USDA Weekly Export Sales Report Week Ended July 11, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 437,800 |
Expectations (in MT) | 2023-24: 500,000-800,000 |
Actual Sales (in MT) | 2024-25: 485,700 |
Expectations (in MT) | 2024-25: 25,000-400,000 |
Weekly Sales Details | Net sales of 437,800 MT for 2023/2024 were down 19 percent from the previous week and 10 percent from the prior 4-week average. Increases primarily for Japan (191,200 MT, including 195,100 MT switched from unknown destinations and decreases of 8,500 MT), Mexico (129,400 MT, including 51,000 MT switched from unknown destinations and decreases of 8,500 MT), Colombia (102,000 MT, including 10,000 MT switched from unknown destinations), Saudi Arabia (60,000 MT), and Portugal (55,000 MT), were offset by reductions for unknown destinations (195,100 MT), Costa Rica (10,800 MT), El Salvador (1,000 MT), and Honduras (600 MT). Net sales of 485,700 MT for 2024/2025 were primarily for unknown destinations (201,600 MT), Mexico (118,100 MT), Colombia (62,500 MT), Panama (48,500 MT), and El Salvador (29,000 MT). |
Weekly Export Details | Exports of 1,103,800 MT were up 26 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to Mexico (474,000 MT), Japan (229,200 MT), Taiwan (130,600 MT), South Korea (88,200 MT), and Colombia (67,800 MT). |
Comments and Performance Indicators | Export commitments are 37.7% ahead of a year-ago, compared to 37.3% ahead last week. USDA projects exports in 2023-24 at 2.225 billion bu., 33.9% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2024-25: 578,500 |
Expectations (in MT) | 2024-25: 225,000-600,000 |
Weekly Sales Details | Net sales of 578,500 metric tons (MT) for 2024/2025 were up noticeably from the previous week and up 1 percent from the prior 4-week average. Increases primarily for South Korea (119,000 MT, including decreases of 1,000 MT), Mexico (92,700 MT, including 30,000 MT switched from unknown destinations and decreases of 5,100 MT), China (72,300 MT, including 65,000 MT switched from unknown destinations), Indonesia (70,000 MT), and Italy (61,000 MT), were offset by reductions for unknown destinations (92,500 MT). |
Weekly Export Details | Exports of 630,900 MT were up noticeably from the previous week and up 96 percent from the prior 4-week average. The destinations were primarily to Mexico (140,100 MT), South Korea (119,000 MT), Taiwan (97,300 MT), China (67,300 MT), and Peru (58,800 MT). |
Comments and Performance Indicators | Export commitments are 48.8% ahead of year-ago, compared to 42.3% ahead last week. USDA projects exports in 2024-25 exports are projected at 825 million bu. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 360,100 |
Expectations (in MT) | 2023-24: 150,000-600,000 |
Actual Sales (in MT) | 2024-25: 375,000 |
Expectations (in MT) | 2024-25: 50,000-400,000 |
Weekly Sales Details | Net sales of 360,100 MT for 2023/2024 were up 73 percent from the previous week and 13 percent from the prior 4-week average. Increases primarily for China (137,000 MT), Egypt (92,000 MT), Japan (35,200 MT, including 10,200 MT switched from unknown destinations), South Korea (25,900 MT, including 25,000 MT switched from unknown destinations), and unknown destinations (24,000 MT), were offset by reductions for Venezuela (5,000 MT), Mexico (3,900 MT), and Colombia (2,000 MT). Net sales of 375,000 MT for 2024/2025 were primarily for unknown destinations (191,000 MT), Mexico (140,500 MT), Indonesia (17,500 MT), China (10,000 MT), and Panama (5,800 MT). |
Weekly Export Details | Exports of 200,800 MT were down 25 percent from the previous week and 38 percent from the prior 4-week average. The destinations were primarily to Mexico (75,900 MT), Indonesia (39,200 MT), South Korea (27,000 MT), Japan (23,500 MT), and Vietnam (9,000 MT). |
Comments and Performance Indicators | Export commitments are running 13.7% behind a year-ago, compared to 14.3% behind last week. USDA projects exports in 2023-24 at 1.700 billion bu., down 14.1% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2023-24: 209,300 |
Expectations | 2023-24: 80,000-350,000 |
Actual Sales (in MT) | 2024-25: 99,400 |
Expectations | 2024-25: 0-150,000 |
Weekly Sales Details | Net sales of 209,300 MT for 2023/2024 were up noticeably from the previous week and up 26 percent from the prior 4-week average. Increases primarily for Mexico (75,600 MT), Venezuela (50,000 MT), Colombia (39,000 MT), Indonesia (10,500 MT), and Sri Lanka (10,400 MT, including decreases of 2,000 MT), were offset by reductions for Honduras (2,400 MT), Belgium (1,800 MT), and unknown destinations (1,000 MT). Net sales of 99,400 MT for 2024/2025 were primarily for Canada (36,600 MT), Honduras (30,900 MT), Panama (17,700 MT), Mexico (6,100 MT), and Costa Rica (3,000 MT). |
