| USDA Weekly Export Sales Report Week Ended Dec. 12, 2024 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 1,174,600 |
| Expectations (in MT) | 2024-25: 800,000-1,600,000 |
| Weekly Sales Details | Net sales of 1,174,600 MT for 2024/2025 were up 24 percent from the previous week, but down 10 percent from the prior 4-week average. Increases primarily for Mexico (395,500 MT, including 30,000 MT switched from unknown destinations and decreases of 4,600 MT), Japan (273,100 MT, including 185,000 MT switched from unknown destinations and decreases of 2,900 MT), Colombia (204,800 MT, including 93,000 MT switched from unknown destinations and decreases of 3,600 MT), Taiwan (139,600 MT), and Spain (136,900 MT, including 131,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (192,100 MT) and Honduras (25,100 MT). Total net sales of 2,500 MT for 2025/2026 were for Nicaragua. |
| Weekly Export Details | Exports of 1,054,500 MT were down 11 percent from the previous week, but up 1 percent from the prior 4-week average. The destinations were primarily to Mexico (325,800 MT), Japan (206,100 MT), Spain (136,900 MT), Colombia (97,300 MT), and Guatemala (81,200 MT). |
| Comments and Performance Indicators | Export commitments are 28.9% ahead of a year-ago, compared to 29.3% ahead last week. USDA projects exports in 2024-25 at 2.475 billion bu., 8.0% above the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | 2024-25: 457,900 |
| Expectations (in MT) | 2024-25: 225,000-550,000 |
| Weekly Sales Details | Net sales of 457,900 metric tons (MT) for 2024/2025 were up 58 percent from the previous week and 16 percent from the prior 4-week average. Increases primarily for the Philippines (83,000 MT), Venezuela (80,800 MT), Japan (59,300 MT, including decreases of 800 MT), El Salvador (56,000 MT), and Vietnam (33,500 MT, including decreases of 5,000 MT), were offset by reductions for Panama (8,200 MT). |
| Weekly Export Details | Exports of 405,700 MT were up noticeably from the previous week and up 49 percent from the prior 4-week average. The destinations were primarily to Venezuela (80,800 MT), Japan (66,000 MT), Mexico (60,100 MT), Thailand (59,300 MT), and El Salvador (50,000 MT). |
| Comments and Performance Indicators | Export commitments are 8.7% ahead of year-ago, compared to 9.0% 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: 1,424,200 |
| Expectations (in MT) | 2024-25: 825,000-2,000,000 |
| Weekly Sales Details | Net sales of 1,424,200 MT for 2024/2025 were up 21 percent from the previous week, but down 27 percent from the prior 4-week average. Increases primarily for China (648,200 MT, including 464,000 MT switched from unknown destinations and decreases of 66,600 MT), unknown destinations (374,500 MT), Pakistan (65,000 MT), Turkey (64,000 MT), and Egypt (56,400 MT), were offset by reductions for Libya (27,000 MT), Vietnam (8,700 MT), Italy (4,700 MT), and Morocco (100 MT). |
| Weekly Export Details | Exports of 1,686,300 MT were down 9 percent from the previous week and 23 percent from the prior 4- week average. The destinations were primarily to China (1,041,600 MT), Mexico (176,600 MT), Bangladesh (108,600 MT), Egypt (63,400 MT), and Vietnam (58,600 MT). |
| Comments and Performance Indicators | Export commitments are running 9.7% ahead of a year-ago, compared to 12.0% behind last week. USDA projects exports in 2024-25 at 1.825 billion bu., up 7.7% from the previous marketing year. |
| Soymeal | |
| Actual Sales (in MT) | 2024-25: 261,600 |
| Expectations | 2024-25: 150,000-350,000 |
| Weekly Sales Details | Net sales of 261,600 MT for 2024/2025 were up 48 percent from the previous week, but down 14 percent from the prior 4-week average. Increases primarily for Canada (65,500 MT), the Philippines (54,300 MT, including 45,000 MT switched from Vietnam), Mexico (51,200 MT, including decreases of 19,100 MT), Peru (41,000 MT), and Colombia (26,300 MT, including 23,000 MT switched from unknown destinations and decreases of 2,900 MT), were offset by reductions for Vietnam (43,800 MT) and Costa Rica (9,700 MT). |
| Weekly Export Details | Exports of 375,800 MT were up 27 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to the Philippines (98,000 MT), Colombia (72,600 MT), Mexico (42,700 MT), the Dominican Republic (33,000 MT), and Costa Rica (24,400 MT). |
