| USDA Weekly Export Sales Report Week Ended Feb. 27, 2025 | |
| Corn | |
| Actual Sales (in MT) | 2024-25: 909,100 |
| Expectations (in MT) | 2024-25: 700,000-1,000,000 |
| Weekly Sales Details | Net sales of 909,100 MT for 2024/2025 were up 15 percent from the previous week, but down 32 percent from the prior 4-week average. Increases primarily for Japan (260,600 MT, including 149,600 MT switched from unknown destinations and decreases of 62,200 MT), Mexico (249,400 MT, including 54,000 MT switched from unknown destinations and decreases of 89,100 MT), South Korea (132,200 MT, including decreases of 800 MT), Colombia (117,200 MT, including 29,900 MT switched from unknown destinations and decreases of 106,000 MT), and Portugal (92,600 MT, including 55,000 MT switched from Spain), were offset by reductions for unknown destinations (248,100 MT), El Salvador (9,500 MT), and Costa Rica (8,400 MT). Net sales of 52,000 MT for 2025/2026 were reported for Japan (42,000 MT) and Mexico (10,000 MT). |
| Weekly Export Details | Exports of 1,266,900 MT were down 4 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Mexico (409,900 MT), Japan (272,600 MT), Spain (138,400 MT), Portugal (92,600 MT), and the Netherlands (72,600 MT). |
| Comments and Performance Indicators | Export commitments are 26.4% ahead of a year-ago, compared to 27.7% 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: 338,700 |
| Expectations (in MT) | 2024-25: 225,000-450,000 |
| Weekly Sales Details | Net sales of 338,700 metric tons (MT) for 2024/2025 were up 26 percent from the previous week, but down 25 percent from the prior 4-week average. Increases primarily for Mexico (91,900 MT, including decreases of 7,100 MT), the Philippines (66,600 MT), the Dominican Republic (47,000 MT, including 30,800 MT switched from unknown destinations), Ecuador (39,200 MT), and Nigeria (31,000 MT), were offset by reductions for unknown destinations (17,000 MT), Thailand (2,800 MT), Italy (1,200 MT), Vietnam (900 MT), and the Leeward and Winward Islands (800 MT). Net sales of 77,000 MT for 2025/2026 were reported for Honduras (40,000 MT), Mexico (30,000 MT), and Guatemala (7,000 MT). |
| Weekly Export Details | Exports of 380,300 MT were unchanged from the previous week, but up 5 percent from the prior 4-week average. The destinations were primarily to Mexico (75,000 MT), the Philippines (72,600 MT), Thailand (57,700 MT), Vietnam (39,900 MT), and Japan (33,800 MT). |
| Comments and Performance Indicators | Export commitments are 10.2% ahead of year-ago, compared to 10.0% ahead last week. USDA projects exports in 2024-25 exports are projected at 850 million bu., up 20.2% from last year. |
| Soybeans | |
| Actual Sales (in MT) | 2024-25: 352,900 |
| Expectations (in MT) | 2024-25: 300,000-550,000 |
| Weekly Sales Details | Net sales of 352,900 MT for 2024/2025 were down 14 percent from the previous week, but unchanged from the prior 4-week average. Increases primarily for China (205,700 MT, including 202,000 MT switched from unknown destinations and decreases of 4,200 MT), Germany (114,100 MT), Egypt (68,600 MT, including 11,000 MT switched from unknown destinations), the Netherlands (60,400 MT, including 60,000 MT switched from unknown destinations), and Mexico (55,000 MT, including decreases of 12,200 MT), were offset by reductions primarily for unknown destinations (216,900 MT), Spain (35,000 MT), Libya (27,500 MT), Pakistan (7,000 MT), and Panama (5,500 MT). Net sales of 54,900 MT for 2025/2026 were primarily for Mexico (40,300 MT), Japan (10,500 MT), and Thailand (3,400 MT). |
| Weekly Export Details | Exports of 792,800 MT were down 18 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to China (336,600 MT), Germany (114,100 MT), Mexico (71,600 MT), Egypt (64,600 MT), and the Netherlands (60,400 MT). |
| Comments and Performance Indicators | Export commitments are running 13.0% ahead of a year-ago, compared to 14.1% 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: 236,600 |
| Expectations | 2024-25: 150,000-400,000 |
| Weekly Sales Details | Net sales of 236,600 MT for 2024/2025 were up 34 percent from the previous week, but down 31 percent from the prior 4-week average. Increases primarily for Guatemala (74,300 MT, including 1,900 MT switched from Honduras and decreases of 2,600 MT), Venezuela (58,100 MT, including 26,000 MT switched from Panama), Libya (27,500 MT), Mexico (22,200 MT, including decreases of 300 MT), and Ireland (18,700 MT, including 17,000 MT switched from unknown destinations), were offset by reductions for Panama (33,100 MT), unknown destinations (7,000 MT), and El Salvador (2,800 MT). Total net sales of 100 MT for 2025/2026 were for Canada. |
