| USDA Weekly Export Sales Report Week Ended Dec. 26, 2024 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 777,000 |
| Expectations (in MT) | 2024-25: 800,000-1,400,000 |
| Weekly Sales Details | Net sales of 777,000 MT for 2024/2025 were down 55 percent from the previous week and 44 percent from the prior 4-week average. Increases primarily for Mexico (292,500 MT, including 81,000 MT switched from unknown destinations and decreases 6,400 MT), Japan (179,100 MT, including 76,000 MT switched from unknown destinations and decreases of 3,600 MT), Colombia (160,000 MT, including 50,000 MT switched from unknown destinations and decreases of 500 MT), Costa Rica (97,400 MT, including 27,200 MT switched from unknown destinations and decreases of 700 MT), and South Korea (63,200 MT, including 60,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (99,900 MT), Panama (18,500 MT), the Leeward Windward Islands (2,700 MT), and Honduras (800 MT). |
| Weekly Export Details | Exports of 1,002,500 MT were down 11 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to Mexico (353,900 MT), Colombia (197,100 MT), Japan (191,300 MT), South Korea (63,200 MT), and Honduras (48,500 MT). |
| Comments and Performance Indicators | Export commitments are 30.3% ahead of a year-ago, compared to 29.2% 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: 140,600 |
| Expectations (in MT) | 2024-25: 200,000-500,000 |
| Weekly Sales Details | Net sales of 140,600 metric tons (MT) for 2024/2025--a marketing-year low-- were down 77 percent from the previous week and 68 percent from the prior 4-week average. Increases primarily for South Korea (35,900 MT), Thailand (29,700 MT), Nigeria (27,500 MT, including 25,000 MT switched from unknown destinations), Honduras (24,100 MT, including decreases of 6,900 MT), and Haiti (19,100 MT, including 11,000 MT switched from the French West Indies), were offset by reductions for Mexico (18,100 MT) and the French West Indies (11,000 MT). |
| Weekly Export Details | Exports of 381,900 MT were up 2 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to South Korea (85,900 MT), Mexico (76,800 MT), Thailand (66,900 MT), Italy (40,200 MT), and Taiwan (32,300 MT). |
| Comments and Performance Indicators | Export commitments are 10.7% ahead of year-ago, compared to 10.8% 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: 484,700 |
| Expectations (in MT) | 2024-25: 500,000-1,200,000 |
| Weekly Sales Details | Net sales of 484,700 MT for 2024/2025--a marketing year low--were down 51 percent from the previous week and 67 percent from the prior 4-week average. Increases primarily for China (617,700 MT, including 316,000 MT switched from unknown destinations and decreases of 200 MT), the Republic of South Africa (99,500 MT, including 100,000 MT switched from unknown destinations and decreases of 5,500 MT), Spain (80,100 MT, including 66,000 MT switched from unknown destinations and decreases of 800 MT), the Netherlands (76,600 MT, including 70,700 MT switched from unknown destinations), and Turkey (72,300 MT, including 60,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (667,300 MT) and Egypt (900 MT). |
| Weekly Export Details | Exports of 1,704,100 MT were up 8 percent from the previous week, but down 10 percent from the prior 4-week average. The destinations were primarily to China (751,900 MT), Egypt (219,100 MT), Turkey (136,800 MT), Spain (130,100 MT), and Mexico (124,000 MT). |
| Comments and Performance Indicators | Export commitments are running 10.6% ahead of a year-ago, compared to 9.9% 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: 203,800 |
| Expectations | 2024-25: 150,000-350,000 |
| Weekly Sales Details | Net sales of 203,800 MT for 2024/2025 were down 48 percent from the previous week and 26 percent from the prior 4-week average. Increases primarily for Mexico (76,700 MT, including decreases of 3,300 MT), the Philippines (48,300 MT), New Zealand (30,000 MT switched from unknown destinations), Costa Rica (21,700 MT), and Panama (19,000 MT), were offset by reductions for unknown destinations (27,900 MT), Venezuela (6,000 MT), the Leeward and Windward Islands (800 MT), and Vietnam (200 MT). |
| Weekly Export Details | Exports of 251,700 MT were down 14 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to the Philippines (93,300 MT), Colombia (62,100 MT), Mexico (46,000 MT), Guatemala (16,600 MT), and Canada (11,800 MT). |
