations and decreases of 1,200 MT), Vietnam (6,200 MT, including decreases of 100 MT), and Colombia (6,200 MT, including 6,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (136,800 MT), Egypt (3,000 MT), and Canada (100 MT). Net sales of 120,100 MT for 2024/2025 were reported for Mexico (108,000 MT), Thailand (10,000 MT), Taiwan (2,000 MT), and Japan (100 MT). |
Weekly Export Details | Exports of 417,500 MT were down 13 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to China (222,100 MT), Indonesia (73,700 MT), Mexico (73,100 MT), Colombia (12,500 MT), and Taiwan (9,900 MT). |
Comments and Performance Indicators | Export commitments are running 17.7% behind a year-ago, compared to 17.6% 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: 307,900 |
Expectations | 2023-24: 100,000-400,000 |
Weekly Sales Details | Net sales of 307,900 MT for 2023/2024 were up noticeably from the previous week and up 90 percent from the prior 4-week average. Increases primarily for the Philippines (140,500 MT, including decreases of 100 MT), Ecuador (53,000 MT), Vietnam (49,900 MT, including 50,000 MT switched from unknown destinations and decreases of 100 MT), Venezuela (37,500 MT, including 6,000 MT switched from Colombia and decreases of 5,000 MT), and Guatemala (32,300 MT), were offset by reductions for unknown destinations (82,500 MT), Costa Rica (9,700 MT), Belgium (1,200 MT), Japan (900 MT), and Burma (500 MT). Net sales of 35,100 MT for 2024/2025 were reported for Canada (28,900 MT) and Mexico (6,200 MT). |
Weekly Export Details | Exports of 189,900 MT were down 46 percent from the previous week and 36 percent from the prior 4-week average. The destinations were primarily to Colombia (41,000 MT), Mexico (38,400 MT), Morocco (27,200 MT), Canada (19,900 MT), and Panama (19,300 MT). |
Comments and Performance Indicators | Export commitments are 15.3% ahead of a year-ago, compared to 13.9% ahead last week. USDA projects exports in 2022-23 will increase 7.7% from the previous marketing year in 2023-24. |
Soyoil | |
Actual Sales (in MT) | 2023-24: 16,200 |
Expectations | 2023-24: (5,000)-10,000 |
Weekly Sales Details | Net sales of 16,200 MT for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. Increases reported for Colombia (12,000 MT), the Dominican Republic (3,500 MT), Venezuela (2,000 MT switched from unknown destinations), and Mexico (700 MT), were offset by reductions for unknown destinations (2,000 MT). |
Weekly Export Details | Exports of 3,000 MT were up 84 percent from the previous week, but down 49 percent from the prior 4-week average. The destinations were primarily to Venezuela (2,000 MT) and Mexico (800 MT). |
Comments and Performance Indicators | Export commitments are running 0.7% behind a year-ago, compared to 14.8% behind last week. USDA projects exports will decrease 7.4% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 177,100 |
Weekly Sales Details | Net sales of Upland totaling 177,100 RB for 2023/2024 were up 21 percent from the previous week and 73 percent from the prior 4-week average. Increases were primarily for China (94,700 RB, including decreases of 500 RB), Pakistan (26,800 RB, including decreases of 100 RB), Vietnam (14,200 RB, including 100 RB switched from Japan and decreases of 1,000 RB), Turkey (9,700 RB), and Taiwan (5,500 RB). Net sales of 65,700 RB for 2024/2025 were primarily for China (22,000 RB), Honduras (12,100 RB), Turkey (11,000 RB), Mexico (10,000 RB), and Guatemala (4,900 RB). |
Weekly Export Details | Exports of 261,700 RB were down 2 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to China (99,800 RB), Pakistan (39,100 RB), Turkey (27,000 RB), Vietnam (24,900 RB), and Bangladesh (24,600 RB). Net sales of Pima totaling 12,500 RB for 2023/2024 were up noticeably from the previous week and up 94 percent from the prior 4-week average. Increases were primarily for Vietnam (5,200 RB), China (4,500 RB), India (2,300 RB, including decreases of 300 RB), Guatemala (200 RB), and Germany (100 RB). Exports of 10,100 RB were up 73 percent from the previous week and 29 percent from the prior 4-week average. The destinations were primarily to China (3,800 RB), India (3,700 RB), Peru (1,300 RB), Turkey (800 RB), and Pakistan (400 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.0% behind a year ago, compared to 6.0% behind last week. USDA forecasts total cotton exports will fall 7.7% from a year ago to 12.30 million bales in 2023-24. |
Beef | |
Actual Sales (in MT) | 2024: 15,200 |
Weekly Sales Details | Net sales of 15,200 MT for 2024 were down 14 percent from the previous week and 3 percent from the prior 4-week average. Increases were primarily for China (4,600 MT, including decreases of 200 MT), Japan (2,500 MT, including decreases of 200 MT), Canada (2,000 MT), South Korea (1,900 MT, including decreases of 500 MT), and Mexico (1,500 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 13,800 MT were down 17 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to South Korea (3,400 MT), Japan (3,100 MT), China (2,400 MT), Mexico (1,500 MT), and Taiwan (1,000 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 8.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 28,800 |
Weekly Sales Details | Net sales of 28,800 MT for 2024 were up 32 percent from the previous week, but down 25 percent from the prior 4-week average. Increases were primarily for Mexico (11,300 MT, including decreases of 300 MT), Japan (4,200 MT, including decreases of 200 MT), South Korea (3,300 MT, including decreases of 1,400 MT), China (2,400 MT, including decreases of 100 MT), and Colombia (1,700 MT). |
Weekly Export Details | Exports of 40,000 MT were down 4 percent from the previous week, but up 9 percent from the prior 4-week average. The destinations were primarily to Mexico (16,200 MT), Japan (5,500 MT), South Korea (5,400 MT), China (3,400 MT), and Canada (2,100 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 7.7% from last year. |