USDA Weekly Export Sales Report Week Ended May 16, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 911,200 |
Expectations (in MT) | 2023-24: 500,000-1,200,000 |
Weekly Sales Details | Net sales of 911,200 MT for 2023/2024 were up 23 percent from the previous week, but down 1 percent from the prior 4-week average. Increases primarily for Mexico (350,300 MT, including decreases of 16,500 MT), China (273,800 MT, including 263,000 MT switched from unknown destinations), Japan (220,100 MT, including 43,300 MT switched from unknown destinations and decreases of 4,200 MT), Costa Rica (56,300 MT), and Panama (45,900 MT, including 22,900 MT switched from Colombia), were offset by reductions for unknown destinations (263,100 MT). Net sales of 305,000 MT for 2024/2025 were primarily for Mexico (286,000 MT), Costa Rica (9,900 MT), and Trinidad and Tobago (7,200 MT). |
Weekly Export Details | Exports of 1,448,600 MT were up 52 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Mexico (396,200 MT), China (275,200 MT), Japan (236,100 MT), Colombia (180,000 MT), and Saudi Arabia (72,600 MT). |
Comments and Performance Indicators | Export commitments are 29.7% ahead of a year-ago, compared to 27.1% 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: 17,900 |
Expectations (in MT) | 2023-24: (100,000)-100,000 |
Actual Sales (in MT) | 2024-25: 224,900 |
Expectations (in MT) | 2024-25: 200,000-650,000 |
Weekly Sales Details | Net sales of 17,900 metric tons (MT) for 2023/2024 were down 77 percent from the previous week and 61 percent from the prior 4-week average. Increases primarily for Haiti (12,100 MT, including 11,000 MT switched from the French West Indies), unknown destinations (11,000 MT), Vietnam (1,900 MT), Thailand (1,500 MT, including decreases of 300 MT), and the Philippines (1,100 MT, including decreases of 1,300 MT), were offset by reductions for the French West Indies (11,000 MT), Colombia (1,100 MT), Spain (400 MT), and Mexico (100 MT). Net sales of 224,900 MT for 2024/2025 primarily for Mexico (129,300 MT), Brazil (30,000 MT), unknown destinations (25,000 MT), Panama (21,200 MT), and Trinidad and Tobago (8,800 MT), were offset by reductions for Colombia (3,700 MT), the Philippines (2,000 MT), and Thailand (300 MT). |
Weekly Export Details | Exports of 197,200 MT were down 56 percent from the previous week and 58 percent from the prior 4-week average. The destinations were primarily to the Philippines (64,100 MT), Thailand (58,500 MT), Mexico (27,900 MT), Japan (25,900 MT), and Haiti (12,100 MT). |
Comments and Performance Indicators | Export commitments are running 0.4% ahead of a year-ago, compared to 0.2% 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: 279,400 |
Expectations (in MT) | 2023-24: 275,000-550,000 |
Weekly Sales Details | Net sales of 279,400 MT for 2023/2024 were up 5 percent from the previous week, but down 15 percent from the prior 4-week average. Increases primarily for Japan (73,500 MT, including 50,000 MT switched from unknown destinations and decreases of 100 MT), unknown destinations (70,700 MT), Egypt (55,000 MT), Costa Rica (31,500 MT), and Indonesia (25,300 MT, including decreases of 100 MT), were offset by reductions for Thailand (44,500 MT) and Mexico (3,300 MT). Net sales of 65,500 MT for 2024/2025 reported for unknown destinations (60,000 MT), Indonesia (6,000 MT), Taiwan (5,000 MT), and Japan (100 MT), were offset by reductions for Malaysia (5,600 MT). |
Weekly Export Details | Exports of 258,800 MT--a marketing-year low--were down 42 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to Mexico (87,800 MT), Japan (61,200 MT), Indonesia (24,000 MT), South Korea (20,400 MT), and Vietnam (16,500 MT). |
Comments and Performance Indicators | Export commitments are running 15.7% behind a year-ago, compared to 16.0% 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: 145,300 |
Expectations | 2023-24: 200,000-500,000 |
Weekly Sales Details | Net sales of 145,300 MT for 2023/2024 were down 52 percent from the previous week and 39 percent from the prior 4-week average. Increases primarily for Venezuela (37,000 MT, including 20,000 MT switched from Panama), the Dominican Republic (24,800 MT, including 8,000 MT switched from unknown destinations and decreases of 2,000 MT), Mexico (21,100 MT), Honduras (17,200 MT, including decreases of 9,900 MT), and Canada (11,200 MT), were offset by reductions for Panama (4,100 MT), the Philippines (1,500 MT), Burma (1,000 MT), Japan (600 MT), and Nicaragua (500 MT). Net sales of 51,400 MT for 2024/2025 were reported for Canada (41,900 MT) and Mexico (9,500 MT). |
