| USDA Weekly Export Sales Report Week Ended Jan. 9, 2024 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 1,024,200 |
| Expectations (in MT) | 2024-25: 500,000-1,000,000 |
| Weekly Sales Details | Net sales of 1,024,200 MT for 2024/2025 were up noticeably from the previous week, but unchanged from the prior 4-week average. Increases primarily for Japan (281,300 MT, including 330,400 MT switched from unknown destinations and decreases of 60,700 MT), South Korea (281,200 MT), Mexico (234,400 MT, including decreases of 6,500 MT), Colombia (172,100 MT, including decreases of 11,300 MT), and Spain (148,400 MT, including 132,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (409,400 MT), Indonesia (68,000 MT), and Morocco (300 MT). Total net sales of 200 MT for 2025/2026 were for China. |
| Weekly Export Details | Exports of 1,484,300 MT--a marketing-year high--were up 72 percent from the previous week and 47 percent from the prior 4-week average. The destinations were primarily to Mexico (456,000 MT), Japan (450,100 MT), Spain (147,900 MT), Colombia (89,800 MT), and Taiwan (80,400 MT). |
| Comments and Performance Indicators | Export commitments are 29.6% ahead of a year-ago, compared to 29.6% 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: 513,400 |
| Expectations (in MT) | 2024-25: 150,000-400,000 |
| Weekly Sales Details | Net sales of 513,400 metric tons (MT) for 2024/2025 were up noticeably from the previous week and up 55 percent from the prior 4-week average. Increases primarily for South Korea (131,800 MT), Taiwan (114,700 MT), unknown destinations (55,800 MT), Mexico (43,400 MT, including decreases of 1,300 MT), and Egypt (35,000 MT), were offset by reductions for Barbados (900 MT). Net sales of 8,500 MT for 2025/2026 were reported for Mexico (6,000 MT) and Peru (2,500 MT). |
| Weekly Export Details | Exports of 196,500 MT were down 53 percent from the previous week and 50 percent from the prior 4-week average. The destinations were primarily to Mexico (79,300 MT), Japan (53,900 MT), Nigeria (27,500 MT), Italy (18,200 MT), and the Philippines (13,200 MT). |
| Comments and Performance Indicators | Export commitments are 10.5% 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: 569,100 |
| Expectations (in MT) | 2024-25: 300,000-800,000 |
| Weekly Sales Details | Net sales of 569,100 MT for 2024/2025 were up noticeably from the previous week, but down 27 percent from the prior 4-week average. Increases primarily for China (213,900 MT, including 187,000 MT switched from unknown destinations and decreases of 900 MT), Bangladesh (179,200 MT, including 173,000 MT switched from unknown destinations and decreases of 3,600 MT), Mexico (124,900 MT, including decreases of 1,300 MT), Indonesia (120,300 MT, including 55,000 MT switched from unknown destinations and decreases of 300 MT), and Japan (112,200 MT, including 60,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (648,100 MT). |
| Weekly Export Details | Exports of 1,475,800 MT were down 2 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to China (484,600 MT), Bangladesh (179,200 MT), Taiwan (86,400 MT), Indonesia (81,800 MT), and Spain (71,200 MT). |
| Comments and Performance Indicators | Export commitments are running 10.3% ahead of a year-ago, compared to 10.6% 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: 144,400 |
| Expectations | 2024-25: 150,000-300,000 |
| Weekly Sales Details | Net sales of 144,400 MT for 2024/2025--a marketing-year low-- were unchanged from the previous week, but down 42 percent from the prior 4-week average. Increases primarily for Morocco (33,900 MT, including 32,000 MT switched from unknown destinations), Panama (23,300 MT, including 3,300 MT switched from Colombia), Canada (22,800 MT), Mexico (22,600 MT), and Vietnam (22,500 MT), were offset by reductions for unknown destinations (36,800 MT) and Belgium (3,800 MT). Total net sales of 1,100 MT for 2025/2026 were for Mexico. |
| Weekly Export Details | Exports of 353,100 MT were up 50 percent from the previous week and 22 percent from the prior 4-week average. The destinations were primarily to the Philippines (96,800 MT), Mexico (77,300 MT), Colombia (47,500 MT), Morocco (43,900 MT), and Honduras (25,700 MT). |
