| USDA Weekly Export Sales Report Week Ended Dec. 19, 2024 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 1,711,300 |
| Expectations (in MT) | 2024-25: 1,000,000-1,600,000 |
| Weekly Sales Details | Net sales of 1,711,300 MT for 2024/2025 were up 46 percent from the previous week and 39 percent from the prior 4-week average. Increases primarily for Mexico (608,900 MT, including 29,000 MT switched from unknown destinations and decreases of 2,300 MT), Colombia (363,900 MT, including decreases of 127,000 MT), Japan (204,800 MT, including 111,600 MT switched from unknown destinations and decreases of 1,200 MT), unknown destinations (163,200 MT), and South Korea (124,400 MT, including 65,000 MT switched from unknown destinations and decreases of 11,600 MT), were offset by reductions for Costa Rica (7,500 MT) and Panama (500 MT). Total net sales of 10,000 MT for 2025/2026 were for Japan. |
| Weekly Export Details | Exports of 1,123,900 MT were up 7 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Japan (319,300 MT), Mexico (291,400 MT), Colombia (160,300 MT), South Korea (132,400 MT), and Guatemala (87,800 MT). |
| Comments and Performance Indicators | Export commitments are 29.2% ahead of a year-ago, compared to 28.9% ahead last week. USDA projects exports in 2024-25 at 2.475 billion bu., 8.0% above the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | 2024-25: 612,400 |
| Expectations (in MT) | 2024-25: 250,000-600,000 |
| Weekly Sales Details | Net sales of 612,400 metric tons (MT) for 2024/2025 were up 34 percent from the previous week and 64 percent from the prior 4-week average. Increases primarily for Mexico (132,400 MT, including decreases of 13,200 MT), Thailand (126,100 MT), Japan (120,500 MT), South Korea (84,200 MT, including decreases of 4,000 MT), and the Philippines (52,100 MT, including decreases of 9,900 MT), were offset by reductions for Trinidad and Tobago (8,200 MT), Honduras (6,900 MT), and Vietnam (900 MT). Total net sales of 12,600 MT for 2025/2026 were for Mexico. |
| Weekly Export Details | Exports of 376,200 MT were down 7 percent from the previous week, but up 11 percent from the prior 4-week average. The destinations were primarily to the Philippines (107,100 MT), Thailand (83,500 MT), Indonesia (74,100 MT), Japan (30,500 MT), and Mexico (29,700 MT). |
| Comments and Performance Indicators | Export commitments are 10.8% ahead of year-ago, compared to 8.7% 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: 978,400 |
| Expectations (in MT) | 2024-25: 1,000,000-1,800,000 |
| Weekly Sales Details | Net sales of 978,400 MT for 2024/2025--a marketing year low--were down 31 percent from the previous week and 47 percent from the prior 4-week average. Increases primarily for China (410,600 MT, including 187,000 MT switched from unknown destinations and decreases of 5,100 MT), Spain (259,500 MT, including 132,000 MT switched from unknown destinations and decreases of 66,000 MT), Egypt (102,600 MT, including 106,000 MT switched from unknown destinations and decreases of 3,400 MT), Taiwan (77,000 MT, including 66,000 MT switched from unknown destinations and decreases of 200 MT), and Mexico (75,700 MT, including 34,000 MT switched from unknown destinations and decreases of 1,000 MT), were offset by reductions for unknown destinations (356,800 MT), Turkey (1,900 MT), Nigeria (100 MT), and the Philippines (100 MT). Net sales of 125,000 MT for 2025/2026 were for unknown destinations (75,000 MT) and Italy (50,000 MT). |
| Weekly Export Details | Exports of 1,573,200 MT were down 7 percent from the previous week and 22 percent from the prior 4-week average. The destinations were primarily to China (682,000 MT), Taiwan (151,300 MT), Spain (138,500 MT), Mexico (137,000 MT), and Egypt (102,600 MT). |
| Comments and Performance Indicators | Export commitments are running 9.9% ahead of a year-ago, compared to 9.7% 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: 389,600 |
| Expectations | 2024-25: 200,000-450,000 |
| Weekly Sales Details | Net sales of 389,600 MT for 2024/2025 were up 49 percent from the previous week and 30 percent from the prior 4-week average. Increases were primarily for Colombia (154,100 MT, including decreases of 13,000 MT), Mexico (67,400 MT, including decreases of 1,200 MT), the Philippines (50,300 MT, including decreases of 5,000 MT), Ecuador (37,100 MT, including 32,000 MT switched from unknown destinations), and Morocco (18,000 MT). Total net sales of 96,000 MT for 2025/2026 were for unknown destinations. |
| Weekly Export Details | Exports of 292,100 MT were down 22 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to the Philippines (50,700 MT), Mexico (50,500 MT), Guatemala (45,700 MT), Ecuador (33,100 MT), and Colombia (32,100 MT). |
