| USDA Weekly Export Sales Report Week Ended Feb. 20, 2025 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 794,700 |
| Expectations (in MT) | 2024-25: 900,000-1,650,000 |
| Weekly Sales Details | Net sales of 794,700 MT for 2024/2025 were down 45 percent from the previous week and 47 percent from the prior 4-week average. Increases primarily for Mexico (378,800 MT, including 86,000 MT switched from unknown destinations, 45,000 MT switched from Spain, and decreases of 1,500 MT), Colombia (184,300 MT, including 75,000 MT switched from unknown destinations and decreases of 21,900 MT), Japan (171,200 MT, including 120,000 MT switched from unknown destinations and decreases of 3,000 MT), South Korea (66,000 MT), and the Dominican Republic (38,700 MT, including 30,500 MT switched from Colombia and decreases of 2,300 MT), were offset by reductions for unknown destinations (134,000 MT), Spain (37,500 MT), and Malaysia (100 MT). Total net sales of 128,000 MT for 2025/2026 were for Japan. |
| Weekly Export Details | Exports of 1,321,900 MT were down 18 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Mexico (391,400 MT), Colombia (317,700 MT), Japan (191,200 MT), Taiwan (69,800 MT), and Vietnam (64,300 MT). |
| Comments and Performance Indicators | Export commitments are 27.7% ahead of a year-ago, compared to 29.3% 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: 269,000 |
| Expectations (in MT) | 2024-25: 300,000-600,000 |
| Weekly Sales Details | Net sales of 269,000 metric tons (MT) for 2024/2025 were down 50 percent from the previous week and 46 percent from the prior 4-week average. Increases primarily for Taiwan (103,400 MT), Mexico (95,500 MT, including decreases of 500 MT), Japan (37,400 MT), Nigeria (33,000 MT, including 32,000 MT switched from unknown destinations), and Colombia (30,800 MT, including 18,000 MT switched from unknown destinations and decreases of 100 MT), were offset by reductions primarily for unknown destinations (102,300 MT). Total net sales of 5,000 MT for 2025/2026 were for Colombia. |
| Weekly Export Details | Exports of 378,700 MT were up 63 percent from the previous week, but down 9 percent from the prior 4-week average. The destinations were primarily to Mexico (102,500 MT), South Korea (62,800 MT), Nigeria (33,000 MT), Japan (31,400 MT), and Colombia (29,200 MT). |
| Comments and Performance Indicators | Export commitments are 10.0% ahead of year-ago, compared to 10.5% ahead last week. USDA projects exports in 2024-25 exports are projected at 850 million bu., up 20.2% from last year. |
| Soybeans | |
| Actual Sales (in MT) | 2024-25: 410,900 |
| Expectations (in MT) | 2024-25: 200,000-600,000 |
| Weekly Sales Details | Net sales of 410,900 MT for 2024/2025 were down 14 percent from the previous week, but up 10 percent from the prior 4-week average. Increases primarily for China (202,200 MT, including 136,000 MT switched from unknown destinations and decreases of 8,800 MT), Egypt (172,500 MT, including 55,000 MT switched from unknown destinations), Mexico (85,900 MT, including 40,000 MT switched from unknown destinations and decreases of 21,500 MT), Algeria (45,900 MT, including 45,000 MT switched from unknown destinations), and Libya (27,500 MT), were offset by reductions for unknown destinations (215,600 MT), Italy (3,000 MT), and Venezuela (1,600 MT). Total net sales of 3,600 MT for 2025/2026 were for Japan. |
| Weekly Export Details | Exports of 971,800 MT were up 31 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to China (487,100 MT), Mexico (153,400 MT), Japan (73,300 MT), Egypt (57,500 MT), and Italy (50,000 MT). |
| Comments and Performance Indicators | Export commitments are running 14.1% ahead of a year-ago, compared to 12.4% 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: 176,500 |
| Expectations | 2024-25: 200,000-500,000 |
| Weekly Sales Details | Net sales of 176,500 MT for 2024/2025 were down 44 percent from the previous week and 56 percent from the prior 4-week average. Increases primarily for the Philippines (102,400 MT, including 90,000 MT switched from unknown destinations), Colombia (23,800 MT, including 20,000 MT switched from Venezuela and decreases of 6,500 MT), Mexico (22,000 MT), Vietnam (21,900 MT, including decreases of 1,000 MT), and Panama (20,000 MT, including 2,100 MT switched from Colombia and decreases of 400 MT), were offset by reductions for unknown destinations (46,200 MT) and Venezuela (11,900 MT). Total net sales of 200 MT for 2025/2026 were for Canada. |
