USDA Weekly Export Sales Report Week Ended Oct. 24, 2024 | |
Corn | |
Actual Sales (in MT) | 2024-25: 2,341,700 |
Expectations (in MT) | 2024-25: 1,800,000-3,500,000 |
Weekly Sales Details | Net sales of 2,341,700 MT for 2024/2025 were down 35 percent from the previous week, but up 7 percent from the prior 4-week average. Increases primarily for unknown destinations (771,300 MT), Mexico (596,000 MT, including decreases of 7,500 MT), Japan (541,200 MT, including 40,200 MT switched from unknown destinations), Colombia (127,900 MT, including 21,000 MT switched from Panama and decreases of 6,800 MT), and Guatemala (107,500 MT, including 71,000 MT switched from unknown destinations, 1,100 MT switched from Honduras, and decreases of 2,000 MT), were offset by reductions for Panama (21,000 MT) and Ireland (200 MT). |
Weekly Export Details | Exports of 788,000 MT were down 21 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Mexico (352,300 MT), Colombia (249,900 MT), Guatemala (88,300 MT), Japan (40,200 MT), and the United Kingdom (23,000 MT). |
Comments and Performance Indicators | Export commitments are 41.3% ahead of a year-ago, compared to 34.0% 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: 411,400 |
Expectations (in MT) | 2024-25: 300,000-600,000 |
Weekly Sales Details | Net sales of 411,400 metric tons (MT) for 2024/2025 were down 23 percent from the previous week and 14 percent from the prior 4-week average. Increases primarily for Mexico (169,900 MT, including decreases of 15,400 MT), the Philippines (79,500 MT), Indonesia (60,400 MT), Japan (40,900 MT), and Ecuador (30,000 MT switched from Panama), were offset by reductions for unknown destinations (61,500 MT) and Panama (30,000 MT). |
Weekly Export Details | Exports of 244,400 MT--a marketing-year low--were down 12 percent from the previous week and 37 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,500 MT), Ecuador (30,000 MT), Nigeria (29,700 MT), Mexico (27,700 MT), and Honduras (22,400 MT). |
Comments and Performance Indicators | Export commitments are 18.8% ahead of year-ago, compared to 18.0% 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: 2,273,300 |
Expectations (in MT) | 2024-25: 1,600,000-2,800,000 |
Weekly Sales Details | Net sales of 2,273,300 MT for 2024/2025 were up 6 percent from the previous week and 39 percent from the prior 4-week average. Increases primarily for China (715,000 MT, including 230,000 MT switched from unknown destinations and decreases of 17,500 MT), unknown destinations (446,900 MT), Mexico (299,300 MT, including decreases of 3,100 MT), the Netherlands (159,100 MT, including 147,000 MT switched from unknown destinations and decreases of 200 MT), and Italy (108,000 MT, including 55,000 MT switched from China), were offset by reductions for Panama (6,000 MT). |
Weekly Export Details | Exports of 2,445,200 MT were unchanged from the previous week, but up 45 percent from the prior 4-week average. The destinations were primarily to China (1,529,600 MT), Mexico (216,300 MT), the Netherlands (159,100 MT), Taiwan (82,300 MT), and Switzerland (70,500 MT). |
Comments and Performance Indicators | Export commitments are running 13.4% ahead of a year-ago, compared to 8.3% behind last week. USDA projects exports in 2024-25 at 1.850 billion bu., up 8.8% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2024-25: 208,400 |
Expectations | 2024-25: 100,000-350,000 |
Weekly Sales Details | Net sales of 208,400 MT for 2024/2025 primarily for Colombia (50,300 MT, including 20,000 MT switched from unknown destinations, 7,000 MT switched from Panama, and decreases of 7,800 MT), Canada (39,900 MT, including decreases of 2,700 MT), Ecuador (33,400 MT, including 32,000 MT switched from unknown destinations), the Dominican Republic (28,000 MT, including decreases of 4,000 MT), and Mexico (25,400 MT, including decreases of 14,400 MT), were offset by reductions for unknown destinations (52,200 MT), Panama (10,900 MT), and Nepal (2,700 MT). Total net sales of 100 MT for 2025/2026 were for Canada. |
