Weekly Export Sales for the week ended July 4.
USDA Weekly Export Sales Report Week Ended July 4, 2024 | |
| Corn | |
| Actual Sales (in MT) | 2023-24: 538,300 |
| Expectations (in MT) | 2023-24: 300,000-850,000 |
| Actual Sales (in MT) | 2024-25: 116,500 |
| Expectations (in MT) | 2024-25: 0-500,000 |
| Weekly Sales Details | Net sales of 538,300 MT for 2023/2024 were up 51 percent from the previous week, but down 13 percent from the prior 4-week average. Increases primarily for Colombia (200,600 MT, including 40,000 MT switched from unknown destinations and decreases of 32,500 MT), Japan (188,300 MT, including 65,600 MT switched from unknown destinations and decreases of 2,800 MT), Mexico (177,600 MT, including 54,900 MT switched from unknown destinations and decreases of 2,800 MT), South Korea (60,800 MT, including decreases of 4,200 MT), and El Salvador (30,700 MT), were offset by reductions for unknown destinations (142,300 MT) and Panama (500 MT). Net sales of 116,500 MT for 2024/2025 primarily for Mexico (143,700 MT), Honduras (18,400 MT), Jamaica (11,200 MT), Canada (5,500 MT), and Nicaragua (2,000 MT), were offset by reductions for unknown destinations (65,000 MT). |
| Weekly Export Details | Exports of 879,100 MT were down 2 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to Mexico (353,500 MT), Japan (195,300 MT), Colombia (120,700 MT), South Korea (66,100 MT), and Costa Rica (39,700 MT). |
| Comments and Performance Indicators | Export commitments are 37.3% ahead of a year-ago, compared to 37.6% 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) | 2024-25: 240,400 |
| Expectations (in MT) | 2024-25: 300,000-700,000 |
| Weekly Sales Details | Net sales of 240,400 metric tons (MT) for 2024/2025 primarily for Thailand (60,800 MT), Japan (58,400 MT, including decreases of 1,300 MT), Indonesia (53,800 MT), Mexico (30,700 MT, including decreases of 1,500 MT), and Italy (20,000 MT), were offset by reductions for the Leeward and Windward Islands (400 MT). |
| Weekly Export Details | Exports of 294,600 MT were primarily to Japan (91,700 MT), South Korea (67,600 MT), Thailand (58,300 MT), Mexico (36,200 MT), and the Leeward and Windward Island (18,600 MT). |
| Comments and Performance Indicators | Export commitments are 42.3% ahead of year-ago, compared to 49.3% ahead last week. USDA projects exports in 2024-25 exports are projected at 800 million bu. |
| Soybeans | |
| Actual Sales (in MT) | 2023-24: 208,000 |
| Expectations (in MT) | 2023-24: 200,000-600,000 |
| Actual Sales (in MT) | 2024-25: 191,300 |
| Expectations (in MT) | 2024-25: 50,000-300,000 |
| Weekly Sales Details | Net sales of 208,000 MT for 2023/2024 were down 9 percent from the previous week and 40 percent from the prior 4-week average. Increases primarily for the Netherlands (109,900 MT, including 122,000 MT switched from unknown destinations and decreases of 12,100 MT), Mexico (62,100 MT), Egypt (50,000 MT), Japan (30,500 MT, including 29,100 MT switched from unknown destinations), and Indonesia (14,900 MT, including decreases of 300 MT), were offset by reductions for unknown destinations (95,900 MT). Net sales of 191,300 MT for 2024/2025 were primarily for Mexico (95,300 MT), unknown destinations (78,500 MT), China (10,000 MT), Nepal (2,500 MT), and Malaysia (2,500 MT). |
| Weekly Export Details | Exports of 267,300 MT were down 12 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to the Netherlands (109,900 MT), Indonesia (34,400 MT), Japan (31,900 MT), Mexico (21,100 MT), and Colombia (20,200 MT). |
| Comments and Performance Indicators | Export commitments are running 14.3% behind a year-ago, compared to 14.6% 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: 53,100 |
| Expectations | 2023-24: 150,000-400,000 |
| Actual Sales (in MT) | 2024-25: 22,800 |
| Expectations | 2024-25: 50,000-200,000 |
| Weekly Sales Details | Net sales of 53,100 MT for 2023/2024--a marketing-year low-- were down 75 percent from the previous week and 72 percent from the prior 4-week average. Increases primarily for Morocco (32,100 MT, including 32,000 MT switched from unknown destinations), Nicaragua (10,600 MT, including 2,400 MT switched from unknown destinations), Canada (10,600 MT), Colombia (9,000 MT, including 10,000 MT switched from unknown destinations and decreases of 1,900 MT), and the Philippines (9,000 MT), were offset by reductions primarily for unknown destinations (38,000 MT), Honduras (3,800 MT), Belgium (800 MT), Ecuador (600 MT), and Portugal (300 MT). Net sales of 22,800 MT for 2024/2025 were reported for unknown destinations (20,000 MT) and Canada (2,800 MT). |
