USDA Weekly Export Sales Report Week Ended Nov. 7, 2024 | |
Corn | |
Actual Sales (in MT) | 2024-25: 1,315,100 |
Expectations (in MT) | 2024-25: 1,250,000-2,600,000 |
Weekly Sales Details | Net sales of 1,315,100 MT for 2024/2025 were down 53 percent from the previous week and 52 percent from the prior 4-week average. Increases primarily for unknown destinations (603,500 MT), Mexico (167,600 MT, including decreases of 2,000 MT), South Korea (128,000 MT), Colombia (123,100 MT, including 50,000 MT switched from unknown destinations), and Japan (122,000 MT), were offset by reductions for El Salvador (7,500 MT), Costa Rica (7,400 MT), and Barbados (300 MT). |
Weekly Export Details | Exports of 698,600 MT were down 24 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Mexico (394,600 MT), Colombia (84,300 MT), Spain (71,500 MT), Jamaica (28,000 MT), and Panama (25,800 MT). |
Comments and Performance Indicators | Export commitments are 41.7% ahead of a year-ago, compared to 48.2% 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: 380,100 |
Expectations (in MT) | 2024-25: 250,000-550,000 |
Weekly Sales Details | Net sales of 380,100 metric tons (MT) for 2024/2025 were up 1 percent from the previous week, but down 17 percent from the prior 4-week average. Increases primarily for South Korea (89,100 MT, including decreases of 900 MT), Japan (70,600 MT, including decreases of 1,200 MT), the Philippines (66,600 MT, including decreases of 29,400 MT), Thailand (60,500 MT), and Mexico (58,500 MT, including decreases 1,900 MT and 7,800 MT - late), were offset by reductions for unknown destinations (17,500 MT), Panama (6,000 MT), and Venezuela (1,100 MT). |
Weekly Export Details | Exports of 301,300 MT were up 27 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to South Korea (64,100 MT), the Philippines (57,600 MT), Mexico (44,900 MT, including 7,800 MT - late), Taiwan (34,400 MT), and Japan (32,400 MT, including 1,100 MT - late). |
Comments and Performance Indicators | Export commitments are 19.8% ahead of year-ago, compared to 18.4% 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: 1,555,400 |
Expectations (in MT) | 2024-25: 1,000,000-2,200,000 |
Weekly Sales Details | Net sales of 1,555,400 MT for 2024/2025 were down 24 percent from the previous week and from the prior 4-week average. Increases primarily for China (1,181,100 MT, including 570,000 MT switched from unknown destinations, 53,000 MT switched from Mexico, decreases of 13,000 MT, and 50,000 MT-late), Egypt (127,700 MT, including 65,000 MT switched from unknown destinations, decreases of 1,800 MT, and 56,800 MT-late), Spain (121,700 MT, including 66,000 MT switched from unknown destinations), Vietnam (81,400 MT, including 66,000 MT switched from unknown destinations and decreases of 100 MT), and Mexico (80,200 MT, including decreases of 24,900 MT), were offset by reductions for unknown destinations (323,000 MT) and Cambodia (9,000 MT). |
Weekly Export Details | Exports of 2,341,400 MT were down 3 percent from the previous week, but up 2 percent from the prior 4-week average. The destinations were primarily to China (1,611,300 MT), Egypt (231,700 MT, including 56,800 MT-late), Mexico (97,500 MT), Vietnam (84,600 MT), and the Netherlands (69,700 MT). |
Comments and Performance Indicators | Export commitments are running 6.3% ahead of a year-ago, compared to 16.8% 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: 302,400 |
Expectations | 2024-25: 175,000-500,000 |
Weekly Sales Details | Net sales of 302,400 MT for 2024/2025 were down 24 percent from the previous week, but up 19 percent from the prior 4-week average. Increases primarily for Mexico (129,600 MT, including decreases of 1,000 MT), Colombia (62,100 MT, including decreases of 5,200 MT), the Dominican Republic (34,600 MT, including decreases of 1,500 MT), Australia (30,000 MT), and Canada (27,300 MT), were offset by reductions for Austria (30,000 MT), unknown destinations (17,100 MT), Panama (8,000 MT), and Belgium (800 MT). |
