USDA Weekly Export Sales Report Week Ended June 27, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 357,200 |
Expectations (in MT) | 2023-24: 500,000-900,000 |
Weekly Sales Details | Net sales of 357,200 MT for 2023/2024 were down 34 percent from the previous week and 57 percent from the prior 4-week average. Increases primarily for unknown destinations (138,400 MT), Colombia (78,800 MT, including decreases of 22,400 MT and 35,700 MT - late), Japan (47,000 MT, including decreases of 7,000 MT), Costa Rica (42,800 MT, including 15,100 MT - late), and the Dominican Republic (16,200 MT), were offset by reductions for El Salvador (8,400 MT), Morocco (1,000 MT), and Guatemala (100 MT). Net sales of 311,500 MT for 2024/2025 were reported for Mexico (301,000 MT), Japan (7,500 MT), Honduras (2,300 MT), and the United Kingdom (700 MT). |
Weekly Export Details | Exports of 894,400 MT were down 24 percent from the previous week and 34 percent from the prior 4-week average. The destinations were primarily to Mexico (224,300 MT), Japan (224,000 MT), Taiwan (141,500 MT), Honduras (60,000 MT, including 5,000 MT - late), and Spain (55,000 MT). |
Comments and Performance Indicators | Export commitments are 37.6% 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: 805,300 |
Expectations (in MT) | 2024-25: 350,000-700,000 |
Weekly Sales Details | Net sales of 805,300 metric tons (MT) for 2024/2025 primarily for Mexico (154,700 MT), the Philippines (154,400 MT, including decreases of 1,500 MT), Taiwan (104,200 MT), Brazil (90,000 MT), and South Korea (67,400 MT), were offset by reductions for Jamaica (1,500 MT). |
Weekly Export Details | Exports of 308,600 MT were primarily to Indonesia (75,500 MT), the Philippines (64,400 MT), South Korea (41,100 MT), the Dominican Republic (31,900 MT), and Nigeria (26,300 MT). |
Comments and Performance Indicators | Export commitments are 49.3% ahead of year-ago, compared to 44.5% ahead last week. USDA projects exports in 2024-25 exports are projected at 800 million bu. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 228,400 |
Expectations (in MT) | 2023-24: 200,000-600,000 |
Weekly Sales Details | Net sales of 228,400 MT for 2023/2024 were down 19 percent from the previous week and 32 percent from the prior 4-week average. Increases primarily for China (66,500 MT), the Netherlands (58,500 MT, including 60,000 MT switched from unknown destinations and decreases of 1,500 MT), Costa Rica (28,800 MT), Mexico (16,200 MT, including decreases of 1,800 MT), and Indonesia (13,200 MT, including decreases of 100 MT), were offset by reductions for unknown destinations (5,000 MT), Colombia (1,800 MT), and Nepal (500 MT). Net sales of 150,300 MT for 2024/2025 were primarily for unknown destinations (120,000 MT), Indonesia (11,200 MT), Thailand (8,000 MT), Malaysia (5,000 MT), and Japan (4,200 MT). |
Weekly Export Details | Exports of 304,100 MT were down 22 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Egypt (111,000 MT), the Netherlands (58,500 MT), Mexico (42,300 MT), Indonesia (32,600 MT), and Japan (18,100 MT). |
Comments and Performance Indicators | Export commitments are running 14.6% behind a year-ago, compared to 14.9% 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: 212,900 |
Expectations | 2023-24: 100,000-500,000 |
Weekly Sales Details | Net sales of 212,900 MT for 2023/2024 were down 3 percent from the previous week, but up 8 percent from the prior 4-week average. Increases primarily for Guatemala (73,300 MT, including decreases of 18,400 MT), Colombia (53,800 MT, including decreases of 200 MT), Venezuela (30,600 MT, including 6,000 MT switched from Colombia), Portugal (16,500 MT, including 15,000 MT switched from unknown destinations), and Costa Rica (9,600 MT), were offset by reductions for unknown destinations (18,000 MT), Nicaragua (1,000 MT), Japan (600 MT), the Netherlands (100 MT), and Cambodia (100 MT). Net sales of 288,600 MT for 2024/2025 were primarily for the Philippines (231,000 MT), Canada (35,900 MT), Mexico (8,000 MT), El Salvador (5,800 MT), and Costa Rica (5,600 MT). |
