USDA Weekly Export Sales Report Week Ended May 9, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 742,200 |
Expectations (in MT) | 2023-24: 700,000-1,050,000 |
Weekly Sales Details | Net sales of 742,200 MT for 2023/2024 were down 17 percent from the previous week and 14 percent from the prior 4-week average. Increases primarily for Mexico (244,400 MT, including 30,000 MT switched from unknown destinations and decreases of 2,200 MT), Japan (241,300 MT, including 60,500 MT switched from South Korea, 60,000 MT switched from unknown destinations, and decreases of 68,800 MT), Colombia (188,900 MT, including 127,000 MT switched from unknown destinations and decreases of 1,100 MT), Taiwan (78,500 MT), and China (68,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (91,000 MT), South Korea (31,900 MT), the Philippines (18,000 MT), Venezuela (10,000 MT), and Guatemala (2,200 MT). Total net sales of 128,200 MT for 2024/2025 were for Mexico. |
Weekly Export Details | Exports of 952,400 MT were down 23 percent from the previous week and 35 percent from the prior 4-week average. The destinations were primarily to Mexico (424,500 MT), Japan (217,700 MT), Taiwan (84,100 MT), South Korea (68,200 MT), and Costa Rica (41,800 MT). |
Comments and Performance Indicators | Export commitments are 27.1% ahead of a year-ago, compared to 24.0% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2023-24: 78,500 |
Expectations (in MT) | 2023-24: (100,000)-100,000 |
Actual Sales (in MT) | 2024-25: 304,300 |
Expectations (in MT) | 2024-25: 300,000-600,000 |
Weekly Sales Details | Net sales of 78,500 metric tons (MT) for 2023/2024 were up 91 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for Mexico (60,400 MT, including decreases of 7,000 MT), South Korea (9,000 MT), China (4,500 MT, including decreases of 1,000 MT), Peru (4,000 MT, including decreases of 4,000 MT), and Italy (3,600 MT), were offset by reductions for Honduras (6,000 MT), Venezuela (2,700 MT), and Barbados (600 MT). Net sales of 304,300 MT for 2024/2025 primarily for the Philippines (122,000 MT), Yemen (50,000 MT), Japan (46,600 MT), Mexico (31,100 MT), and unknown destinations (20,000 MT), were offset by reductions for Colombia (8,000 MT). |
Weekly Export Details | Exports of 449,100 MT were up 33 percent from the previous week, but down 6 percent from the prior 4-week average. The destinations were primarily to China (116,000 MT), Mexico (109,800 MT), South Korea (103,500 MT), Japan (34,900 MT), and Peru (33,000 MT). |
Comments and Performance Indicators | Export commitments are running 0.2% ahead of a year-ago, compared to 0.5% behind last week. USDA projects exports in 2023-24 at 720 million bu., down 5.1% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 265,700 |
Expectations (in MT) | 2023-24: 300,000-550,000 |
Weekly Sales Details | Net sales of 265,700 MT for 2023/2024 were down 38 percent from the previous week and 31 percent from the prior 4-week average. Increases primarily for Egypt (90,400 MT, including 80,000 MT switched from unknown destination), Indonesia (87,900 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), Mexico (86,600 MT, including decreases of 1,600 MT), Colombia (23,000 MT, including 15,000 MT switched from unknown destinations and decreases of 800 MT), and Taiwan (18,500 MT), were offset by reductions for unknown destinations (64,800 MT) and China (600 MT). Net sales of 25,200 MT for 2024/2025 reported for Taiwan (29,000 MT), Malaysia (5,600 MT), Indonesia (500 MT), and Japan (100 MT), were offset by reductions for Thailand (10,000 MT). |
Weekly Export Details | Exports of 443,500 MT were up 46 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to Egypt (141,300 MT), China (83,500 MT), Indonesia (81,600 MT), Mexico (55,900 MT), and Colombia (31,300 MT). |
Comments and Performance Indicators | Export commitments are running 16.0% behind a year-ago, compared to 16.7% behind last week. USDA projects exports in 2023-24 at 1.700 billion bu., down 14.7% from the previous marketing year. |
Soymeal | |
Actual Sales (in MT) | 2023-24: 300,400 |
Expectations | 2023-24: 100,000-500,000 |
Weekly Sales Details | Net sales of 300,400 MT for 2023/2024 were up 44 percent from the previous week and 55 percent from the prior 4-week average. Increases primarily for unknown destinations (121,600 MT), the Philippines (39,500 MT, including decreases of 11,000 MT), Colombia (30,800 MT), Mexico (24,900 MT), and Panama (20,000 MT), were offset by reductions for Trinidad and Tobago (4,000 MT), Belgium (2,500 MT), and Burma (2,100 MT). Net sales of 31,100 MT for 2024/2025 were reported for Colombia (18,000 MT), Canada (6,500 MT), Venezuela (4,000 MT), Honduras (2,100 MT), and the Philippines (500 MT). |