| Weekly Export Details | Exports of 235,700 MT were down 34 percent from the previous week and 29 percent from the prior 4-week average. The destinations were primarily to the Mexico (56,500 MT), Venezuela (27,100 MT), Guatemala (26,300 MT), Philippines (22,700 MT), and Morocco (21,000 MT). |
| Comments and Performance Indicators | Export commitments are 12.5% ahead of a year-ago, compared to 11.9% 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: 54,800 |
| Expectations (in MT) | 2024-25: 20,000-45,000 |
| Weekly Sales Details | Net sales of 54,800 MT for 2024/2025 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for unknown destinations (20,000 MT), India (10,000 MT), Mexico (8,500 MT), Colombia (6,200 MT, including decreases of 3,400 MT), and Venezuela (5,200 MT), were offset by reductions for Costa Rica (1,500 MT), Ecuador (700 MT), and Honduras (600 MT). |
| Weekly Export Details | Exports of 33,200 MT were up noticeably from the previous week, but down 6 percent from the prior 4-week average. The destinations were primarily to the Dominican Republic (16,400 MT), Venezuela (6,100 MT), Mexico (5,400 MT), Colombia (4,500 MT), and Canada (700 MT). |
| Comments and Performance Indicators | Export commitments are well ahead of year-ago. USDA projects exports will jump 78.3% in 2023-24. |
| Cotton | |
| Actual Upland Sales (in RB) | 2024-25: 241,500 |
| Weekly Sales Details | Net sales of Upland totaling 241,500 RB for 2024/2025 were up 45 percent from the previous week and 6 percent from the prior 4-week average. Increases were primarily for Vietnam (73,100 RB, including 6,500 RB switched from China and 200 RB switched from South Korea), China (46,800 RB), Pakistan (32,600 RB, including decreases of 1,200 RB), Turkey (32,000 RB), and Thailand (18,900 RB, including decreases of 200 RB). Net sales of 105,600 RB for 2025/2026 were primarily for Pakistan (75,500 RB), Nicaragua (15,900 RB), Turkey (11,100 RB), and Vietnam (2,200 RB). |
| Weekly Export Details | Exports of 334,000 RB--a marketing[1]year high--were up 25 percent from the previous week and 28 percent from the prior 4- week average. The destinations were primarily to Vietnam (100,100 RB), Pakistan (65,400 RB), Turkey (46,000 RB), China (23,100 RB), and Bangladesh (17,700 RB). Net sales of Pima totaling 10,900 RB for 2024/2025 were down 51 percent from the previous week and 12 percent from the prior 4-week average. Increases were primarily for India (4,000 RB, including decreases of 400 RB), China (3,900 RB), Pakistan (1,100 RB), Hong Kong (700 RB), and Colombia (300 RB). Exports of 4,000 RB were down 60 percent from the previous week and 52 percent from the prior 4-week average. The destinations were primarily to India (2,100 RB), Thailand (600 RB), Turkey (400 RB), Vietnam (400 RB), and Guatemala (300 RB) |
| Comments and Performance Indicators | Upland cotton export commitments are running 9.0% behind a year ago, compared to 8.3% 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: 13,400 |
| Weekly Sales Details | Net sales of 13,400 MT for 2025 were down 27 percent from the previous week and 31 percent from the prior 4-week average. Increases were primarily for South Korea (3,300 MT, including decreases of 1,500 MT), Japan (2,900 MT, including decreases of 900 MT), China (2,500 MT, including decreases of 300 MT), Taiwan (2,100 MT, including decreases of 200 MT), and Mexico (1,000 MT, including decreases of 500 MT). |
| Weekly Export Details | Exports of 13,200 MT were down 11 percent from the previous week and 17 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), Mexico (1,300 MT), and Taiwan (800 MT). |
| Comments and Performance Indicators | USDA projects 2024 exports will fall 6.9% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2025: 42,400 |
| Weekly Sales Details | Net sales of 42,400 MT for 2025 were up 32 percent from the previous week and 27 percent from the prior 4-week average. Increases primarily for Mexico (21,800 MT, including decreases of 400 MT), China (11,300 MT, including decreases of 100 MT), Japan (3,200 MT, including decreases of 300 MT), Colombia (1,900 MT, including decreases of 100 MT), and South Korea (1,300 MT, including decreases of 700 MT), were offset by reductions for Canada (100 MT). |
| Weekly Export Details | Exports of 32,200 MT were down 6 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to Mexico (13,500 MT), Japan (4,200 MT), South Korea (4,200 MT), China (3,000 MT), and Colombia (2,000 MT). |
| Comments and Performance Indicators | USDA projects exports in 2025 will rise 2.5% from last year. |
Weekly upland cotton exports score marketing year high
Weekly exports of upland cotton totaled 334,000 RB during the week ended Feb. 27, while net sales rose 45% to 241,500 RB. Meanwhile, corn and wheat sales were up on the week, while soybean sales slid.
(Chip Flory)