USDA Weekly Export Sales Report Week Ended May 2, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 889,200 |
Expectations (in MT) | 2023-24: 600,000-1,100,000 |
Weekly Sales Details | Net sales of 889,200 MT for 2023/2024 were up 17 percent from the previous week and 23 percent from the prior 4-week average. Increases primarily for Mexico (193,400 MT, including decreases of 11,900 MT), Japan (118,200 MT, including 159,300 MT switched from unknown destinations and decreases of 3,300 MT), South Korea (113,600 MT), Colombia (103,700 MT, including 50,000 MT switched from unknown destinations and decreases of 22,400 MT), and Taiwan (70,300 MT), were offset by reductions for unknown destinations (24,500 MT) and Malaysia (500 MT). Net sales of 49,100 MT for 2024/2025 were reported for Mexico (42,200 MT), El Salvador (3,900 MT), and Honduras (3,000 MT). |
Weekly Export Details | Exports of 1,231,200 MT were down 11 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to Mexico (415,600 MT), Japan (336,900 MT), Saudi Arabia (118,500 MT), Colombia (114,900 MT), and China (82,000 MT). |
Comments and Performance Indicators | Export commitments are 24.0% ahead of a year-ago, compared to 22.6% 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: 41,100 |
Expectations (in MT) | 2023-24: (100,000)-100,000 |
Actual Sales (in MT) | 2024-25: 406,000 |
Expectations (in MT) | 2024-25: 200,000-600,000 |
Weekly Sales Details | Net sales of 41,100 metric tons (MT) for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Increases primarily for South Korea (22,000 MT), Brazil (16,500 MT, including 15,000 MT switched from unknown destinations), the Philippines (8,600 MT), Mexico (5,400 MT, including decreases of 3,600 MT), and Canada (4,900 MT), were offset by reductions for unknown destinations (15,000 MT), China (2,700 MT), Honduras (500 MT), and Thailand (100 MT). Net sales of 406,000 MT for 2024/2025 primarily for Mexico (123,200 MT), Panama (121,900 MT), Japan (54,600 MT), unknown destinations (45,000 MT), and Honduras (21,200 MT), were offset by reductions for Vietnam (10,000 MT). |
Weekly Export Details | Exports of 337,500 MT were down 34 percent from the previous week and 39 percent from the prior 4-week average. The destinations were primarily to the Philippines (128,600 MT), Mexico (97,500 MT), China (52,300 MT), South Korea (22,000 MT), and Brazil (16,500 MT). |
Comments and Performance Indicators | Export commitments are running 0.5% behind a year-ago, compared to 0.6% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 428,900 |
Expectations (in MT) | 2023-24: 250,000-600,000 |
Weekly Sales Details | Net sales of 428,900 MT for 2023/2024 were up 4 percent from the previous week and 21 percent from the prior 4-week average. Increases were primarily for unknown destinations (168,800 MT), Egypt (70,800 MT, including 30,000 MT switched from unknown destinations and decreases of 8,200 MT), Turkey (60,000 MT), Algeria (45,000 MT), and China (18,000 MT). Net sales of 4,600 MT for 2024/2025 were reported for Japan (2,600 MT) and Taiwan (2,000 MT). |
Weekly Export Details | Exports of 304,500 MT were up 13 percent from the previous week, but down 27 percent from the prior 4-week average. The destinations were primarily to China (91,500 MT), Egypt (84,800 MT), Mexico (50,200 MT), Indonesia (23,400 MT), and Japan (14,800 MT). |
Comments and Performance Indicators | Export commitments are running 16.7% behind a year-ago, compared to 17.3% 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: 209,300 |
Expectations | 2023-24: 100,000-300,000 |
Weekly Sales Details | Net sales of 209,300 MT for 2023/2024 were up 60 percent from the previous week and 11 percent from the prior 4-week average. Increases primarily for Saudi Arabia (30,000 MT), Algeria (30,000 MT), unknown destinations (19,600 MT), Mexico (18,200 MT, including decreases of 5,700 MT), and the Philippines (17,000 MT), were offset by reductions primarily for Guatemala (6,100 MT), Trinidad and Tobago (2,000 MT), Burma (500 MT), Nepal (400 MT), and Indonesia (300 MT). Net sales of 19,200 MT for 2024/2025 were reported for Canada (16,800 MT) and the Philippines (2,400 MT). |
