| USDA Weekly Export Sales Report Week Ended March 20, 2024 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 1,039,600 |
| Expectations (in MT) | 2024-25: 600,000-1,600,000 |
| Weekly Sales Details | Net sales of 1,039,600 for 2024/2025 were down 31 percent from the previous week, but unchanged from the prior 4-week average. Increases primarily for Japan (415,300 MT, including 248,200 MT switched from unknown destinations and decreases of 7,200 MT), Mexico (309,900 MT, including 55,000 MT switched from unknown destinations and decreases of 4,400 MT), Colombia (212,900 MT, including 98,000 MT switched from unknown destinations and decreases of 63,200 MT), South Korea (135,300 MT, including decreases of 600 MT), and Vietnam (135,300 MT, including 132,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (494,000 MT) and Panama (9,900 MT). |
| Weekly Export Details | Exports of 1,651,800 MT were down 2 percent from the previous week, but up 8 percent from the prior 4-week average. The destinations were primarily to Mexico (495,700 MT), Japan (440,800 MT), Colombia (171,900 MT), South Korea (136,300 MT), and Taiwan (76,100 MT). |
| Comments and Performance Indicators | Export commitments are 23.7% ahead of a year-ago, compared to 24.8% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | 2024-25: 100,300 |
| Expectations (in MT) | 2024-25: 0-550,000 |
| Weekly Sales Details | Net sales of 100,300 metric tons (MT) for 2024/2025 were down noticeably from the previous week and down 65 percent from the prior 4-week average. Increases primarily for Japan (72,000 MT), Nigeria (53,400 MT, including 52,000 MT switched from unknown destinations), the Philippines (29,800 MT), Mexico (13,900 MT, including decreases of 2,100 MT), and Haiti (10,000 MT, including decreases of 2,000 MT), were offset by reductions for unknown destinations (125,500 MT), Panama (8,700 MT), and Belize (2,300 MT). Net sales of 11,200 MT for 2025/2026 were reported for Trinidad and Tobago (4,200 MT), Panama (3,500 MT), and Peru (3,500 MT). |
| Weekly Export Details | Exports of 428,700 MT were down 9 percent from the previous week, but up 18 percent from the prior 4-week average. The destinations were primarily to Mexico (71,600 MT), the Philippines (57,800 MT), South Korea (55,400 MT), Nigeria (53,400 MT), and Japan (44,700 MT). |
| Comments and Performance Indicators | Export commitments are 11.6% ahead of year-ago, compared to 13.3% ahead last week. USDA projects exports in 2024-25 exports are projected at 850 million bu., up 18.1% from last year. |
| Soybeans | |
| Actual Sales (in MT) | 2024-25: 338,500 |
| Expectations (in MT) | 2024-25: 300,000-900,000 |
| Weekly Sales Details | Net sales of 338,500 MT for 2024/2025 were down 4 percent from the previous week and 28 percent from the prior 4-week average. Increases primarily for Mexico (260,900 MT, including decreases of 3,000 MT), China (202,300 MT, including 199,600 MT switched from unknown destinations and decreases of 5,200 MT), Japan (86,200 MT, including 62,500 MT switched from unknown destinations and decreases of 300 MT), the Netherlands (69,600 MT, including 60,000 MT switched from unknown destinations), and Taiwan (32,800 MT, including decreases of 400 MT), were offset by reductions for unknown destinations (361,400 MT) and Egypt (7,000 MT). Net sales reductions of 21,900 MT for 2025/2026 resulting in increases for unknown destinations (66,000 MT) and Japan (6,300 MT), were more than offset by reductions for Mexico (94,200 MT). |
| Weekly Export Details | Exports of 922,100 MT were up 56 percent from the previous week and 13 percent from the prior 4- week average. The destinations were primarily to China (472,400 MT), Japan (136,200 MT), Egypt (108,000 MT), Mexico (72,500 MT), and the Netherlands (69,600 MT). |
| Comments and Performance Indicators | Export commitments are running 13.4% ahead of a year-ago, compared to 13.3% 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: 165,600 |
| Expectations | 2024-25: 150,000-450,000 |
| Weekly Sales Details | Net sales of 165,600 MT for 2024/2025 were down 9 percent from the previous week and 15 percent from the prior 4-week average. Increases primarily for the Netherlands (60,000 MT, including 30,000 MT switched from unknown destinations), Colombia (30,500 MT, including 3,000 MT switched from unknown destinations and decreases of 1,700 MT), Morocco (17,700 MT, including 15,900 MT switched from unknown destinations), Mexico (14,800 MT, including decreases of 15,600 MT), and Honduras (13,900 MT, including 5,800 MT switched from unknown destinations and decreases of 5,000 MT), were offset by reductions for unknown destinations (9,400 MT), Belgium (2,300 MT), Japan (200 MT), and Panama (100 MT). Net sales of 400 MT for 2025/2026 were reported for Mexico (300 MT) and Canada (100 MT). |
