USDA Weekly Export Sales Report Week Ended June 6, 2024 | |
Corn | |
Actual Sales (in MT) | 2023-24: 1,056,100 |
Expectations (in MT) | 2023-24: 700,000-1,250,000 |
Weekly Sales Details | Net sales of 1,056,100 MT for 2023/2024 were down 11 percent from the previous week, but up 16 percent from the prior 4-week average. Increases primarily for Japan (414,100 MT, including 110,000 MT switched from unknown destinations and decreases of 1,000 MT), Colombia (184,500 MT, including 101,000 MT switched from unknown destinations and decreases of 38,900 MT), Mexico (168,000 MT, including decreases of 4,100 MT), unknown destinations (99,900 MT), and China (70,900 MT, including decreases of 200 MT), were offset by reductions for Honduras (30,000 MT), Panama (17,000 MT), and Costa Rica (200 MT). Net sales of 69,500 MT for 2024/2025 reported for Mexico (42,600 MT), unknown destinations (20,000 MT), and Panama (16,000 MT), were offset by reductions for Japan (8,000 MT) and Nicaragua (1,100 MT). |
Weekly Export Details | Exports of 1,249,000 MT were down 16 percent from the previous week, but up 1 percent from the prior 4-week average. The destinations were primarily to Mexico (422,800 MT), Japan (262,900 MT), Colombia (103,400 MT), Taiwan (81,200 MT), and China (76,800 MT). |
Comments and Performance Indicators | Export commitments are 36.5% ahead of a year-ago, compared to 33.7% 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: 223,900 |
Expectations (in MT) | 2024-25: 250,000-600,000 |
Weekly Sales Details | Net sales of 223,900 metric tons (MT) for the 2024/2025 marketing year, which began June 1, primarily for Mexico (79,600 MT), the Philippines (54,900 MT, including decreases of 5,500 MT), the Dominican Republic (43,700 MT), Japan (32,100 MT), and Brazil (30,000 MT), were offset by reductions for unknown destinations (84,600 MT), Barbados (1,100 MT), and Taiwan (200 MT). A total of 115,300 MT in sales were carried over from the 2023/2024 marketing year, which ended May 31. Total net sales of 21,600 MT for 2025/2026 were for Mexico. |
Weekly Export Details | Exports for the period ending May 31, of 7,400 MT brought accumulated exports to 18,529,700 MT, up 4 percent from the prior year’s total of 17,758,500 MT. The destinations were to the Dominican Republic (5,500 MT) and Canada (1,900 MT). Exports for June 1 of 260,500 MT were primarily to the Philippines (74,900 MT), Indonesia (57,100 MT), Mexico (28,900 MT), Nigeria (27,500 MT), and Taiwan (26,200 MT). |
Comments and Performance Indicators | Export commitments are 27.8% ahead of year-ago. USDA projects exports in 2024-25 exports are projected at 800 million bu. |
Soybeans | |
Actual Sales (in MT) | 2023-24: 377,100 |
Expectations (in MT) | 2023-24: 150,000-550,000 |
Weekly Sales Details | Net sales of 377,100 MT for 2023/2024 were up 99 percent from the previous week and 42 percent from the prior 4-week average. Increases primarily for China (109,100 MT), the Netherlands (56,600 MT, including 60,000 MT switched from unknown destinations and decreases of 3,400 MT), Indonesia (50,100 MT, including decreases of 500 MT), unknown destinations (42,500 MT), and Mexico (33,400 MT, including decreases of 400 MT), were offset by reductions primarily for the Philippines (3,600 MT), Cambodia (1,500 MT), Bangladesh (1,400 MT), Sri Lanka (1,200 MT), and Burma (400 MT). Total net sales of 3,000 MT for 2024/2025 were for Taiwan. |
Weekly Export Details | Exports of 215,300 MT were down 45 percent from the previous week and 34 percent from the prior 4-week average. The destinations were primarily to the Netherlands (56,600 MT), Mexico (52,000 MT), Indonesia (33,200 MT), Japan (20,900 MT), and Colombia (11,100 MT). |
Comments and Performance Indicators | Export commitments are running 14.4% behind a year-ago, compared to 15.2% 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: 143,300 |
Expectations | 2023-24: 175,000-450,000 |
Weekly Sales Details | Net sales of 143,300 MT for 2023/2024 were down 43 percent from the previous week and 40 percent from the prior 4-week average. Increases primarily for Mexico (64,300 MT, including decreases of 3,800 MT), unknown destinations (23,000 MT), Canada (10,900 MT), Kuwait (7,500 MT), and Taiwan (7,300 MT), were offset by reductions primarily for Honduras (2,400 MT), Belgium (1,400 MT), Jamaica (1,200 MT), Costa Rica (800 MT), and Colombia (700 MT). Net sales of 27,100 MT for 2024/2025 reported for Mexico (12,000 MT), the Dominican Republic (8,000 MT), El Salvador (6,500 MT), Japan (500 MT), and Canada (500 MT), were offset by reductions for Sri Lanka (500 MT). |