Weekly Export Details | Exports of 178,800 MT were down 15 percent from the previous week and 23 percent from the prior 4-week average. The destinations were primarily to Vietnam (52,500 MT), Mexico (32,300 MT), Tunisia (31,100 MT), Canada (18,500 MT), and Panama (9,900 MT). |
Comments and Performance Indicators | Export commitments are 12.0% ahead of a year-ago, compared to 13.8% 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: (1,000) |
Expectations | 2023-24: 0-20,000 |
Weekly Sales Details | Net sales reductions of 1,000 MT for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Increases reported for Colombia (11,500 MT, including decreases of 400 MT), the Dominican Republic (1,500 MT, including decreases of 3,500 MT), Canada (800 MT), and Mexico (200 MT), were more than offset by reductions for Jamaica (15,000 MT). Total net sales of 4,000 MT for 2024/2025 were for Venezuela. |
Weekly Export Details | Exports of 20,600 MT--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were to Colombia (14,800 MT), the Dominican Republic (3,500 MT), Mexico (2,000 MT), and Canada (300 MT). |
Comments and Performance Indicators | Export commitments are running 5.0% ahead of a year-ago, compared 11.4% behind a year ago last week. USDA projects exports will decrease 7.6% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 202,900 |
Weekly Sales Details | Net sales of Upland totaling 202,900 RB for 2023/2024 were up 30 percent from the previous week and 19 percent from the prior 4-week average. Increases primarily for China (104,400 RB, including 3,800 RB switched from Singapore, 1,200 RB switched from Hong Kong, and decreases of 8,800 RB), Pakistan (42,000 RB), Vietnam (21,200 RB, including 3,400 RB switched from China, 1,700 RB switched from South Korea, and 700 RB switched from Japan), Turkey (15,000 RB, including 200 RB switched from China), and Bangladesh (4,700 RB), were offset by reductions for Singapore (3,800 RB) and Hong Kong (1,200 RB). Net sales of 47,900 RB for 2024/2025 primarily for China (13,200 RB), India (12,900 RB), Indonesia (12,100 RB), Turkey (4,400 RB), and Thailand (4,400 RB), were offset by reductions for South Korea (3,500 RB). |
Weekly Export Details | Exports of 204,100 RB were down 15 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to China (84,600 RB), Turkey (25,900 RB), Pakistan (24,500 RB), Vietnam (14,600 RB), and Indonesia (10,000 RB). Net sales of Pima totaling 9,900 RB for 2023/2024 were up noticeably from the previous week and up 51 percent from the prior 4-week average. Increases were primarily for Vietnam (3,900 RB), India (3,300 RB), Peru (1,100 RB), Turkey (600 RB, including decreases of 300 RB), and China (400 RB). Net sales of 700 RB for 2024/2025 were reported for Peru (400 RB) and Turkey (300 RB). Exports of 13,300 RB were up noticeably from the previous week and up 89 percent from the prior 4-week average. The destinations were primarily to India (4,500 RB), Vietnam (4,400 RB), China (3,300 RB), Turkey (400 RB), and Peru (300 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.0% behind a year ago, compared to 6.6% 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: 21,500 |
Weekly Sales Details | Net sales of 21,500 MT for 2024 were up 42 percent from the previous week and 32 percent from the prior 4-week average. Increases were primarily for China (5,800 MT, including decreases of 200 MT), South Korea (5,100 MT, including decreases of 400 MT), Mexico (2,900 MT), Japan (2,500 MT, including decreases of 300 MT), and Taiwan (1,600 MT, including decreases of 200 MT). |
Weekly Export Details | Exports of 17,300 MT--a marketing-year high--were up 11 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to South Korea (5,100 MT), Japan (3,300 MT), China (3,100 MT), Taiwan (1,500 MT), and Mexico (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: 26,300 |
Weekly Sales Details | Net sales of 26,300 MT for 2024 were up 24 percent from the previous week, but down 3 percent from the prior 4-week average. Increases were primarily for Mexico (10,300 MT, including decreases of 200 MT), Japan (4,100 MT, including decreases of 600 MT), South Korea (2,600 MT, including decreases of 800 MT), Canada (2,000 MT, including decreases of 600 MT), and Colombia (1,900 MT). |
Weekly Export Details | Exports of 34,300 MT were up 3 percent from the previous week, but down 5 percent from the prior 4-week average. The destinations were primarily to Mexico (13,900 MT), Japan (4,700 MT), South Korea (4,300 MT), China (3,200 MT), and Canada (1,700 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.5% from last year. |