| Comments and Performance Indicators | Export commitments are 17.3% ahead of a year-ago, compared to 17.3% 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: 57,200 |
| Expectations (in MT) | 2024-25: 10,000-50,000 |
| Weekly Sales Details | Net sales of 57,200 MT for 2024/2025 were up 65 percent from the previous week and 92 percent from the prior 4-week average. Increases primarily for Venezuela (27,400 MT, including 900 MT switched from unknown destinations), India (14,500 MT), Mexico (4,400 MT), Jamaica (3,500 MT), and the Dominican Republic (3,100 MT, including decreases of 6,000 MT), were offset by reductions for Canada (900 MT) and unknown destinations (900 MT). Total net sales of 100 MT for 2025/2026 were for Mexico. |
| Weekly Export Details | Exports of 38,400 MT were up noticeably from the previous week and up 36 percent from the prior 4-week average. The destinations were primarily to Venezuela (12,900 MT), Colombia (8,600 MT), the Dominican Republic (7,100 MT), Costa Rica (4,000 MT), and Mexico (2,800 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: 316,200 |
| Weekly Sales Details | Net sales of Upland totaling 316,200 RB for 2024/2025 were up noticeably from the previous week and up 71 percent from the prior 4-week average. Increases primarily for Turkey (102,100 RB), Vietnam (79,400 RB, including 1,300 RB switched from South Korea and decreases of 500 RB), Pakistan (56,600 RB), Bangladesh (24,100 RB), and China (18,700 RB), were offset by reductions for Japan (1,100 RB). Total net sales of 1,300 RB for 2025/2026 were for Mexico. |
| Weekly Export Details | Exports of 224,800 RB--a marketing-year high--were up 17 percent from the previous week and 56 percent from the prior 4-week average. The destinations were primarily to Vietnam (84,000 RB), Pakistan (33,800 RB), China (25,000 RB), Turkey (17,700 RB), and Mexico (12,500 RB). Net sales of Pima totaling 2,900 RB for 2024/2025 were down 55 percent from the previous week, but up 5 percent from the prior 4-week average. Increases were reported for Peru (1,000 RB), India (800 RB), Pakistan (600 RB), Turkey (400 RB), and Guatemala (100 RB). Exports of 8,300 RB were unchanged from the previous week, but down 17 percent from the prior 4-week average. The destinations were primarily to India (5,900 RB), Peru (1,700 RB), Thailand (300 RB), and Turkey (200 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 12.8% behind a year ago, compared to 12.8% 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) | 2024: 9,700 |
| Weekly Sales Details | Net sales of 9,700 MT for 2025 primarily for Japan (3,600 MT, including decreases of 300 MT), China (3,500 MT, including decreases of 100 MT), South Korea (800 MT, including decreases of 600 MT), Canada (600 MT), and Taiwan (600 MT, including decreases of 100 MT), were offset by reductions for Mexico (700 MT) and Chile (100 MT). |
| Weekly Export Details | Exports of 14,000 MT were primarily to Japan (3,800 MT), South Korea (3,600 MT), China (2,600 MT), Mexico (1,200 MT), and Taiwan (900 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 2.6% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2024: 30,300 |
| Weekly Sales Details | Net sales of 30,300 MT for 2025 were primarily for Mexico (11,700 MT, including decreases of 500 MT), South Korea (5,000 MT, including decreases of 1,100 MT), Japan (4,100 MT, including decreases of 200 MT), Canada (2,300 MT, including decreases of 600 MT), and the Dominican Republic (2,200 MT). Total net sales of 100 MT for 2026 were for Mexico. |
| Weekly Export Details | Exports of 38,200 MT were primarily to Mexico (16,300 MT), Japan (4,900 MT), China (4,000 MT), South Korea (3,900 MT), and Canada (2,300 MT). |
| Comments and Performance Indicators | USDA projects exports in 2024 will rise 4.2% from last year. |
Weekly corn, wheat sales outpace expectations
Corn sales during the week ended Jan. 9 totaled 1.02 MMT, while exports notched a marketing-year high. Wheat sales topped expectations by more than 100,000 MT.
(Chip Flory)