Weekly Export Details | Exports of 286,400 MT were up 24 percent from the previous week and 31 percent from the prior 4-week average. The destinations were primarily to the Philippines (51,200 MT), Colombia (45,500 MT), Canada (37,400 MT), Saudi Arabia (37,300 MT), and Mexico (29,300 MT). |
Comments and Performance Indicators | Export commitments are 11.8% ahead of a year-ago, compared to 10.6% 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: 14,600 |
Expectations | 2023-24: (5,000)-12,000 |
Weekly Sales Details | Net sales of 14,600 MT for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for South Korea (12,000 MT), the Dominican Republic (1,000 MT), Mexico (800 MT), and Canada (500 MT). Net sales of 3,200 MT for 2024/2025 reported for Mexico (3,700 MT) and Jamaica (500 MT), were offset by reductions for the Dominican Republic (1,000 MT). |
Weekly Export Details | Exports of 2,500 MT were up 76 percent from the previous week, but down 73 percent from the prior 4-week average. The destinations were to Mexico (1,700 MT), Canada (500 MT), and the Dominican Republic (300 MT). |
Comments and Performance Indicators | Export commitments are running 28.2% ahead of a year-ago, compared 16.6% ahead last week. USDA projects exports will decrease 7.6% in 2023-24. |
Cotton | |
Actual Upland Sales (in RB) | 2023-24: 177,100 |
Weekly Sales Details | Net sales of Upland totaling 177,100 RB for 2023/2024 were up 28 percent from the previous week, but down 2 percent from the prior 4-week average. Increases primarily for China (77,500 RB, including decreases of 900 RB), Vietnam (28,900 RB, including 1,000 RB switched from Indonesia, 300 RB switched from South Korea, and decreases of 200 RB), Pakistan (16,900 RB), Macau (14,800 RB), and Mexico (6,200 RB), were offset by reductions for El Salvador (1,900 RB). Net sales of 177,400 RB for 2024/2025 were primarily for Vietnam (73,500 RB), China (67,300 RB), Mexico (11,400 RB), Indonesia (8,700 RB), and Peru (4,800 RB). |
Weekly Export Details | Exports of 186,600 RB were up 19 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to China (73,400 RB), Turkey (17,700 RB), Vietnam (16,600 RB), Pakistan (14,000 RB), and Bangladesh (11,400 RB). Net sales of Pima totaling 3,700 RB for 2023/2024 were up 87 percent from the previous week, but down 29 percent from the prior 4-week average. Increases were primarily for India (2,800 RB), Peru (400 RB), Italy (100 RB), Thailand (100 RB), and Indonesia (100 RB). Exports of 9,000 RB were up 12 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to India (3,100 RB), Pakistan (2,300 RB), China (1,300 RB), Vietnam (900 RB), and Thailand (400 RB). |
Comments and Performance Indicators | Upland cotton export commitments are running 7.2% behind a year ago, compared to 8.5% 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: 12,000 |
Weekly Sales Details | Net sales of 12,000 MT for 2024 were down 17 percent from the previous week and 28 percent from the prior 4-week average. Increases were primarily for South Korea (3,300 MT, including decreases of 300 MT), Japan (3,000 MT, including decreases of 300 MT), Canada (1,400 MT, including decreases of 100 MT), China (1,300 MT, including decreases of 100 MT), and Mexico (800 MT). |
Weekly Export Details | Exports of 16,600 MT were up 8 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to South Korea (4,100 MT), Japan (4,000 MT), China (2,100 MT), Taiwan (1,800 MT), and Canada (1,500 MT). |
Comments and Performance Indicators | USDA projects 2024 exports will fall 7.2% from a year ago. |
Pork | |
Actual Sales (in MT) | 2024: 30,100 |
Weekly Sales Details | Net sales of 30,100 MT for 2024 were up 1 percent from the previous week, but down 1 percent from the prior 4-week average. Increases were primarily for Mexico (14,000 MT, including decreases of 200 MT), Japan (4,200 MT, including decreases of 200 MT), Colombia (2,600 MT, including decreases of 100 MT), Canada (2,000 MT, including decreases of 700 MT), and Australia (1,700 MT). |
Weekly Export Details | Exports of 32,800 MT were down 5 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Mexico (14,000 MT), Japan (4,400 MT), China (3,500 MT), South Korea (3,300 MT), and Canada (2,100 MT). |
Comments and Performance Indicators | USDA projects exports in 2024 will rise 6.5% from last year. |