This summary is based on reports from exporters for the period March 1-7, 2024.
Wheat:
Net sales of 83,800 metric tons (MT) for 2023/2024--a marketing-year low--were
down 69 percent from the previous week and 71 percent from the prior 4-week
average. Increases primarily for Mexico (159,100 MT, including decreases of
11,000 MT), the Philippines (49,200 MT), Japan (24,700 MT), Colombia (19,500 MT,
including 20,000 MT switched from unknown destinations and decreases of 500 MT),
and Guatemala (17,700 MT, including decreases of 700 MT), were offset by
reductions for unknown destinations (169,000 MT) and China (120,100 MT). Net
sales of 81,300 MT for 2024/2025 were reported for the Philippines (60,000 MT),
Honduras (11,300 MT), and Mexico (10,000 MT). Exports of 453,500 MT were up 23
percent from the previous week and 9 percent from the prior 4-week average. The
destinations were primarily to the Philippines (133,200 MT), China (119,900 MT),
Mexico (91,900 MT), Colombia (19,500 MT), and Jamaica (17,500 MT).
Export Adjustments:
Accumulated exports of white wheat to Indonesia were adjusted down 16,506
MT for week ending February 8th. The correct destinations for these shipments
are Malaysia 11,004 MT and Vietnam 5,502 MT and are included in this week’s
report.
Corn:
Net sales of 1,283,400 MT for 2023/2024 were up 16 percent from the previous
week and 19 percent from the prior 4-week average. Increases primarily for Japan
(346,100 MT, including 110,000 MT switched from unknown destinations and
decreases of 70,700 MT), Mexico (223,000 MT, including decreases of 1,000 MT),
Taiwan (191,900 MT), China (133,000 MT, including 65,000 MT switched from
unknown destinations), and Saudi Arabia (132,400 MT, including 60,000 MT
switched from unknown destinations), were offset by reductions for unknown
destinations (6,700 MT) and Nicaragua (400 MT). Exports of 1,258,600 MT were up
9 percent from the previous week and 17 percent from the prior 4-week average.
The destinations were primarily to Mexico (467,000 MT), Japan (313,100 MT),
Colombia (164,400 MT), Taiwan (76,700 MT), and China (68,000 MT).
Barley:
No net sales were reported for the week. Exports of 300 MT were to Japan (200
MT) and South Korea (100 MT).
Sorghum: Total net sales of 5,700 MT for
2023/2024 were down 93 percent from the previous week and 96 percent from the
prior 4-week average. The destination was China. Exports of 65,000 MT were down
52 percent from the previous week and 66 percent from the prior 4-week average.
The destination was China.
Rice:
Net sales of 43,800 MT for 2023/2024 were down 48 percent from the previous week
and 46 percent from the prior 4-week average. Increases primarily for Mexico
(37,600 MT), Saudi Arabia (8,600 MT), Japan (6,000 MT), Honduras (5,000 MT), and
Canada (1,100 MT, including decreases of 100 MT), were offset by reductions for
Jordan (14,000 MT), Guatemala (700 MT), Haiti (500 MT), and El Salvador (300
MT). Exports of 89,600 MT were down 12 percent from the previous week and 7
percent from the prior 4-week average. The destinations were primarily to Mexico
(44,300 MT), Haiti (27,300 MT), Saudi Arabia (9,900 MT), South Korea (3,400 MT),
and Canada (1,900 MT).
Soybeans:
Net sales of 376,000 MT for 2023/2024 were
down 39 percent from the previous week, but up 55 percent from the prior 4-week
average.
Increases primarily for China (256,100 MT, including 187,000 MT switched from
unknown destinations and decreases of 4,100 MT), Germany (142,700 MT), Indonesia
(73,300 MT, including 55,000 MT switched from unknown destinations and decreases
of 100 MT), the Netherlands (69,000 MT, including 60,000 MT switched from
unknown destinations), and Mexico (66,700 MT, including decreases of 34,800 MT),
were offset by reductions for unknown destinations (310,800 MT).
Net sales of 94,300 MT for 2024/2025 were reported for unknown destinations
(60,000 MT) and Mexico (34,300 MT). Exports of 947,900 MT were down 33 percent
from the previous week and 24 percent from the prior 4-week average. The
destinations were primarily to China (400,300 MT), Germany (142,700 MT), Mexico
(97,200 MT), Indonesia (79,800 MT), and the Netherlands (69,000 MT).
