| USDA Weekly Export Sales Report Week Ended April 3, 2024 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 785,600 |
| Expectations (in MT) | 2024-25: 700,000-1,300,000 |
| Weekly Sales Details | Net sales of 785,600 MT for 2024/2025 were down 33 percent from the previous week and from the prior 4-week average. Increases primarily for South Korea (204,200 MT, including 63,000 MT switched from unknown destinations), Colombia (196,700 MT, including 55,000 MT switched from unknown destinations), Japan (180,800 MT, including 137,200 MT switched from unknown destinations and decreases of 23,200 MT), Mexico (151,000 MT, including 55,000 MT switched from unknown destinations and decreases of 148,400 MT), and Vietnam (59,800 MT, including 55,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (57,200 MT), Panama (37,600 MT), Honduras (6,600 MT), and the Philippines (4,400 MT). Net sales of 236,200 MT for 2025/2026 were reported for Mexico (226,200 MT) and Japan (10,000 MT). |
| Weekly Export Details | Exports of 1,699,400 MT were down 6 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to Mexico (512,900 MT), Japan (384,000 MT), South Korea (194,200 MT), Colombia (181,500 MT), and Taiwan (129,100 MT). |
| Comments and Performance Indicators | Export commitments are 24.5% ahead of a year-ago, compared to 23.7% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year. |
| Wheat | |
| Actual Sales (in MT) | 2024-25: 107,300 |
| Expectations (in MT) | 2024-25: (100,000)-400,000 |
| Weekly Sales Details | Net sales of 107,300 metric tons (MT) for 2024/2025 were down 68 percent from the previous week and 56 percent from the prior 4-week average. Increases primarily for unknown destinations (92,800 MT), Nigeria (40,000 MT, including 36,000 MT switched from unknown destinations), Mexico (31,700 MT, including decreases of 25,600 MT), Thailand (25,000 MT), and Colombia (21,500 MT, including 20,000 MT switched from unknown destinations), were offset by reductions for Panama (157,400 MT) and Honduras (500 MT). Net sales of 107,700 MT for 2025/2026 were reported for Japan (64,200 MT), Mexico (22,500 MT), and South Korea (21,000 MT). |
| Weekly Export Details | Exports of 339,100 MT were down 32 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Mexico (82,900 MT), Japan (60,800 MT), Nigeria (40,000 MT), Colombia (35,200 MT), and Vietnam (34,700 MT). |
| Comments and Performance Indicators | Export commitments are 13.4% ahead of year-ago, compared to 13.3% ahead last week. USDA projects exports in 2024-25 exports are projected at 850 million bu., up 18.1% from last year. |
| Soybeans | |
| Actual Sales (in MT) | 2024-25: 172,300 |
| Expectations (in MT) | 2024-25: 200,000-700,000 |
| Weekly Sales Details | Net sales of 172,300 MT for 2024/2025 were down 58 percent from the previous week and 63 percent from the prior 4-week average. Increases primarily for China (141,300 MT, including 132,000 MT switched from unknown destinations), the Netherlands (69,700 MT, including 60,000 MT switched from unknown destinations), Japan (60,800 MT, including 18,000 MT switched from unknown destinations and decreases of 1,200 MT), Egypt (44,500 MT, including 52,800 MT switched from unknown destinations and decreases of 8,300 MT), and Indonesia (43,600 MT, including decreases of 100 MT), were offset by reductions for unknown destinations (256,700 MT). |
| Weekly Export Details | Exports of 765,400 MT were down 9 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to China (344,200 MT), Egypt (109,500 MT), the Netherlands (69,700 MT), Mexico (63,900 MT), and Japan (59,200 MT). |
| Comments and Performance Indicators | Export commitments are running 13.6% ahead of a year-ago, compared to 14.0% 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: 276,000 |
| Expectations | 2024-25: 75,000-450,000 |
| Weekly Sales Details | Net sales of 276,000 MT for 2024/2025 were up noticeably from the previous week and up 76 percent from the prior 4-week average. Increases primarily for the Philippines (137,700 MT), Colombia (47,300 MT, including 12,000 MT switched from Venezuela and 10,000 MT switched from unknown destinations), Japan (32,800 MT, including 30,000 MT switched from Vietnam and decreases of 1,200 MT), New Zealand (30,000 MT switched from unknown destinations), and Mexico (27,800 MT), were offset by reductions primarily for unknown destinations (36,500 MT), Venezuela (10,600 MT), Honduras (9,500 MT), Canada (3,700 MT), and Panama (3,000 MT). Net sales of 11,200 MT for 2025/2026 were reported for Mexico (6,500 MT) and Canada (4,700 MT). |
| Weekly Export Details | Exports of 360,000 MT were down 31 percent from the previous week, but up 4 percent from the prior 4-week average. The destinations were primarily to Colombia (95,800 MT), the Philippines (48,600 MT), Mexico (48,400 MT), Japan (32,100 MT), and Venezuela (26,400 MT). |
