USDA Weekly Export Sales Report Week Ended July 25, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 167,900 |
Expectations (in MT) | 2023-24: 275,000-600,000 |
Actual Sales (in MT) | 2024-25: 710,900 |
Expectations (in MT) | 2024-25: 400,000-800,000 |
Weekly Sales Details | Net sales of 167,900 MT for 2023/2024--a marketing-year low--were down 49 percent from the previous week and 60 percent from the prior 4-week average. Increases primarily for Mexico (94,900 MT, including 30,000 MT switched from unknown destinations and decreases of 5,800 MT), South Korea (68,700 MT, including 60,000 MT switched from unknown destinations), Japan (63,900 MT, including 60,000 MT switched from unknown destinations and decreases of 2,900 MT), the United Kingdom (55,000 MT, including 50,000 MT switched from unknown destinations), and Costa Rica (32,300 MT, including 4,000 MT switched from Panama and decreases of 400 MT), were offset by reductions primarily for unknown destinations (134,000 MT), Panama (23,000 MT), El Salvador (11,400 MT), Nicaragua (7,500 MT), and Colombia (4,700 MT). Net sales of 710,900 MT for 2024/2025 were primarily for Mexico (218,300 MT), unknown destinations (213,700 MT), Colombia (69,000 MT), Japan (55,000 MT), and Ireland (40,000 MT). |
Weekly Export Details | Exports of 1,035,100 MT were down 14 percent from the previous week, but up 1 percent from the prior 4-week average. The destinations were primarily to Mexico (376,700 MT), Japan (313,800 MT), South Korea (138,100 MT), the United Kingdom (55,000 MT), and Colombia (37,700 MT). |
Comments and Performance Indicators | Export commitments are 37.5% ahead of a year-ago, compared to 37.4% 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: 286,600 |
Expectations (in MT) | 2024-25: 250,000-550,000 |
Weekly Sales Details | Net sales of 286,600 metric tons (MT) for 2024/2025 were down 7 percent from the previous week and 41 percent from the prior 4-week average. Increases primarily for Indonesia (76,500 MT), the Philippines (58,600 MT), Chile (45,900 MT, including 45,000 MT switched from unknown destinations), Ecuador (38,100 MT), and Jamaica (33,700 MT, including 11,700 MT switched from unknown destinations and decreases of 600 MT), were offset by reductions for unknown destinations (38,900 MT), Vietnam (7,500 MT), and the French West Indies (2,500 MT). |
Weekly Export Details | Exports of 454,200 MT were up 67 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to the Philippines (123,600 MT), South Korea (102,000 MT), Mexico (90,000 MT), Chile (55,900 MT), and Honduras (23,400 MT). |
Comments and Performance Indicators | Export commitments are 42.3% ahead of year-ago, compared to 48.1% ahead last week. USDA projects exports in 2024-25 exports are projected at 825 million bu. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 376,400 |
Expectations (in MT) | 2023-24: 75,000-300,000 |
Actual Sales (in MT) | 2024-25: 632,100 |
Expectations (in MT) | 2024-25: 300,000-900,000 |
Weekly Sales Details | Net sales of 376,400 MT for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Germany (174,400 MT), the Netherlands (124,400 MT, including 122,000 MT switched from unknown destinations and decreases of 2,900 MT), Egypt (112,500 MT, including 57,500 MT switched from unknown destinations), Mexico (46,000 MT, including decreases of 2,400 MT), and Japan (32,500 MT), were offset by reductions for unknown destinations (164,300 MT) and China (4,900 MT). Net sales of 632,100 MT for 2024/2025 were primarily for unknown destinations (543,700 MT), Mexico (43,500 MT), Portugal (17,500 MT), China (9,500 MT), and Japan (8,400 MT). |
Weekly Export Details | Exports of 565,600 MT were up 54 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to Germany (174,400 MT), Mexico (137,300 MT), the Netherlands (124,400 MT), Egypt (57,500 MT), and Indonesia (21,200 MT). |
Comments and Performance Indicators | Export commitments are running 13.7% behind a year-ago, compared to 14.0% 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: 43,700 |
Expectations | 2023-24: 50,000-350,000 |
Actual Sales (in MT) | 2024-25: 232,400 |
Expectations | 2024-25: 100,000-350,000 |
Weekly Sales Details | Net sales of 43,700 MT for 2023/2024--a marketing-year low-- were down 83 percent from the previous week and 76 percent from the prior 4-week average. Increases primarily for Venezuela (26,500 MT), the Dominican Republic (14,000 MT), Jamaica (9,200 MT), Colombia (6,400 MT, including decreases of 800 MT), and Honduras (5,800 MT, including 6,000 MT switched from Nicaragua and decreases of 200 MT), were offset by reductions primarily for unknown destinations (25,000 MT), Nicaragua (6,000 MT), Panama (6,000 MT), Taiwan (1,400 MT), and Japan (600 MT). Net sales of 232,400 MT for 2024/2025 were primarily for Canada (84,800 MT), the Dominican Republic (51,700 MT), the Philippines (45,800 MT), unknown destinations (20,000 MT), and Honduras (9,700 MT). |