Exports for Own Account:
For
2023/2024, the current exports for own account outstanding balance of 3,200 MT
are for Canada (1,400 MT), Taiwan (800 MT), Bangladesh (500 MT), and Malaysia
(500 MT).
Export Adjustments:
Accumulated exports of soybeans to the Netherlands were adjusted down 142,736 MT
for week ending February 22nd. The correct destination for this shipment is
Germany.
Soybean Cake and Meal:
Net sales of 209,500 MT for 2023/2024 were up 33 percent from the
previous week, but down 18 percent from the prior 4-week average. Increases
primarily for Italy (77,000 MT, including 72,000 MT switched from unknown
destinations), Mexico (37,500 MT), Colombia (35,700 MT, including 20,000 MT
switched from unknown destinations), Spain (32,900 MT switched from unknown
destinations), and Canada (14,700 MT), were offset by reductions primarily for
unknown destinations (35,000 MT), Costa Rica (1,000 MT), Panama (800 MT),
Belgium (600 MT), and Jamaica (200 MT). Net sales of 96,300 MT for 2024/2025
were reported for unknown destinations (96,000 MT) and Canada (300 MT). Exports
of 373,100 MT were down 3 percent from the previous week, but up 15 percent from
the prior 4-week average. The destinations were primarily to Italy (77,000 MT),
Mexico (55,800 MT), the Philippines (50,300 MT), Spain (32,900 MT), and New
Zealand (32,300 MT).
Soybean Oil:
Net sales of 11,200 MT for 2023/2024 were down 62 percent from the previous
week, but up 67 percent from the prior 4-week average. Increases were reported
for Mexico (7,000 MT) and Canada (4,200 MT). Total net sales of 6,900 MT for
2024/2025 were for Mexico. Exports of 1,800 MT--a marketing-year high--were up
noticeably from the previous week and up 81 percent from the prior 4-week
average. The destinations were to Mexico (1,400 MT) and Canada (400 MT).
Cotton:
Net sales of Upland totaling 85,800 RB for 2023/2024 were up 65 percent from the
previous week, but down 10 percent from the prior 4-week average. Increases
primarily for Turkey (30,700 RB, including decreases of 100 RB), China (28,200
RB, including decreases of 7,900 RB), Mexico (13,300 RB, including decreases of
800 RB), Vietnam (9,200 RB, including 2,700 RB switched from China, 2,200 RB
switched from South Korea, 200 RB switched from Japan, and decreases of 200 RB),
and Indonesia (5,900 RB, including 100 RB switched from Japan), were offset by
reductions for Pakistan (13,300 RB), South Korea (1,300 RB), and Bangladesh (700
RB). Net sales of 112,700 RB for 2024/2025 were reported for Guatemala (87,100
RB), Honduras (25,400 RB), and Japan (200 RB). Exports of 293,300 RB were down
11 percent from the previous week, but up 4 percent from the prior 4-week
average. The destinations were primarily to China (117,100 RB), Pakistan (51,900
RB), Vietnam (41,700 RB), Bangladesh (24,000 RB), and Turkey (21,000 RB). Net
sales of Pima totaling 6,800 RB for 2023/2024 were down 38 from the previous
week, but up 9 percent from the prior 4-week average. Increases were primarily
for India (2,400 RB), China (2,200 RB), Pakistan (600 RB), Thailand (400 RB),
and Italy (400 RB). Exports of 6,500 RB were up 3 percent from the previous week
and 35 percent from the prior 4-week average. The destinations were primarily to
India (2,500 RB), China (1,500 RB), Peru (1,100 RB), Pakistan (500 RB), and
Turkey (400 RB).
Optional Origin Sales:
For 2023/2024, the current outstanding balance of 4,400 RB, all
Bangladesh. For 2024/2025, the current outstanding balance of 8,800 RB, all
Pakistan.
Exports for Own Account:
For 2023/2024, new exports for own account totaling 3,100 RB were to China.
Exports for own account totaling 700 RB to China were applied to new or
outstanding sales. The current exports for own account outstanding balance of
78,200 RB are for China (56,400 RB), Vietnam (13,200 RB), Pakistan (5,000 RB),
South Korea (2,400 RB), and Turkey (1,200 RB).