| Weekly Export Details | Exports of 272,000 MT were up 36 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to the Philippines (97,900 MT), Colombia (53,200 MT), Ecuador (31,400 MT), Morocco (29,000 MT), and Canada (13,400 MT). |
| Comments and Performance Indicators | Export commitments are 11.3% ahead of a year-ago, compared to 11.4% 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: 9,700 |
| Expectations | 2023-24: 4,000-15,000 |
| Actual Sales (in MT) | 2024-25: 3,500 |
| Expectations | 2024-25: 0-5,000 |
| Weekly Sales Details | Net sales of 9,700 MT for 2023/2024 were down 41 percent from the previous week and 6 percent from the prior 4-week average. Increases were reported for Venezuela (9,200 MT), Canada (400 MT), and Colombia (100 MT). Total net sales reductions of 3,500 MT for 2024/2025 were for Mexico. |
| Weekly Export Details | Exports of 11,500 MT were down 60 percent from the previous week, but up 20 percent from the prior 4-week average. The destinations were to Colombia (5,900 MT), Venezuela (4,200 MT), Canada (1,200 MT), and Mexico (200 MT). |
| Comments and Performance Indicators | Export commitments are running 59.4% ahead of a year-ago, compared 53.2% ahead last week. USDA projects exports will decrease 7.6% in 2023-24. |
| Cotton | |
| Actual Upland Sales (in RB) | 2023-24: 54,100 |
| Weekly Sales Details | Net sales of Upland totaling 54,100 RB for 2023/2024 were down 53 percent from the previous week and 62 percent from the prior 4-week average. Increases primarily for China (15,800 RB), Pakistan (10,100 RB, including decreases of 700 RB), Turkey (5,400 RB, including decreases of 100 RB), Vietnam (5,100 RB, including 100 RB switched from Japan and decreases of 100 RB), and India (5,100 RB), were offset by reductions for Ecuador (400 RB) and Indonesia (300 RB). Net sales of 69,500 RB for 2024/2025 primarily for Mexico (23,400 RB), Vietnam (10,900 RB), Guatemala (7,900 RB), Indonesia (7,000 RB), and Turkey (6,000 RB), were offset by reductions for China (2,200 RB). |
| Weekly Export Details | Exports of 160,700 RB were down 9 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to China (64,800 RB), Pakistan (26,500 RB), Bangladesh (12,100 RB), Mexico (11,300 RB), and Indonesia (10,300 RB). Net sales of Pima totaling 3,900 RB for 2023/2024 were up 74 percent from the previous week, but down 16 percent from the prior 4-week average. Increases were primarily for India (1,800 RB), Vietnam (400 RB), Turkey (400 RB), Pakistan (400 RB), and Japan (300 RB). Exports of 1,900 RB were down 76 percent from the previous week and 73 percent from the prior 4-week average. The destinations were primarily to India (900 RB), Pakistan (900 RB), and Guatemala (100 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: 8,300 |
| Weekly Sales Details | Net sales of 8,300 MT for 2024--a marketing-year low--were down 46 percent from the previous week and 43 percent from the prior 4-week average. Increases were primarily for South Korea (2,500 MT, including decreases of 400 MT), China (1,900 MT, including decreases of 100 MT), Japan (1,400 MT, including decreases of 400 MT), Canada (800 MT, including decreases of 100 MT), and Taiwan (400 MT, including decreases of 200 MT). |
| Weekly Export Details | Exports of 14,300 MT were down 11 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Japan (3,800 MT), South Korea (2,600 MT), China (2,000 MT), Mexico (1,800 MT), and Taiwan (1,800 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 7.2% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2024: 26,500 |
| Weekly Sales Details | Net sales of 26,500 MT for 2024 were down 55 percent from the previous week and 29 percent from the prior 4-week average. Increases were primarily for Mexico (9,000 MT, including decreases of 200 MT), Japan (6,400 MT, including decreases of 100 MT), China (3,400 MT, including decreases of 100 MT), Colombia (1,700 MT, including decreases of 100 MT), and South Korea (1,700 MT, including decreases of 100 MT). |
| Weekly Export Details | Exports of 32,400 MT were up 8 percent from the previous week and from the prior 4- week average. The destinations were primarily to Mexico (14,100 MT), China (4,300 MT), Japan (3,400 MT), South Korea (2,500 MT), and Canada (2,200 MT). |
| Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.5% from last year. |