USDA Weekly Export Sales Report Week Ended May 23, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 810,100 |
Expectations (in MT) | 2023-24: 600,000-1,000,000 |
Weekly Sales Details | Net sales of 810,100 MT for 2023/2024 were down 11 percent from the previous week and 2 percent from the prior 4-week average. Increases primarily for Mexico (382,500 MT, including decreases of 3,700 MT), Spain (165,000 MT), Japan (125,800 MT, including 150,300 MT switched from unknown destinations and decreases of 6,000 MT), China (67,200 MT, including 65,000 MT switched from unknown destinations), and Colombia (59,200 MT, including decreases of 28,900 MT), were offset by reductions primarily for unknown destinations (45,100 MT) and Nicaragua (7,500 MT). Net sales of 187,800 MT for 2024/2025 were reported for Mexico (185,200 MT) and Honduras (2,600 MT). |
Weekly Export Details | Exports of 1,044,400 MT were down 28 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Mexico (374,500 MT), Japan (271,800 MT), Colombia (115,500 MT), China (88,100 MT), and Taiwan (80,200 MT). |
Comments and Performance Indicators | Export commitments are 31.2% ahead of a year-ago, compared to 29.7% 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: (60,900) |
Expectations (in MT) | 2023-24: (100,000)-100,000 |
Actual Sales (in MT) | 2024-25: 381,700 |
Expectations (in MT) | 2024-25: 200,000-400,000 |
Weekly Sales Details | Net sales reductions of 60,900 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Italy (17,500 MT switched from unknown destinations), the Philippines (8,800 MT), Taiwan (3,700 MT), Colombia (2,000 MT), and Japan (1,800 MT), were more than offset by reductions for Indonesia (55,500 MT), Singapore (23,000 MT), unknown destinations (11,000 MT), and Mexico (7,900 MT). Net sales of 381,700 MT for 2024/2025 primarily for unknown destinations (82,100 MT), Brazil (60,000 MT), Indonesia (55,500 MT), Japan (48,000 MT), and Mexico (47,000 MT), were offset by reductions for Colombia (1,100 MT). |
Weekly Export Details | Exports of 354,000 MT were up 80 percent from the previous week, but down 5 percent from the prior 4-week average. The destinations were primarily to the Philippines (96,800 MT), Taiwan (85,700 MT), Japan (64,900 MT), Mexico (54,800 MT), and Venezuela (18,300 MT). |
Comments and Performance Indicators | Export commitments are running 0.1% ahead of a year-ago, compared to 0.4% 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: 329,400 |
Expectations (in MT) | 2023-24: 200,000-400,000 |
Weekly Sales Details | Net sales of 329,400 MT for 2023/2024 were up 18 percent from the previous week, but down 5 percent from the prior 4-week average. Increases primarily for unknown destinations (147,800 MT), China (71,100 MT, including 68,000 MT switched from unknown destinations and decreases of 200 MT), Indonesia (46,400 MT, including decreases of 100 MT), Japan (23,800 MT, including 7,200 MT switched from unknown destinations and decreases of 400 MT), and Taiwan (17,900 MT, including decreases of 100 MT), were offset by reductions primarily for Colombia (1,400 MT). Net sales of 6,900 MT for 2024/2025 were primarily for Indonesia (4,000 MT) and Taiwan (1,500 MT). |
Weekly Export Details | Exports of 208,400 MT--a marketing-year low--were down 20 percent from the previous week and 35 percent from the prior 4-week average. The destinations were primarily to China (79,300 MT), Egypt (36,100 MT), Mexico (24,500 MT), Indonesia (21,400 MT), and Japan (13,200 MT). |
Comments and Performance Indicators | Export commitments are running 15.2% behind a year-ago, compared to 15.7% 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: 265,500 |
Expectations | 2023-24: 100,000-350,000 |
Weekly Sales Details | Net sales of 265,500 MT for 2023/2024 were up 83 percent from the previous week and 35 percent from the prior 4-week average. Increases primarily for Colombia (50,500 MT, including 5,000 MT switched from Ecuador), Vietnam (50,000 MT switched from unknown destinations), Mexico (46,500 MT, including decreases of 8,400 MT), Morocco (40,900 MT, including 18,000 MT switched from unknown destinations), and the Dominican Republic (30,000 MT), were offset by reductions primarily for unknown destinations (68,000 MT), Ecuador (3,500 MT), Burma (3,200 MT), Sri Lanka (1,900 MT), and Indonesia (1,100 MT). Net sales of 20,200 MT for 2024/2025 were reported for the Dominican Republic (13,500 MT) and Mexico (6,700 MT). |