Hides and Skins:
Net
sales of 317,300 pieces for 2024 were down 19 percent from the previous week and
from the prior 4-week average. Increases primarily for China (209,700 whole
cattle hides, including decreases of 22,900 pieces), South Korea (43,300 whole
cattle hides, including decreases of 1,000 pieces), Mexico (39,000 whole cattle
hides, including decreases of 400 pieces), Brazil (13,600 whole cattle hides),
and Thailand (12,100 whole cattle hides, including decreases of 1,800 pieces),
were offset by reductions for Italy (600 pieces) and Indonesia (200 pieces). In
addition, total net sales reductions of 2,900 kip skins were for China. Exports
of 367,700 pieces were down 6 percent from the previous week and 17 percent from
the prior 4-week average. Whole cattle hides exports were primarily to China
(261,700 pieces), Mexico (29,800 pieces), South Korea (27,800 pieces), Brazil
(22,400 pieces), and Thailand (17,700 pieces).
Net
sales of 120,400 wet blues for 2024 were down 40 percent from the previous week
and 53 percent from the prior 4-week average. Increases primarily for Thailand
(65,800 unsplit, including decreases of 9,000 unsplit), China (25,000 unsplit),
Italy (19,500 unsplit, including decreases of 100 unsplit), Vietnam (7,400
unsplit, including decreases of 200 unsplit), and Brazil (1,800 unsplit,
including decreases of 200 grain splits), were offset by reductions for Taiwan
(100 unsplit). Net sales of 2,000 unsplit for 2025 reported for Hong Kong (5,000
unsplit), were offset by reductions for Italy (3,000 unsplit). Exports of
133,000 wet blues were down 1 percent from the previous week and 14 percent from
the prior 4-week average. The destinations were primarily to Vietnam (45,200
unsplit and 4,000 grain splits), Italy (34,000 unsplit and 3,000 grain splits),
China (20,600 unsplit), Hong Kong (9,600 unsplit), and Taiwan (6,200 unsplit).
Net sales of 40,600 splits reported for China (42,500 pounds), were offset by
reductions for Vietnam (1,900 pounds). Exports of 1,700 pounds were to Vietnam.
Beef:
Net sales of 11,200 MT for 2024--a marketing-year low--were down 20 percent from
the previous week and 19 percent from the prior 4-week average. Increases were
primarily for Taiwan (2,300 MT), Japan (2,300 MT, including decreases of 400
MT), Mexico (1,700 MT, including decreases of 100 MT), China (1,700 MT,
including decreases of 200 MT), and Canada (1,000 MT, including decreases of 100
MT). Exports of 16,000 MT were unchanged from the previous week and from the
prior 4-week average. The destinations were primarily to South Korea (4,800 MT),
Japan (4,100 MT), China (2,500 MT), Mexico (1,800 MT), and Canada (800 MT).
Pork:
Net sales of 24,900 MT for 2024 were down 32 percent from the previous week and
24 percent from the prior 4-week average. Increases primarily for Mexico (11,100
MT, including decreases of 1,000 MT), Japan (5,700 MT, including decreases of
200 MT), South Korea (4,100 MT, including decreases of 200 MT), China (3,900 MT,
including decreases of 100 MT), and Colombia (1,000 MT, including decreases of
100 MT), were offset by reductions for Vietnam (4,700 MT). Exports of 34,500 MT
were up 8 percent from the previous week, but down 1 percent from the prior
4-week average. The destinations were primarily to Mexico (11,700 MT), South
Korea (5,600 MT), Japan (5,300 MT), China (3,800 MT), and Canada (1,700 MT).
Late Reporting:
For 2024, exports totaling 100 MT of pork were reported late to Taiwan.
March 14, 2024 1 FOREIGN AGRICULTURAL SERVICE/USDA
SUMMARY OF EXPORT TRANSACTIONS
REPORTED UNDER THE DAILY SALES REPORTING SYSTEM
FOR PERIOD ENDING MARCH 7, 2024
COMMODITY DESTINATION QUANITY (MT) MARKETING YEAR
CORN TAIWAN 110,000 MT 1/ 2023/2024
SOYBEAN CAKE AND MEAL UNKNOWN 30,000 MT 1/ 2023/2024
SOYBEAN CAKE AND MEAL UNKNOWN 96,000 MT 1/ 2024/2025
SRW WHEAT CHINA 240,000 MT 2/ 2023/2024
1/ Export sales. 2/ Cancellations of export sales.