Weekly Export Details | Exports of 200,300 MT were down 16 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,500 MT), the Dominican Republic (27,500 MT), Morocco (22,600 MT), Canada (22,600 MT), and Mexico (17,200 MT). |
Comments and Performance Indicators | Export commitments are 11.4% ahead of a year-ago, compared to 11.0% 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: 16,500 |
Expectations | 2023-24: (5,000)-15,000 |
Weekly Sales Details | Net sales of 16,500 MT for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Increases were primarily for Mexico (7,900 MT), Venezuela (6,000 MT), Colombia (1,000 MT), Canada (1,000 MT, including decreases of 200 MT), and Jamaica (500 MT). Net sales reductions of 4,800 MT for 2024/2025 resulting in increases for Canada (2,700 MT), were more than offset by reductions for Venezuela (4,200 MT), Mexico (2,800 MT), and Jamaica (500 MT). |
Weekly Export Details | Exports of 29,200 MT--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were to South Korea (12,000 MT), Colombia (8,000 MT), Mexico (4,800 MT), Jamaica (4,000 MT), and Canada (400 MT). |
Comments and Performance Indicators | Export commitments are running 53.2% ahead of a year-ago, compared 32.9% ahead last week. USDA projects exports will decrease 7.6% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 115,400 |
Weekly Sales Details | Net sales of Upland totaling 115,400 RB for 2023/2024 were up 27 percent from the previous week, but down 23 percent from the prior 4-week average. Increases were primarily for China (63,600 RB, including decreases of 13,200 RB), Vietnam (27,600 RB, including decreases of 700 RB), Pakistan (6,400 RB, including decreases of 100 RB), Indonesia (6,000 RB), and Bangladesh (4,200 RB). Net sales of 56,900 RB for 2024/2025 were primarily for China (30,800 RB), Pakistan (8,800 RB), Peru (4,600 RB), India (3,300 RB), and Honduras (3,200 RB). |
Weekly Export Details | Exports of 175,800 RB were up 25 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to China (62,200 RB), Turkey (27,600 RB), Vietnam (24,400 RB), Pakistan (23,900 RB), and Mexico (9,500 RB). Net sales of Pima totaling 2,300 RB for 2023/2024 were down 53 percent from the previous week and 51 percent from the prior 4-week average. Increases reported for India (1,200 RB, including decreases of 800 RB), Pakistan (900 RB), South Korea (200 RB), and Vietnam (100 RB switched from Japan), were offset by reductions for Japan (100 RB). Exports of 7,800 RB were up 27 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to India (3,300 RB), China (2,000 RB), Italy (1,000 RB), Bangladesh (500 RB), and Peru (400 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 6.8% behind a year ago, compared to 6.9% 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: 15,500 |
Weekly Sales Details | Net sales of 15,500 MT for 2024 were down 8 percent from the previous week, but up 6 percent from the prior 4-week average. Increases were primarily for China (4,000 MT, including decreases of 300 MT), Japan (3,900 MT, including decreases of 200 MT), Mexico (1,800 MT, including decreases of 100 MT), Taiwan (1,700 MT, including decreases of 100 MT), and South Korea (1,200 MT, including decreases of 400 MT). |
Weekly Export Details | Exports of 16,100 MT were down 2 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Japan (4,300 MT), South Korea (3,000 MT), China (2,400 MT), Canada (1,500 MT), and Taiwan (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: 59,100 |
Weekly Sales Details | Net sales of 59,100 MT for 2024--a marketing-year high--were up 51 percent from the previous week and 96 percent from the prior 4-week average. Increases were primarily for Mexico (34,600 MT, including decreases of 300 MT), China (9,500 MT, including decreases of 200 MT), Japan (3,700 MT, including decreases of 300 MT), South Korea (2,100 MT, including decreases of 1,000 MT), and Colombia (2,000 MT, including decreases of 200 MT). |
Weekly Export Details | Exports of 30,000 MT were up 6 percent from the previous week, but down 4 percent from the prior 4-week average. The destinations were primarily to Mexico (12,600 MT), Japan (4,600 MT), China (2,700 MT), South Korea (2,600 MT), and Canada (1,900 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.5% from last year. |