USDA Weekly Export Sales Report Week Ended April 25, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 758,500 |
Expectations (in MT) | 2023-24: 650,000-1,300,000 |
Weekly Sales Details | Net sales of 758,500 MT for 2023/2024 were down 42 percent from the previous week and 1 percent from the prior 4-week average. Increases primarily for Japan (267,400 MT, including 159,600 MT switched from unknown destinations and decreases of 6,100 MT), Mexico (190,800 MT, including decreases of 16,100 MT), South Korea (140,700 MT, including 68,000 MT switched from unknown destinations and decreases of 200 MT), Colombia (50,400 MT, including 13,000 MT switched from unknown destinations and decreases of 32,600 MT), and Nicaragua (27,600 MT, including decreases of 2,700 MT), were offset by reductions for unknown destinations (16,800 MT) and Taiwan (900 MT). Net sales of 33,700 MT for 2024/2025 were reported for Mexico (30,000 MT) and Canada (3,700 MT). |
Weekly Export Details | Exports of 1,382,300 MT were down 19 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to Mexico (464,000 MT), Japan (362,600 MT), South Korea (265,700 MT), Colombia (157,100 MT), and Honduras (46,900 MT). |
Comments and Performance Indicators | Export commitments are 22.6% ahead of a year-ago, compared to 19.6% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual Sales (in MT) | 2023-24: 20,300 |
Expectations (in MT) | 2023-24: (100,000)-100,000 |
Actual Sales (in MT) | 2024-25: 406,900 |
Expectations (in MT) | 2024-25: 200,000-600,000 |
Weekly Sales Details | Net sales reductions of 20,300 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Nigeria (33,000 MT, including 30,000 MT switched from unknown destinations), Colombia (22,000 MT, including 20,000 MT switched from unknown destinations and decreases of 2,200 MT), Italy (19,700 MT), Indonesia (10,000 MT), and Mexico (6,500 MT, including decreases of 300 MT), were more than offset by reductions for unknown destinations (115,000 MT), Ecuador (20,000 MT), and the Philippines (100 MT). Net sales of 406,900 MT for 2024/2025 were primarily for Taiwan (106,700 MT), unknown destinations (95,000 MT), Colombia (43,500 MT), Chile (38,000 MT), and Japan (27,000 MT). |
Weekly Export Details | Exports of 508,600 MT were down 11 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to China (70,000 MT), Vietnam (58,700 MT), Mexico (52,000 MT), Japan (50,700 MT), and Italy (48,700 MT). |
Comments and Performance Indicators | Export commitments are running 0.6% behind a year-ago, compared to 0.7% ahead last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 414,000 |
Expectations (in MT) | 2023-24: 100,000-700,000 |
Weekly Sales Details | Net sales of 414,000 MT for 2023/2024 were up 96 percent from the previous week and 45 percent from the prior 4-week average. Increases primarily for Egypt (146,000 MT), Indonesia (112,000 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), Japan (92,800 MT, including 83,400 MT switched from unknown destinations and decreases of 2,100 MT), Taiwan (26,300 MT), and Colombia (25,600 MT, including 16,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (9,600 MT), Iran (5,500 MT), Jordan (1,500 MT), China (1,000 MT), and Mexico (600 MT). Net sales of 7,000 MT for 2024/2025 were reported for Taiwan (5,000 MT) and Indonesia (2,000 MT). |
Weekly Export Details | Exports of 269,100 MT--a marketing-year low--were down 36 percent from the previous week and 43 percent from the prior 4-week average. The destinations were primarily to Japan (86,100 MT), Indonesia (86,000 MT), Mexico (33,300 MT), Colombia (16,100 MT), and Vietnam (13,000 MT). |
Comments and Performance Indicators | Export commitments are running 17.3% behind a year-ago, compared to 17.7% 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: 131,000 |
Expectations | 2023-24: 150,000-350,000 |
Weekly Sales Details | Net sales of 131,000 MT for 2023/2024 were down 57 percent from the previous week and 37 percent from the prior 4-week average. Increases primarily for the Dominican Republic (40,400 MT, including decreases of 2,500 MT), Morocco (19,900 MT, including 20,000 MT switched from unknown destinations and decreases of 100 MT), Colombia (13,000 MT, including decreases of 7,600 MT), Nicaragua (12,800 MT, including 5,200 MT switched from Guatemala and decreases of 5,100 MT), and Jamaica (10,900 MT, including 2,000 MT switched from Trinidad and Tobago), were offset by reductions for unknown destinations (20,000 MT), Vietnam (14,500 MT), and Japan (800 MT). Total net sales of 3,400 MT for 2024/2025 were for Canada. |