| Comments and Performance Indicators | Export commitments are 10.7% ahead of a year-ago, compared to 10.0% 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: 20,200 |
| Expectations (in MT) | 2024-25: 5,000-32,000 |
| Weekly Sales Details | Net sales of 20,200 MT for 2024/2025 were up 46 percent from the previous week, but down 50 percent from the prior 4-week average. Increases were primarily for the Dominican Republic (12,500 MT, including decreases of 11,600 MT), Mexico (3,000 MT - late), Colombia (1,900 MT, including decreases of 3,700 MT), Nicaragua (1,600 MT), and Canada (1,000 MT, including decreases of 100 MT). |
| Weekly Export Details | Exports of 36,100 MT were down 18 percent from the previous week, but up 6 percent from the prior 4-week average. The destinations were primarily to Guatemala (8,600 MT), Mexico (5,900 MT, including 3,000 MT - late), Venezuela (5,000 MT), Colombia (4,200 MT), and Honduras (3,300 MT). |
| Comments and Performance Indicators | Export commitments are well ahead of year-ago. USDA projects exports will nearly triple in 2023-24. |
| Cotton | |
| Actual Upland Sales (in RB) | 2024-25: 115,100 |
| Weekly Sales Details | Net sales of Upland totaling 115,100 RB for 2024/2025 were down 11 percent from the previous week and 22 percent from the prior 4-week average. Increases primarily for Vietnam (64,800 RB, including 2,200 RB switched from China, 1,300 RB switched from South Korea, and decreases of 700 RB), Turkey (19,100 RB, including decreases of 300 RB), Thailand (7,500 RB), Honduras (6,100 RB, including decreases of 100 RB), and Malaysia (4,400 RB), were offset by reductions for China (1,800 RB) and Pakistan (800 RB). Net sales of 18,900 RB for 2025/2026 were reported for Honduras (6,600 RB), Vietnam (6,600 RB), El Salvador (4,300 RB), and Thailand (1,400 RB). |
| Weekly Export Details | Exports of 377,200 RB were down 4 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to Vietnam (128,400 RB), Pakistan (69,100 RB), Turkey (64,300 RB), Bangladesh (15,200 RB), and Mexico (14,800 RB). Net sales of Pima totaling 2,700 RB for 2024/2025 were down 68 percent from the previous week and 82 percent from the prior 4-week average. Increases primarily for India (2,200 RB), China (1,000 RB switched from Hong Kong), Guatemala (300 RB), and Peru (200 RB), were offset by reductions for Hong Kong (1,000 RB). Exports of 8,000 RB were down 44 percent from the previous week and 36 percent from the prior 4-week average. The destinations were primarily to India (2,000 RB), Egypt (1,800 RB), Vietnam (1,100 RB), China (1,000 RB), and Costa Rica (900 RB). Optional Origin Sales: For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan. |
| Comments and Performance Indicators | Upland cotton export commitments are running 3.8% behind a year ago, compared to 4.1% behind last week. USDA forecasts total cotton exports will fall 6.4% from a year ago to 11.00 million bales in 2024-25. |
| Beef | |
| Actual Sales (in MT) | 2025: 11,900 |
| Weekly Sales Details | Net sales of 11,900 MT for 2025 were up 28 percent from the previous week and 14 percent from the prior 4-week average. Increases primarily for South Korea (4,900 MT, including decreases of 400 MT), Japan (3,300 MT, including decreases of 300 MT), Mexico (1,100 MT, including decreases of 100 MT), Taiwan (1,000 MT, including decreases of 100 MT), and Hong Kong (600 MT), were offset by reductions for China (100 MT). |
| Weekly Export Details | Exports of 15,100 MT were up 1 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to South Korea (5,500 MT), Japan (4,000 MT), China (1,600 MT), Mexico (1,200 MT), and Taiwan (1,000 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 6.0% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2025: 23,900 |
| Weekly Sales Details | Net sales of 23,900 MT for 2025 were down 55 percent from the previous week and 23 percent from the prior 4-week average. Increases primarily for Mexico (8,900 MT, including decreases of 100 MT), Japan (3,600 MT, including decreases of 100 MT), South Korea (3,200 MT, including decreases of 500 MT), Colombia (2,200 MT, including decreases of 100 MT), and Australia (1,700 MT), were offset by reductions for Canada (100 MT). |
| Weekly Export Details | Exports of 30,100 MT were down 9 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to Mexico (11,700 MT), Japan (4,500 MT), South Korea (4,400 MT), China (2,500 MT), and Colombia (1,900 MT). |
| Comments and Performance Indicators | USDA projects exports in 2025 will rise 1.4% from last year. |
Weekly soybean sales shy of pre-report expectations
Soybean sales during the week ended April 3 totaled 172,300 MT, which were down 58% from the previous week and 63% from the four-week average. Corn and wheat sales also declined on the week.
(Chip Flory)