Weekly Export Details | Exports of 165,600 MT were down 39 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to the Philippines (50,000 MT), Mexico (48,300 MT), Canada (25,800 MT), Guatemala (8,600 MT), and Panama (8,200 MT). |
Comments and Performance Indicators | Export commitments are 10.5% ahead of a year-ago, compared to 11.3% ahead last week. USDA projects exports in 2023-24 will increase 10.0% from the previous marketing year in 2022-23. |
Soyoil | |
Actual Sales (in MT) | 2023-24: 3,300 |
Expectations | 2023-24: 0-15,000 |
Actual Sales (in MT) | 2024-25: 14,900 |
Expectations | 2024-25: 0-10,000 |
Weekly Sales Details | Net sales of 3,300 MT for 2023/2024 were down 66 percent from the previous week and 64 percent from the prior 4-week average. Increases reported for Mexico (4,000 MT), were offset by reductions for Canada (700 MT). Total net sales of 14,900 MT for 2024/2025 were for Mexico. |
Weekly Export Details | Exports of 6,500 MT were down 43 percent from the previous week and 45 percent from the prior 4-week average. The destinations were primarily to Mexico (5,500 MT) and Canada (600 MT). |
Comments and Performance Indicators | Export commitments are running 63.1% ahead of a year-ago, compared 59.4% ahead last week. USDA projects exports will increase 45.5% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 27,200 |
Weekly Sales Details | Net sales of Upland totaling 27,200 RB for 2023/2024--a marketing-year low-- were down 50 percent from the previous week and 76 percent from the prior 4-week average. Increases primarily for Vietnam (6,800 RB, including 600 RB switched from South Korea), China (5,600 RB), Pakistan (5,500 RB), Turkey (4,600 RB, including decreases of 3,700 RB), and Nicaragua (4,400 RB), were offset by reductions for Malaysia (4,000 RB) and South Korea (3,300 RB). Net sales of 165,600 RB for 2024/2025 were primarily for China (32,100 RB), Malaysia (31,700 RB), Pakistan (21,700 RB), India (20,300 RB), and Turkey (13,200 RB). |
Weekly Export Details | Exports of 113,100 RB were down 30 percent from the previous week and 33 percent from the prior 4-week average. The destinations were primarily to China (34,400 RB), Pakistan (13,700 RB), Vietnam (11,900 RB), Mexico (11,200 RB), and Bangladesh (9,200 RB). Net sales of Pima totaling 3,800 RB for 2023/2024 were down 4 percent from the previous week and 20 percent from the prior 4- week average. Increases primarily for India (2,900 RB, including decreases of 400 RB), Thailand (400 RB), Vietnam (300 RB), Peru (300 RB), and South Korea (200 RB), were offset by reductions for Italy (400 RB). Total net sales of 2,100 RB for 2024/2025 were for Peru. Exports of 4,300 RB were up noticeably from the previous week, but down 21 percent from the prior 4-week average. The destinations were primarily to India (2,900 RB), Thailand (400 RB), Pakistan (300 RB), Peru (300 RB), and South Korea (200 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.9% behind a year ago, compared to 6.6% behind last week. USDA forecasts total cotton exports will fall 9.2% from a year ago to 11.60 million bales in 2023-24. |
Beef | |
Actual Sales (in MT) | 2024: 15,400 |
Weekly Sales Details | Net sales of 15,400 MT for 2024 were up 85 percent from the previous week and 11 percent from the prior 4-week average. Increases were primarily for China (4,700 MT, including decreases of 100 MT), Mexico (2,700 MT, including decreases of 900 MT), Japan (2,700 MT, including decreases of 500 MT), South Korea (1,300 MT, including decreases of 500 MT), and Indonesia (1,200 MT). Total net sales of 100 MT for 2025 were for South Korea. |
Weekly Export Details | Exports of 15,600 MT were up 9 percent from the previous week, but down 2 percent from the prior 4-week average. The destinations were primarily to South Korea (4,100 MT), Japan (3,700 MT), China (2,300 MT), Taiwan (1,400 MT), and Mexico (1,400 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 4.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 23,700 |
Weekly Sales Details | Net sales of 23,700 MT for 2024 were down 11 percent from the previous week and 35 percent from the prior 4-week average. Increases were primarily for Mexico (8,500 MT, including decreases of 600 MT), Japan (3,000 MT, including decreases of 300 MT), China (2,800 MT, including decreases of 100 MT), Colombia (2,100 MT, including decreases of 100 MT), and South Korea (1,900 MT, including decreases of 200 MT). |
Weekly Export Details | Exports of 31,900 MT were down 2 percent from the previous week, but up 7 percent from the prior 4-week average. The destinations were primarily to Mexico (14,100 MT), Japan (4,600 MT), China (3,100 MT), South Korea (2,200 MT), and Canada (1,800 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.2% from last year. |