| Comments and Performance Indicators | Export commitments are 14.8% ahead of a year-ago, compared to 13.6% 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: 40,400 |
| Expectations (in MT) | 2024-25: 5,000-15,000 |
| Weekly Sales Details | Net sales of 40,400 MT for 2024/2025 were up noticeably from the previous week, but down 25 percent from the prior 4-week average. Increases were primarily for Morocco (18,000 MT), Colombia (5,600 MT), Canada (4,900 MT), Mexico (4,100 MT), and the Dominican Republic (3,700 MT, including decreases of 5,500 MT). |
| Weekly Export Details | Exports of 29,200 MT were up noticeably from the previous week and up 64 percent from the prior 4-week average. The destinations were primarily to Algeria (12,000 MT), Egypt (7,000 MT), the Dominican Republic (3,700 MT), Mexico (3,100 MT), and Colombia (3,000 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: 279,100 |
| Weekly Sales Details | Net sales of Upland totaling 279,100 RB for 2024/2025 were up 43 percent from the previous week and 33 percent from the prior 4-week average. Increases primarily for Turkey (108,700 RB, including decreases of 7,500 RB), Vietnam (104,500 RB, including 400 RB switched from South Korea), Pakistan (41,900 RB, including 8,200 RB switched from China and decreases of 23,000 RB), Bangladesh (8,800 RB), and Indonesia (6,100 RB, including 600 RB switched from Vietnam), were offset by reductions for China (4,300 RB), the United Arab Emirates (500 RB), and South Korea (400 RB). Net sales of 29,500 RB for 2025/2026 were for Pakistan (22,000 RB) and Turkey (7,500 RB). |
| Weekly Export Details | Exports of 140,500 RB were up 9 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to China (33,200 RB), Pakistan (31,900 RB), Vietnam (14,300 RB), Turkey (11,800 RB), and Bangladesh (10,300 RB). Net sales of Pima totaling 2,600 RB for 2024/2025 were up noticeably from the previous week, but down 53 percent from the prior 4-week average. Increases primarily for Colombia (1,700 RB), Thailand (1,500 RB), Peru (900 RB, including decreases of 300 RB), Turkey (800 RB), and Indonesia (400 RB), were offset by reductions for Pakistan (2,200 RB) and India (1,100 RB). Exports of 13,400 RB--a marketing-year high--were up 11 percent from the previous week and 65 percent from the prior 4-week average. The destinations were primarily to Pakistan (6,200 RB), Peru (2,900 RB), India (2,200 RB), China (1,500 RB), and Italy (300 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 11.9% behind a year ago, compared to 11.0% 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: 1,100 |
| Weekly Sales Details | Net sales of 1,100 MT for 2024 were down 85 percent from the previous week and 81 percent from the prior 4-week average. Increases primarily for Japan (1,000 MT, including decreases of 1,000 MT), Mexico (500 MT, including decreases of 100 MT), South Korea (300 MT, including decreases of 1,600 MT), the Netherlands (200 MT), and Guatemala (100 MT), were offset by reductions for China (1,100 MT), Taiwan (200 MT), Indonesia (200 MT), and the United Arab Emirates (100 MT). Net sales of 13,100 MT for 2025 were primarily for South Korea (4,100 MT), China (3,700 MT), Japan (1,600 MT), Taiwan (1,200 MT), and Mexico (700 MT). |
| Weekly Export Details | Exports of 16,500 MT were up 4 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to South Korea (4,500 MT), Japan (3,400 MT), China (3,000 MT), Mexico (1,800 MT), and Taiwan (1,100 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 2.6% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2024: 7,100 |
| Weekly Sales Details | Net sales of 7,100 MT for 2024 were down 37 percent from the previous week and 67 percent from the prior 4-week average. Increases primarily for Japan (2,000 MT, including decreases of 600 MT), Mexico (1,400 MT, including decreases of 500 MT), China (1,400 MT, including decreases of 300 MT), Colombia (1,200 MT, including decreases of 500 MT), and Honduras (600 MT), were offset by reductions for South Korea (200 MT) and Hong Kong (100 MT). Net sales of 39,400 MT for 2025 were primarily for Mexico (21,100 MT), China (6,000 MT), South Korea (4,400 MT), Japan (3,000 MT), and Canada (2,500 MT). |
| Weekly Export Details | Exports of 32,400 MT were up 3 percent from the previous week and from the prior 4-week average. The destinations were primarily to Mexico (13,100 MT), China (3,500 MT), Japan (3,400 MT), South Korea (3,200 MT), and Colombia (2,500 MT). |
| Comments and Performance Indicators | USDA projects exports in 2024 will rise 1.7% from last year. |
Weekly corn, wheat sales surpass expectations; soybeans miss
Weekly corn and wheat sales rose 46% and 34%, respectively, on the week, while soybean sales dipped 31% to a marketing-year low.
(Chip Flory)