Weekly Export Details | Exports of 211,200 MT were down 10 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to the Dominican Republic (52,600 MT), the Philippines (50,500 MT), Mexico (25,200 MT), Canada (18,700 MT), and Israel (10,900 MT). |
Comments and Performance Indicators | Export commitments are 13.8% ahead of a year-ago, compared to 13.4% ahead last week. USDA projects exports in 2023-24 will increase 7.7% from the previous marketing year in 2022-23. |
Soyoil | |
Actual Sales (in MT) | 2023-24: 9,100 |
Expectations | 2023-24: 0-12,000 |
Weekly Sales Details | Net sales of 9,100 MT for 2023/2024 were down 21 percent from the previous week, but up 4 percent from the prior 4-week average. Increases reported for Jamaica (8,000 MT), Colombia (2,000 MT), and Mexico (300 MT), were offset by reductions for Canada (1,200 MT). Total net sales of 1,000 MT for 2024/2025 were for the Dominican Republic. |
Weekly Export Details | Exports of 1,500 MT were down 17 percent from the previous week and 30 percent from the prior 4-week average. The destinations were to Mexico (1,200 MT) and Canada (300 MT). |
Comments and Performance Indicators | Export commitments are running 11.4% behind a year-ago, compared 4.4% behind a year ago last week. USDA projects exports will decrease 7.6% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 156,500 |
Weekly Sales Details | Net sales of Upland totaling 156,500 RB for 2023/2024 were down 38 percent from the previous week and 7 percent from the prior 4-week average. Increases primarily for China (63,600 RB, including 2,500 RB switched from Hong Kong), Vietnam (27,600 RB, including decreases of 2,300 RB), Pakistan (22,600 RB), Turkey (17,100 RB, including decreases of 900 RB), and Indonesia (9,400 RB, including 2,100 RB switched from Japan), were offset by reductions for Hong Kong (2,600 RB) and El Salvador (500 RB). Net sales of 140,600 RB for 2024/2025 were primarily for El Salvador (90,800 RB), Mexico (16,100 RB), Honduras (10,200 RB), Bangladesh (6,700 RB), and Pakistan (5,700 RB). |
Weekly Export Details | Exports of 238,800 RB were down 4 percent from the previous week and unchanged from the prior 4-week average. The destinations were primarily to China (85,000 RB), Turkey (39,900 RB), Pakistan (34,900 RB), Bangladesh (18,500 RB), and Vietnam (10,900 RB). Net sales of Pima totaling 3,600 RB for 2023/2024 were down 36 percent from the previous week and 43 percent from the prior 4-week average. Increases were reported for India (2,700 RB, including decreases of 2,700 RB), Vietnam (400 RB), Germany (200 RB), Turkey (200 RB), and Japan (100 RB). Total net sales of 1,000 RB for 2024/2025 were for Italy. Exports of 5,200 RB were down 37 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to India (2,700 RB), Vietnam (1,000 RB), Brazil (400 RB), Pakistan (400 RB), and Thailand (200 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.6% behind a year ago, compared to 6.8% behind last week. USDA forecasts total cotton exports will fall 3.7% from a year ago to 12.30 million bales in 2023-24. |
Beef | |
Actual Sales (in MT) | 2024: 15,100 |
Weekly Sales Details | Net sales of 15,100 MT for 2024 were up 23 percent from the previous week, but down 11 percent from the prior 4-week average. Increases were primarily for Japan (6,600 MT, including decreases of 300 MT), China (1,900 MT, including decreases of 200 MT), Taiwan (1,700 MT, including decreases of 200 MT), Mexico (1,700 MT, including decreases of 100 MT), and South Korea (1,300 MT, including decreases of 400 MT). |
Weekly Export Details | Exports of 15,600 MT were down 4 percent from the previous week, but up 2 percent from the prior 4-week average. The destinations were primarily to Japan (4,100 MT), South Korea (3,500 MT), China (2,600 MT), Mexico (1,600 MT), and Taiwan (1,300 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 7.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 21,100 |
Weekly Sales Details | Net sales of 21,100 MT for 2024--a marketing-year low--were down 14 percent from the previous week and 22 percent from the prior 4-week average. Increases were primarily for Japan (4,900 MT, including decreases of 100 MT), Mexico (4,500 MT, including decreases of 300 MT), South Korea (3,200 MT, including decreases of 1,100 MT), Colombia (1,700 MT, including decreases of 100 MT), and Canada (1,400 MT, including decreases of 700 MT). |
Weekly Export Details | Exports of 33,200 MT were down 5 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Mexico (12,700 MT), Japan (5,000 MT), South Korea (4,300 MT), China (2,800 MT), and Colombia (2,400 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.5% from last year. |