Weekly Export Details | Exports of 250,800 MT were up 40 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to Mexico (72,100 MT), the Philippines (51,700 MT), Morocco (38,900 MT), Honduras (20,400 MT), and Canada (18,100 MT). |
Comments and Performance Indicators | Export commitments are 10.1% ahead of a year-ago, compared to 12.0% 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: 10,200 |
Expectations | 2023-24: (5,000)-10,000 |
Weekly Sales Details | Net sales of 10,200 MT for 2023/2024 were down noticeably from the previous week, but up 53 percent from the prior 4-week average. Increases reported for Mexico (11,400 MT), Colombia (300 MT), and Canada (100 MT), were offset by reductions for the Dominican Republic (1,500 MT). |
Weekly Export Details | Exports of 13,600 MT were down 34 percent from the previous week, but up noticeably from the prior 4-week average. The destinations were to Mexico (12,100 MT) and Canada (1,500 MT). |
Comments and Performance Indicators | Export commitments are running 11.7% ahead of a year-ago, compared 5.0% ahead last week. USDA projects exports will decrease 7.6% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 222,600 |
Weekly Sales Details | Net sales of Upland totaling 222,600 RB for 2023/2024 were up 10 percent from the previous week and 25 percent from the prior 4-week average. Increases primarily for China (191,900 RB, including 400 RB switched from Hong Kong), Vietnam (8,500 RB, including 900 RB switched from China, 300 RB switched from Japan, and decreases of 500 RB), Bangladesh (5,900 RB, including decreases of 200 RB), Turkey (5,100 RB, including decreases of 200 RB), and South Korea (4,400 RB), were offset by reductions for Guatemala (7,100 RB) and Hong Kong (400 RB). Net sales of 78,100 RB for 2024/2025 were primarily for Turkey (26,400 RB), El Salvador (20,900 RB), Thailand (8,800 RB), Guatemala (7,300 RB), and India (4,400 RB). |
Weekly Export Details | Exports of 172,200 RB were down 16 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to China (52,500 RB), Turkey (30,700 RB), Vietnam (20,200 RB), Pakistan (15,300 RB), and Indonesia (12,100 RB). Net sales of Pima totaling 5,400 RB for 2023/2024 were down 46 percent from the previous week and 10 percent from the prior 4- week average. Increases were primarily for India (2,000 RB), China (1,300 RB), Peru (800 RB), Bangladesh (500 RB), and Vietnam (400 RB). Total net sales of 200 RB for 2024/2025 were for Japan. Exports of 6,300 RB were down 53 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to China (1,900 RB), Vietnam (1,800 RB), Peru (600 RB), Pakistan (600 RB), and India (500 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.2% behind a year ago, compared to 6.0% 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: 15,700 |
Weekly Sales Details | Net sales of 15,700 MT for 2024 were down 27 percent from the previous week and 12 percent from the prior 4-week average. Increases were primarily for Japan (4,500 MT, including decreases of 700 MT), China (2,800 MT, including decreases of 300 MT), Mexico (1,500 MT, including decreases of 100 MT), Taiwan (1,300 MT, including decreases of 100 MT), and Hong Kong (1,300 MT). |
Weekly Export Details | Exports of 16,100 MT were down 7 percent from the previous week, but up 1 percent from the prior 4-week average. The destinations were primarily to South Korea (4,200 MT), Japan (3,700 MT), China (2,800 MT), Mexico (1,500 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: 44,400 |
Weekly Sales Details | Net sales of 44,400 MT for 2024 were up 69 percent from the previous week and from the prior 4-week average. Increases were primarily for Mexico (23,200 MT, including decreases of 300 MT), Australia (6,100 MT), Japan (3,600 MT, including decreases of 300 MT), Canada (2,600 MT, including decreases of 600 MT), and China (2,400 MT). Total net sales of 100 MT for 2024/2025 were for Australia. |
Weekly Export Details | Exports of 34,700 MT were up 1 percent from the previous week, but unchanged from the prior 4- week average. The destinations were primarily to Mexico (14,600 MT), Japan (4,100 MT), South Korea (4,000 MT), China (3,100 MT), and Colombia (2,300 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.5% from last year. |