Weekly Export Details | Exports of 218,600 MT were up 18 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Vietnam (52,500 MT), Mexico (50,300 MT), Venezuela (31,500 MT), Canada (27,500 MT), and Colombia (13,200 MT). |
Comments and Performance Indicators | Export commitments are 10.0% ahead of a year-ago, compared to 11.1% 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: 500 |
Expectations | 2023-24: 0-10,000 |
Actual Sales (in MT) | 2024-25: (3,500) |
Expectations | 2024-25: 0-10,000 |
Weekly Sales Details | Net sales of 500 MT for 2023/2024 were down 93 percent from the previous week and 94 percent from the prior 4-week average. Increases were reported for Canada (400 MT) and Venezuela (100 MT). Total net sales reductions of 3,500 MT for 2024/2025 were for Mexico. |
Weekly Export Details | Exports of 8,800 MT were down 21 percent from the previous week and 40 percent from the prior 4-week average. The destinations were to Venezuela (6,100 MT), Mexico (2,000 MT), and Canada (700 MT). |
Comments and Performance Indicators | Export commitments are running 63.3% ahead of a year-ago, compared 65.7% ahead last week. USDA projects exports will increase 45.5% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: (1,085,800) |
Actual Upland Sales (in RB) | 2024-25: 1,355,700 |
Weekly Sales Details | Net sales reductions of Upland totaling 1,085,800 RB for 2023/2024 resulting in increases primarily for Indonesia (3,000 RB, including decreases of 1,100 RB), Mexico (3,000 RB), Japan (1,400 RB), Thailand (700 RB), and Honduras (400 RB), were more than offset by reductions primarily for China (597,300 RB), Pakistan (369,100 RB), and Vietnam (126,100 RB). Net sales of 1,355,700 RB for 2024/2025 primarily for China (650,100 RB), Pakistan (419,800 RB), Vietnam (215,200 RB), India (22,800 RB), and Turkey (13,600 RB), were offset by reductions for El Salvador (3,000 RB) and South Korea (700 RB). |
Weekly Export Details | Exports of 129,900 RB were down 1 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to China (27,900 RB), Vietnam (18,400 RB), Pakistan (14,300 RB), Indonesia (14,000 RB), and Mexico (10,100 RB). No net sales for 2023/2024 of Pima were reported for the week. Net sales of 4,500 RB for 2024/2025 were primarily for Pakistan (2,900 RB), India (500 RB), China (400 RB), the United Arab Emirates (400 RB), and Thailand (100 RB). Exports of 4,600 RB were up noticeably from the previous week and up 12 percent from the prior 4-week average. The destinations were primarily to India (2,900 RB), Pakistan (900 RB), Vietnam (500 RB), and Turkey (300 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 15.0% behind a year ago, compared to 7.3% 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: 17,700 |
Weekly Sales Details | Net sales of 17,700 MT for 2024 were up 32 percent from the previous week and 35 percent from the prior 4-week average. Increases were primarily for South Korea (5,300 MT, including decreases of 600 MT), Japan (3,500 MT, including decreases of 1,000 MT), Mexico (2,100 MT), China (2,100 MT, including decreases of 100 MT), and Canada (1,300 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 16,200 MT were unchanged from the previous week and up 4 percent from the prior 4-week average. The destinations were primarily to Japan (4,500 MT), South Korea (4,200 MT), China (2,300 MT), Mexico (1,300 MT), and Taiwan (1,200 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 4.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 31,500 |
Weekly Sales Details | Net sales of 31,500 MT for 2024 were up 5 percent from the previous week, but down 10 percent from the prior 4-week average. Increases were primarily for Mexico (12,800 MT, including decreases of 400 MT), Colombia (4,100 MT, including decreases of 400 MT), Canada (3,700 MT, including decreases of 800 MT), South Korea (2,600 MT, including decreases of 300 MT), and Japan (2,600 MT, including decreases of 200 MT). |
Weekly Export Details | Exports of 30,100 MT were down 8 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Mexico (13,500 MT), Japan (3,900 MT), China (3,200 MT), South Korea (1,800 MT), and Colombia (1,800 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.2% from last year. |