Weekly Export Details | Exports of 235,000 MT were down 21 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to the Philippines (99,000 MT), Venezuela (39,200 MT), Colombia (19,800 MT), Canada (19,700 MT), and Mexico (18,500 MT). |
Comments and Performance Indicators | Export commitments are 13.4% ahead of a year-ago, compared to 14.5% ahead last week. USDA projects exports in 2023-24 will increase 7.7% from the previous marketing year in 2022-23. |
Soyoil | |
Actual Sales (in MT) | 2023-24: 11,600 |
Expectations | 2023-24: (5,000)-12,000 |
Weekly Sales Details | Net sales of 11,600 MT for 2023/2024 were up 61 percent from the previous week and 66 percent from the prior 4-week average. Increases were reported for Jamaica (7,000 MT), Canada (3,800 MT), and Mexico (800 MT). Total net sales of 4,600 MT for 2024/2025 were for Canada. |
Weekly Export Details | Exports of 1,900 MT were down 18 percent from the previous week and 8 percent from the prior 4-week average. The destinations were to Mexico (1,300 MT) and Canada (600 MT). |
Comments and Performance Indicators | Export commitments are running 4.4% behind a year-ago, compared 5.2% behind a year ago last week. USDA projects exports will decrease 7.4% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 253,700 |
Weekly Sales Details | Net sales of Upland totaling 253,700 RB for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for China (119,000 RB, including decreases of 2,000 RB), Pakistan (36,300 RB), Vietnam (27,500 RB, including 1,800 RB switched from South Korea), Turkey (21,500 RB, including decreases of 400 RB), and Indonesia (19,600 RB, including 100 RB switched from Japan and decreases of 2,100 RB), were offset by reductions for South Korea (500 RB). Net sales of 158,900 RB for 2024/2025 were primarily for Honduras (44,600 RB), South Korea (31,700 RB), Mexico (28,500 RB), Pakistan (22,000 RB), and Bangladesh (9,900 RB). |
Weekly Export Details | Exports of 249,600 RB were up 39 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to China (102,300 RB), Turkey (50,900 RB), Pakistan (20,400 RB), Bangladesh (18,100 RB), and Vietnam (13,300 RB). Net sales of Pima totaling 5,600 RB for 2023/2024 were up 22 percent from the previous week, but down 19 percent from the prior 4-week average. Increases primarily for India (2,100 RB), Peru (1,700 RB), China (900 RB), Thailand (400 RB), and Vietnam (400 RB), were offset by reductions for Guatemala (100 RB). Exports of 8,200 RB were up 80 percent from the previous week, but down 10 percent from the prior 4-week average. The destinations were primarily to China (4,000 RB), India (1,800 RB), Vietnam (1,300 RB), Turkey (500 RB), and Pakistan (300 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.8% behind a year ago, compared to 7.0% 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: 12,300 |
Weekly Sales Details | Net sales of 12,300 MT for 2024 were down 45 percent from the previous week and 29 percent from the prior 4-week average. Increases were primarily for Japan (4,400 MT, including decreases of 400 MT), South Korea (1,900 MT, including decreases of 300 MT), Mexico (1,700 MT, including decreases of 100 MT), Taiwan (900 MT, including decreases of 100 MT), and Canada (600 MT). |
Weekly Export Details | Exports of 16,200 MT were up 11 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to South Korea (4,200 MT), Japan (3,600 MT), China (2,700 MT), Mexico (1,600 MT), and Taiwan (1,400 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 8.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 24,400 |
Weekly Sales Details | Net sales of 24,400 MT for 2024 were down 27 percent from the previous week and 26 percent from the prior 4-week average. Increases were primarily for China (6,900 MT), Japan (3,900 MT, including decreases of 300 MT), Canada (3,700 MT, including decreases of 600 MT), Mexico (2,600 MT, including decreases of 200 MT), and Colombia (2,100 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 35,000 MT were down 3 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to Mexico (12,900 MT), South Korea (5,400 MT), Japan (5,000 MT), China (3,300 MT), and Canada (1,800 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 7.7% from last year. |