| Comments and Performance Indicators | Export commitments are 13.6% ahead of a year-ago, compared to 12.2% ahead last week. USDA projects exports in 2023-24 will increase 8.0% from the previous marketing year in 2023-24. |
| Soyoil | |
| Actual Sales (in MT) | 2024-25: 6,000 |
| Expectations (in MT) | 2024-25: 5,000-60,000 |
| Weekly Sales Details | Net sales of 6,000 MT for 2024/2025 were down 91 percent from the previous week and 90 percent from the prior 4-week average. Increases reported for Mexico (4,800 MT) and the Dominican Republic (1,400 MT), were offset by reductions for Canada (200 MT). Total net sales of 300 MT for 2025/2026 were for Mexico. |
| Weekly Export Details | Exports of 13,000 MT were down 18 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to Venezuela (6,500 MT) and Mexico (5,900 MT). |
| Comments and Performance Indicators | Export commitments are well ahead of year-ago. USDA projects exports will jump 78.3% in 2023-24. |
| Cotton | |
| Actual Upland Sales (in RB) | 2024-25: 194,900 |
| Weekly Sales Details | Net sales of Upland totaling 194,900 RB for 2024/2025 were up 27 percent from the previous week, but down 19 percent from the prior 4-week average. Increases primarily for Vietnam (42,400 RB, including 400 RB switched from Hong Kong), Pakistan (37,000 RB, including decreases of 2,200 RB), Turkey (32,100 RB), Indonesia (16,000 RB, including 200 RB switched from Japan), and Mexico (11,100 RB), were offset by reductions for Hong Kong (400 RB). Total net sales of 6,900 RB for 2025/2026 were for Mexico. |
| Weekly Export Details | Exports of 128,600 RB were down 6 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Pakistan (25,500 RB), Vietnam (23,800 RB), China (22,700 RB), Bangladesh (11,700 RB), and Mexico (10,200 RB). Net sales of Pima totaling 500 RB for 2024/2025--a marketing-year low--were down 93 percent from the previous week and 94 percent from the prior 4-week average. Increases were reported for India (200 RB, including decreases of 400 RB), Mexico (200 RB), and Japan (100 RB). Exports of 12,000 RB were up 84 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to India (6,600 RB), Peru (1,700 RB), Egypt (1,100 RB), Pakistan (900 RB), and China (900 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 11.0% behind a year ago, compared to 12.0% 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: 7,200 |
| Weekly Sales Details | Net sales of 7,200 MT for 2024 were down 35 percent from the previous week and 5 percent from the prior 4-week average. Increases primarily for South Korea (2,200 MT, including decreases of 900 MT), Japan (1,200 MT, including decreases of 1,000 MT), Taiwan (800 MT, including decreases of 100 MT), Mexico (600 MT), and China (600 MT, including decreases of 400 MT), were offset by reductions for Indonesia (100 MT). Net sales of 4,400 MT for 2025 were primarily for Mexico (1,100 MT), South Korea (1,000 MT), Japan (500 MT), Canada (500 MT), and China (500 MT). |
| Weekly Export Details | Exports of 15,900 MT were up 6 percent from the previous week and from the prior 4-week average. The destinations were primarily to South Korea (4,400 MT), Japan (3,200 MT), China (2,800 MT), Taiwan (1,500 MT), and Mexico (1,400 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 2.6% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2024: 11,200 |
| Weekly Sales Details | Net sales of 11,200 MT for 2024 were down 50 percent from the previous week and 52 percent from the prior 4-week average. Increases primarily for Mexico (2,800 MT, including decreases of 300 MT), Japan (2,300 MT, including decreases of 500 MT), Canada (2,100 MT, including decreases of 1,100 MT), South Korea (1,300 MT), and China (900 MT, including decreases of 200 MT), were offset by reductions for Colombia (100 MT) and Hong Kong (100 MT). Net sales of 5,800 MT for 2025 primarily for South Korea (2,100 MT), Colombia (1,400 MT), Mexico (1,300 MT), Japan (500 MT), and Canada (400 MT), were offset by reductions for China (900 MT). |
| Weekly Export Details | Exports of 31,600 MT were down 7 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to Mexico (12,800 MT), Japan (3,800 MT), South Korea (3,700 MT), China (3,100 MT), and Colombia (2,000 MT). |
| Comments and Performance Indicators | USDA projects exports in 2024 will rise 1.7% from last year. |
Weekly corn, soybean and wheat sales rise on the week
For the week ended Dec. 12, corn sales rose 24% to 1.17 MMT from a week ago, while wheat and soybean sales jumped 58% and 21%, respectively.
(Chip Flory)