Weekly Export Details | Exports of 328,400 MT were down 10 percent from the previous week, but up 15 percent from the prior 4-week average. The destinations were primarily to the Philippines (96,800 MT), Colombia (59,500 MT), Morocco (46,500 MT), Mexico (37,400 MT), and Canada (28,000 MT). |
Comments and Performance Indicators | Export commitments are 5.0% ahead of a year-ago, compared to 2.4% 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: 16,500 |
Expectations (in MT) | 2024-25: 5,000-50,000 |
Weekly Sales Details | Net sales of 16,500 MT for 2024/2025 were down 86 percent from the previous week and 57 percent from the prior 4-week average. Increases primarily for Algeria (10,000 MT), India (4,000 MT), the Dominican Republic (2,000 MT, including decreases of 400 MT), Colombia (800 MT), and Mexico (300 MT), were offset by reductions for Canada (700 MT). |
Weekly Export Details | Exports of 2,000 MT were down 17 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Canada (1,500 MT) and Mexico (400 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: 153,300 |
Weekly Sales Details | Net sales of Upland totaling 153,300 RB for 2024/2025 were down 33 percent from the previous week and 18 percent from the prior 4-week average. Increases were primarily for Turkey (41,500 RB), Pakistan (40,000 RB), China (19,000 RB), Vietnam (18,900 RB, including 200 RB switched from Indonesia and decreases of 2,600 RB), and South Korea (12,200 RB). Total net sales of 1,000 RB for 2025/2026 were for Mexico. |
Weekly Export Details | Exports of 112,000 RB were down 23 percent from the previous week, but up 3 percent from the prior 4-week average. The destinations were primarily to Pakistan (51,000 RB), Mexico (14,000 RB), Vietnam (12,900 RB), Bangladesh (8,300 RB), and El Salvador (3,400 RB). Net sales of Pima totaling 4,900 RB for 2024/2025 were down 60 percent from the previous week and 37 percent from the prior 4-week average. Increases primarily for India (2,300 RB), Vietnam (1,700 RB, including 400 RB switched from Hong Kong), Peru (400 RB), Turkey (400 RB), and Italy (200 RB), were offset by reductions for Hong Kong (400 RB). Exports of 9,500 RB were up 27 percent from the previous week and 15 percent from the prior 4-week average. The destinations were to India (6,700 RB), China (1,600 RB), Thailand (400 RB), Pakistan (400 RB), and Vietnam (400 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 16.7% behind a year ago, compared to 15.0% 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: 14,200 |
Weekly Sales Details | Net sales of 14,200 MT for 2024 were up 78 percent from the previous week and 8 percent from the prior 4-week average. Increases were primarily for Japan (4,300 MT, including decreases of 300 MT), South Korea (2,500 MT, including decreases of 500 MT), Mexico (2,200 MT), China (1,400 MT, including decreases of 200 MT), and Taiwan (1,000 MT, including decreases of 200 MT). Net sales of 1,700 MT for 2025 were primarily for South Korea (700 MT), Canada (500 MT), and Japan (400 MT). |
Weekly Export Details | Exports of 15,800 MT were up 10 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to South Korea (4,600 MT), Japan (3,600 MT), China (2,300 MT), Mexico (1,400 MT), and Taiwan (1,200 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 2.6% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 19,800 |
Weekly Sales Details | Net sales of 19,800 MT for 2024 were down noticeably from the previous week and down 12 percent from the prior 4-week average. Increases primarily for Mexico (9,600 MT, including decreases of 200 MT), Japan (3,900 MT, including decreases of 300 MT), Colombia (2,100 MT, including decreases of 100 MT), Canada (1,200 MT, including decreases of 600 MT), and the Dominican Republic (700 MT), were offset by reductions for China (100 MT). Net sales of 2,400 MT for 2025 were reported for Canada (1,400 MT), Australia (400 MT), Japan (300 MT), Colombia (200 MT), and South Korea (100 MT). |
Weekly Export Details | Exports of 31,100 MT were down 11 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to Mexico (12,600 MT), Japan (3,900 MT), South Korea (2,900 MT), China (2,700 MT), and Colombia (2,200 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.8% from last year. |