| Weekly Export Details | Exports of 246,400 MT were down 27 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to the Philippines (50,100 MT), Ecuador (40,400 MT), Mexico (36,000 MT), Morocco (35,700 MT), and Canada (21,400 MT). |
| Comments and Performance Indicators | Export commitments are 11.3% ahead of a year-ago, compared to 11.1% 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: 44,500 |
| Expectations (in MT) | 2024-25: 5,000-30,000 |
| Weekly Sales Details | Net sales of 44,500 MT for 2024/2025 were up 30 percent from the previous week and 1 percent from the prior 4-week average. Increases primarily for Colombia (16,300 MT, including decreases of 9,400 MT), the Dominican Republic (9,100 MT, including decreases of 6,000 MT), Venezuela (8,000 MT), Guatemala (7,600 MT), and Costa Rica (3,000 MT), were offset by reductions for Mexico (1,000 MT). |
| Weekly Export Details | Exports of 29,000 MT were down 26 percent from the previous week, but up 4 percent from the prior 4-week average. The destinations were Colombia (13,500 MT), Mexico (7,000 MT), the Dominican Republic (5,100 MT), Guatemala (3,000 MT), and Canada (400 MT). |
| Comments and Performance Indicators | Export commitments are well ahead of year-ago. USDA projects exports will nearly triple in 2023-24. |
| Cotton | |
| Actual Upland Sales (in RB) | 2024-25: 84,400 |
| Weekly Sales Details | Net sales of Upland totaling 84,400 RB for 2024/2025 were down 17 percent from the previous week and 57 percent from the prior 4-week average. Increases primarily for Pakistan (35,300 RB, including decreases of 900 RB), Vietnam (18,900 RB, including 6,400 RB switched from China, 800 RB switched from South Korea, and 200 RB switched from Japan), Turkey (16,900 RB), Bangladesh (14,600 RB, including decreases of 100 RB), and Thailand (9,600 RB), were offset by reductions for China (27,000 RB), Mexico (2,800 RB), El Salvador (100 RB), and Guatemala (100 RB). Net sales of 41,600 RB for 2025/2026 were reported for Malaysia (17,600 RB), Thailand (12,300 RB), Honduras (7,500 RB), Mexico (2,600 RB), and Japan (1,600 RB). |
| Weekly Export Details | Exports of 393,400 RB were up 12 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Vietnam (114,900 RB), Turkey (69,400 RB), Pakistan (68,100 RB), Mexico (23,700 RB), and India (19,400 RB). Net sales of Pima totaling 19,900 RB for 2024/2025 were down 25 percent from the previous week, but up 25 percent from the prior 4-week average. Increases primarily for Vietnam (13,100 RB), India (4,500 RB), Thailand (1,300 RB), Pakistan (1,200 RB), and Italy (400 RB), were offset by reductions for China (1,300 RB). Exports of 11,900 RB were down 29 percent from the previous week, but up 26 percent from the prior 4-week average. The destinations were primarily to China (4,100 RB), Peru (2,400 RB), Vietnam (1,300 RB), Pakistan (1,200 RB), and India (1,100 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 4.6% behind a year ago, compared to 4.5% behind last week. USDA forecasts total cotton exports will fall 6.4% from a year ago to 11.00 million bales in 2024-25. |
| Beef | |
| Actual Sales (in MT) | 2025: 8,000 |
| Weekly Sales Details | Net sales of 8,000 MT for 2025 were down 22 percent from the previous week and 43 percent from the prior 4-week average. Increases primarily for South Korea (3,300 MT, including decreases of 500 MT), Japan (1,800 MT, including decreases of 400 MT), Mexico (1,200 MT, including decreases of 100 MT), Taiwan (800 MT, including decreases of 200 MT), and Hong Kong (300 MT, including decreases of 100 MT), were offset by reductions for the United Kingdom (100 MT). |
| Weekly Export Details | Exports of 14,100 MT were down 8 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to South Korea (4,000 MT), Japan (3,500 MT), China (2,400 MT), Mexico (1,500 MT), and Canada (700 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 6.0% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2025: 31,900 |
| Weekly Sales Details | Net sales of 31,900 MT for 2025 were up 77 percent from the previous week and 13 percent from the prior 4-week average. Increases were primarily for Mexico (14,400 MT, including decreases of 200 MT), Colombia (3,700 MT, including decreases of 100 MT), Canada (3,300 MT, including decreases of 400 MT), South Korea (3,200 MT, including decreases of 200 MT), and Japan (2,900 MT, including decreases of 100 MT). |
| Weekly Export Details | Exports of 31,600 MT were down 4 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Mexico (11,900 MT), South Korea (4,100 MT), Japan (4,100 MT), China (3,600 MT), and Colombia (2,000 MT). |
| Comments and Performance Indicators | USDA projects exports in 2025 will rise 1.4% from last year. |
Weekly corn, soybean exports prove stable
Weekly corn, soybean and wheat sales each slid on the week, though exports were quite notable, with soybeans rising 56% from the previous week to 922,100 MT.
(Chip Flory)