| Weekly Export Details | Exports of 356,200 MT were up 51 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to the Philippines (193,100 MT), Colombia (68,300 MT), Mexico (18,900 MT), Canada (18,400 MT), and Panama (11,700 MT). |
| Comments and Performance Indicators | Export commitments are 11.9% ahead of a year-ago, compared to 15.6% 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: 18,400 |
| Expectations (in MT) | 2024-25: 0-25,000 |
| Weekly Sales Details | Net sales of 18,400 MT for 2024/2025 were down 5 percent from the previous week, but up noticeably from the prior 4-week average. Increases were primarily for Colombia (8,000 MT), Mexico (3,700 MT, including decreases of 3,000 MT), Jamaica (3,500 MT), Guatemala (1,000 MT), and Venezuela (1,000 MT, including decreases of 1,100 MT). |
| Weekly Export Details | Exports of 14,900 MT were down 63 percent from the previous week and 74 percent from the prior 4-week average. The destinations were primarily to Mexico (8,100 MT), Venezuela (5,000 MT), and Guatemala (1,000 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: 166,900 |
| Weekly Sales Details | Net sales of Upland totaling 166,900 RB for 2024/2025 were down 47 percent from the previous week and 35 percent from the prior 4-week average. Increases primarily for Vietnam (43,000 RB, including 1,100 RB switched from Hong Kong, 500 RB switched from South Korea, 100 RB switched from Japan, and decreases of 5,300 RB), China (31,100 RB), Turkey (26,700 RB), Pakistan (21,200 RB, including decreases of 2,300 RB), and Peru (13,500 RB), were offset by reductions for Costa Rica (2,600 RB) and South Korea (500 RB). Net sales of 32,600 RB for 2025/2026 were primarily for Turkey (13,200 RB), Honduras (8,800 RB), Vietnam (4,800 RB), Costa Rica (2,600 RB), and Peru (2,500 RB). |
| Weekly Export Details | Exports of 267,500 RB were down 10 percent from the previous week, but up 15 percent from the prior 4-week average. The destinations were primarily to Vietnam (80,300 RB), Pakistan (52,700 RB), India (25,000 RB), Turkey (24,100 RB), and China (15,100 RB). Net sales of Pima totaling 22,000 RB for 2024/2025 were up 27 percent from the previous week and up noticeably from the prior 4-week average. Increases were primarily for India (7,400 RB), Vietnam (6,800 RB), China (5,000 RB), and Peru (2,200 RB). Exports of 10,100 RB were up 56 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to India (6,700 RB), Pakistan (1,500 RB), Peru (1,100 RB), Colombia (300 RB), and Italy (200 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 8.3% behind a year ago, compared to 9.5% 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: 18,200 |
| Weekly Sales Details | Net sales of 18,200 MT for 2025 were down 15 percent from the previous week, but up 4 percent from the prior 4-week average. Increases were primarily for South Korea (8,600 MT, including decreases of 400 MT), Japan (2,500 MT, including decreases of 200 MT), China (1,800 MT, including decreases of 100 MT), Mexico (1,700 MT, including decreases of 100 MT), and Taiwan (1,000 MT, including decreases of 100 MT). |
| Weekly Export Details | Exports of 14,700 MT were up 4 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to South Korea (4,000 MT), Japan (3,600 MT), China (2,100 MT), Mexico (1,600 MT), and Taiwan (1,000 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 6.9% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2025: 32,200 |
| Weekly Sales Details | Net sales of 32,200 MT for 2025 were up 26 percent from the previous week, but unchanged from the prior 4-week average. Increases were primarily for Mexico (13,300 MT, including decreases of 300 MT), Japan (3,500 MT, including decreases of 200 MT), China (2,800 MT, including decreases of 100 MT), Colombia (2,800 MT, including decreases of 100 MT), and Canada (2,100 MT, including decreases of 900 MT). |
| Weekly Export Details | Exports of 34,100 MT were up 14 percent from the previous week and 8 percent from the prior 4- week average. The destinations were primarily to Mexico (12,900 MT), Japan (4,400 MT), South Korea (4,100 MT), China (4,000 MT), and Colombia (2,300 MT). |
| Comments and Performance Indicators | USDA projects exports in 2025 will rise 2.5% from last year. |
Weekly corn, wheat sales fall short of expectations
Corn sales during the week ended Feb. 20 totaled 794,700 MT, down 45% from the previous week, while wheat sales were down 50% at 269,900 MT.
(Chip Flory)