Weekly Export Details | Exports of 300,500 MT were primarily to Colombia (71,000 MT), Vietnam (53,500 MT), the Philippines (48,100 MT), Mexico (41,300 MT), and Ecuador (33,400 MT). |
Comments and Performance Indicators | Export commitments are 1.2% behind a year-ago, compared to 3.5% ahead last week. USDA projects exports in 2023-24 will increase 10.0% from the previous marketing year in 2023-24. |
Soyoil | |
Actual Sales (in MT) | 2024-25: 10,400 |
Expectations (in MT) | 2024-25: 0-30,000 |
Weekly Sales Details | Net sales of 10,400 MT for 2024/2025 were primarily for the Dominican Republic (3,000 MT, including decreases of 4,500 MT), Canada (2,200 MT), Mexico (2,100 MT), Colombia (2,000 MT), and Barbados (1,000 MT). |
Weekly Export Details | Exports of 2,900 MT were primarily to Canada (2,200 MT), Mexico (500 MT), and Saudi Arabia (100 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: 189,400 |
Weekly Sales Details | Net sales of Upland totaling 189,400 RB for 2024/2025 were up 12 percent from the previous week and 47 percent from the prior 4-week average. Increases were primarily for Vietnam (91,200 RB), China (32,600 RB), Pakistan (24,000 RB), Nicaragua (15,300 RB, including 6,600 RB switched from Vietnam), and Mexico (9,100 RB, including decreases of 500 RB). |
Weekly Export Details | Exports of 134,300 RB were up 37 percent from the previous week and 50 percent from the prior 4-week average. The destinations were primarily to Pakistan (50,300 RB), Mexico (19,500 RB), India (12,800 RB), Vietnam (8,300 RB), and Nicaragua (7,800 RB). Net sales of Pima totaling 11,500 RB for 2024/2025 were up noticeably from the previous week and up 81 percent from the prior 4-week average. Increases were primarily for India (8,900 RB), China (1,900 RB), Italy (300 RB), Turkey (200 RB), and Pakistan (200 RB). Exports of 9,200 RB were up noticeably from the previous week and up 25 percent from the prior 4-week average. The destinations were to India (7,100 RB), Peru (1,000 RB), China (1,000 RB), and Thailand (100 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 13.4% behind a year ago, compared to 10.0% 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: 13,900 |
Weekly Sales Details | Net sales of 13,900 MT for 2024 were down 17 percent from the previous week and from the prior 4-week average. Increases were primarily for South Korea (4,900 MT, including decreases of 300 MT), China (3,200 MT, including decreases of 200 MT), Japan (2,500 MT, including decreases of 200 MT), Taiwan (1,000 MT, including decreases of 200 MT), and Mexico (700 MT, including decreases of 100 MT). Net sales of 5,700 MT for 2025 were primarily for Japan (3,700 MT) and South Korea (1,800 MT). |
Weekly Export Details | Exports of 15,700 MT were down 2 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to South Korea (4,800 MT), Japan (2,900 MT), China (2,400 MT), Mexico (1,600 MT), and Taiwan (1,200 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 3.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 44,800 |
Weekly Sales Details | Net sales of 44,800 MT for 2024 were up noticeably from the previous week and up 16 percent from the prior 4-week average. Increases were primarily for Mexico (17,700 MT, including decreases of 200 MT), China (10,400 MT), Japan (4,800 MT, including decreases of 200 MT), South Korea (3,800 MT, including decreases of 500 MT), and Canada (2,900 MT, including decreases of 700 MT). Net sales of 200 MT for 2025 were primarily for New Zealand. |
Weekly Export Details | Exports of 32,300 MT were up 1 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Mexico (11,400 MT), Japan (4,100 MT), China (3,600 MT), South Korea (2,900 MT), and Colombia (2,700 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.4% from last year. |