| Comments and Performance Indicators | Export commitments are % ahead of a year-ago, compared to 14.8% 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: 38,100 |
| Expectations (in MT) | 2024-25: 5,000-30,000 |
| Weekly Sales Details | Net sales of 38,100 MT for 2024/2025 were down 6 percent from the previous week, but up 18 percent from the prior 4-week average. Increases primarily for India (17,000 MT), Colombia (8,300 MT), South Korea (6,000 MT), the Dominican Republic (5,400 MT, including decreases of 1,500 MT), and Mexico (1,600 MT, including decreases of 300 MT), were offset by reductions for Venezuela (1,500 MT). |
| Weekly Export Details | Exports of 59,700 MT--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to India (34,000 MT), Algeria (20,000 MT), Mexico (4,800 MT), Canada (600 MT), and Kuwait (100 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: 128,900 |
| Weekly Sales Details | Net sales of Upland totaling 128,900 RB for 2024/2025 were down 54 percent from the previous week and 35 percent from the prior 4-week average. Increases primarily for Turkey (41,300 RB), Pakistan (30,000 RB, including decreases of 4,100 RB), Vietnam (26,500 RB, including 3,600 RB switched from Hong Kong), Honduras (7,800 RB), and China (6,900 RB, including decreases of 2,900 RB), were offset by reductions for Hong Kong (3,600 RB). Total net sales of 5,300 RB for 2025/2026 were for Honduras. |
| Weekly Export Details | Exports of 115,800 RB were down 18 percent from the previous week and from the prior 4-week average. The destinations were primarily to Vietnam (33,800 RB), Pakistan (25,300 RB), China (24,900 RB), Turkey (5,500 RB), and Peru (4,300 RB). Net sales of Pima totaling 1,700 RB for 2024/2025 were up 36 percent from the previous week and 51 percent from the prior 4-week average. Increases were reported for Costa Rica (900 RB), India (700 RB), and Japan (100 RB). Exports of 6,500 RB were down 52 percent from the previous week and 31 percent from the prior 4-week average. The destinations were to Peru (3,800 RB), India (2,100 RB), Bangladesh (300 RB), Turkey (200 RB), and Pakistan (100 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 11.7% behind a year ago, compared to 11.9% 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: 1,400 |
| Weekly Sales Details | Net sales of 1,400 MT for 2024 were up 29 percent from the previous week, but down 71 percent from the prior 4-week average. Increases primarily for Japan (1,300 MT, including decreases of 200 MT), China (400 MT, including decreases of 100 MT), Italy (100 MT), and the United Arab Emirates (100 MT), were offset by reductions for South Korea (300 MT) and Hong Kong (200 MT). Net sales of 11,100 MT for 2025 were primarily for South Korea (3,900 MT), Taiwan (1,800 MT), China (1,800 MT), Canada (1,200 MT), and Mexico (1,000 MT). |
| Weekly Export Details | Exports of 12,200 MT were down 26 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to Japan (3,400 MT), South Korea (3,400 MT), China (2,000 MT), Mexico (1,200 MT), and Taiwan (800 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 2.6% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2024: 7,500 |
| Weekly Sales Details | Net sales of 7,500 MT for 2024 were up 6 percent from the previous week, but down 60 percent from the prior 4-week average. Increases primarily for Mexico (8,500 MT, including decreases of 100 MT), Japan (600 MT, including decreases of 300 MT), the Dominican Republic (400 MT, including decreases of 100 MT), China (200 MT, including decreases of 100 MT), and Honduras (100 MT, including decreases of 100 MT), were offset by reductions primarily for South Korea (1,400 MT), Australia (400 MT), Colombia (300 MT), Nicaragua (200 MT), and Costa Rica (100 MT). Net sales of 13,500 MT for 2025 primarily for Japan (5,300 MT), Mexico (2,800 MT), South Korea (1,800 MT), Colombia (1,200 MT), and Canada (500 MT), were offset by reductions for China (300 MT). |
| Weekly Export Details | Exports of 23,700 MT were down 27 percent from the previous week and from the prior 4-week average. The destinations were primarily to Mexico (10,100 MT), Japan (2,600 MT), South Korea (2,600 MT), China (2,500 MT), and Canada (1,500 MT). |
| Comments and Performance Indicators | USDA projects exports in 2024 will rise 1.7% from last year. |
Weekly export sales corn, soybean wheat sales each fall short
For the week ended Dec. 26, net corn sales were down 55% from the previous week, while soybean and wheat sales fell 51% and 77% from the previous week, each carving a new marketing-year low.
(Chip Flory)