Weekly Export Details | Exports of 295,800 MT were up 56 percent from the previous week and 8 percent from the prior 4- week average. The destinations were primarily to the Philippines (99,300 MT), Colombia (65,000 MT), Mexico (27,100 MT), Honduras (19,900 MT), and Canada (19,900 MT). |
Comments and Performance Indicators | Export commitments are 14.5% ahead of a year-ago, compared to 15.3% ahead last week. USDA projects exports in 2022-23 will increase 7.7% from the previous marketing year in 2023-24. |
Soyoil | |
Actual Sales (in MT) | 2023-24: 7,200 |
Expectations | 2023-24: (5,000)-10,000 |
Weekly Sales Details | Net sales of 7,200 MT for 2023/2024 were down 56 percent from the previous week, but up 21 percent from the prior 4-week average. Increases were primarily for Jamaica (3,500 MT), Colombia (2,900 MT, including decreases of 500 MT), and Canada (400 MT). |
Weekly Export Details | Exports of 2,200 MT were down 26 percent from the previous week and 53 percent from the prior 4-week average. The destinations were to Mexico (1,900 MT) and Canada (300 MT). |
Comments and Performance Indicators | Export commitments are running 5.2% behind a year-ago, compared to 0.7% behind last week. USDA projects exports will decrease 7.4% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 97,400 |
Weekly Sales Details | Net sales of Upland totaling 97,400 RB for 2023/2024 were down 45 percent from the previous week and 20 percent from the prior 4-week average. Increases primarily for Vietnam (29,600 RB, including 1,100 RB switched from South Korea and 400 RB switched from Japan), Pakistan (17,400 RB), China (15,000 RB, including decreases of 3,600 RB), India (7,100 RB, including decreases of 100 RB), and Bangladesh (6,300 RB), were offset by reductions for South Korea (1,100 RB) and Mexico (600 RB). Net sales of 34,400 RB for 2024/2025 primarily for Vietnam (9,200 RB), Turkey (7,500 RB), Mexico (5,400 RB), Pakistan (4,400 RB), and Ecuador (4,400 RB), were offset by reductions for Guatemala (4,000 RB). |
Weekly Export Details | Exports of 180,000 RB were down 31 percent from the previous week and 39 percent from the prior 4-week average. The destinations were primarily to China (56,100 RB), Pakistan (30,200 RB), Turkey (25,400 RB), Vietnam (16,100 RB), and Mexico (7,600 RB). Net sales of Pima totaling 4,600 RB for 2023/2024 were down 63 percent from the previous week and 25 percent from the prior 4-week average. Increases were reported for Vietnam (1,800 RB), China (1,500 RB), India (600 RB, including decreases of 800 RB), Colombia (500 RB), and Pakistan (200 RB). Exports of 4,600 RB were down 55 percent from the previous week and 51 percent from the prior 4-week average. The destinations were India (1,900 RB), China (1,700 RB), Pakistan (600 RB), Thailand (200 RB), and Colombia (200 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 7.0% behind a year ago, compared to 6.0% behind last week. USDA forecasts total cotton exports will fall 7.7% from a year ago to 12.30 million bales in 2023-24. |
Beef | |
Actual Sales (in MT) | 2024: 22,500 |
Weekly Sales Details | Net sales of 22,500 MT for 2024--a marketing-year high--were up 48 percent from the previous week and 38 percent from the prior 4-week average. Increases were primarily for South Korea (9,600 MT, including decreases of 700 MT), Japan (5,200 MT, including decreases of 200 MT), Taiwan (2,500 MT, including decreases of 200 MT), China (1,600 MT, including decreases of 300 MT), and Mexico (1,100 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 14,600 MT were up 6 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Japan (3,800 MT), South Korea (3,400 MT), China (2,300 MT), Taiwan (1,400 MT), and Mexico (1,200 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 8.3% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 33,600 |
Weekly Sales Details | Net sales of 33,600 MT for 2024 were up 17 percent from the previous week and 6 percent from the prior 4-week average. Increases were primarily for Mexico (21,600 MT, including decreases of 400 MT), Japan (4,200 MT, including decreases of 200 MT), Canada (1,300 MT, including decreases of 600 MT), Colombia (1,100 MT, including decreases of 100 MT), and South Korea (900 MT, including decreases of 100 MT). |
Weekly Export Details | Exports of 36,200 MT were down 10 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Mexico (14,200 MT), South Korea (5,300 MT), Japan (4,800 MT), China (3,600 MT), and Canada (1,900 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 7.7% from last year. |