Export Sales Highlights

 

This summary is based on reports from exporters for the period May 10-16, 2024.

 

Wheat:  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). 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).

 

Corn:  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). 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). 

Optional Origin Sales:  For 2023/2024, new optional sales of 52,000 MT were for Japan. The current outstanding balance of 52,000 MT were for Japan. 

Barley:  No net sales for 2023/204 were reported for the week. Total net sales of 100 MT for 2024/2025 were for South Korea. Exports of 400 MT were to Japan. 

Sorghum:  Total net sales of 4,400 MT for 2023/2024 were down 63 percent from the previous week and 85 percent from the prior 4-week average. The destination was China. Exports of 127,000 MT were down 10 percent from the previous week, but up 2 percent from the prior 4-week average. The destination was China.

 

Rice:  Net sales of 33,100 MT for 2023/2024 were up 28 percent from the previous week and 1 percent from the prior 4-week average. Increases were primarily for Mexico (23,400 MT, including decreases of 3,000 MT), Honduras (6,000 MT), Canada (1,900 MT), Guatemala (500 MT), and Jordan (500 MT). Exports of 133,200 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to Mexico (59,800 MT), Colombia (46,800 MT), Guatemala (13,800 MT), El Salvador (3,600 MT), and South Korea (3,500 MT).

 

Soybeans:  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). 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).  

Exports for Own Account:  For 2023/2024, the current exports for own account outstanding balance of 3,300 MT are for Canada (1,400 MT), Taiwan (900 MT), Bangladesh (500 MT), and Malaysia (500 MT).  

Late Reporting:  For 2023/2024, net sales and exports totaling 8,065 MT of soybeans were reported late for Canada. 

Soybean Cake and Meal:  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). 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).

 

Soybean Oil:  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. 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).

 

Cotton:  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). 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).

 

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 5,300 RB were to China. The current exports for own account outstanding balance of 96,800 RB are for China (72,100 RB), Vietnam (14,700 RB), Pakistan (5,100 RB), South Korea (3,700 RB), and Turkey (1,200 RB).

 

Hides and Skins:  Net sales of 361,500 pieces for 2024 were down 13 percent from the previous week and 17 percent from the prior 4-week average. Increases primarily for China (246,000 whole cattle hides, including decreases of 7,400 pieces), Brazil (50,300 whole cattle hides, including decreases of 200 pieces), Mexico (28,400 whole cattle hides, including decreases of 3,800 pieces), South Korea (25,100 whole cattle hides, including decreases of 700 pieces), and Turkey (4,800 whole cattle hides), were offset by reductions for Italy (200 pieces). Exports of 402,700 pieces were up 28 percent from the previous week and 4 percent from the prior 4-week average. Whole cattle hides exports were primarily to China (241,200 pieces), Mexico (59,500 pieces), South Korea (44,200 pieces), Thailand (27,100 pieces), and Brazil (9,000 pieces). In addition, exports of 1,200 kip skins were to China.

 

Net sales of 326,100 wet blues for 2024 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Vietnam (117,300 unsplit, including decreases of 12,000 grain splits), China (108,400 unsplit), Italy (75,100 unsplit, including decreases of 48,800 unsplit and 200 grain splits), Thailand (17,600 unsplit), and Brazil (10,200 unsplit, including decreases of 100 unsplit), were offset by reductions for Hong Kong (200 unsplit) and the Dominican Republic (100 unsplit). Total net sales of 50,000 unsplit for 2025 were for Italy. Exports of 158,600 wet blues were up 31 percent from the previous week and 23 percent from the prior 4-week average. The destinations were primarily to Thailand (41,000 unsplit and 1,300 grain splits), Italy (35,300 unsplit), Vietnam (27,100 unsplit), China (20,200 unsplit), and Hong Kong (13,400 unsplit). Net sales of 117,500 splits were reported for Vietnam (74,500 pounds) and China (43,000 pounds).

Beef:  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). 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). 

Pork:  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). 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).  

 

May 23, 2024                          1                      FOREIGN AGRICULTURAL SERVICE/USDA

 

SUMMARY OF EXPORT TRANSACTIONS

REPORTED UNDER THE DAILY SALES REPORTING SYSTEM

FOR PERIOD ENDING MAY 16, 2024

 

COMMODITY                                         DESTINATION                          QUANITY (MT)                            MARKETING YEAR

                                      

CORN                                                       MEXICO                                    135,000 MT 1/                                  2023/2024

CORN                                                       MEXICO                                    270,000 MT 1/                                  2024/2025

SOYBEANS                                             UNKNOWN                               120,000 MT 1/                                   2023/2024

SOYBEANS                                             UNKNOWN                                 60,000 MT 1/                                   2024/2025

 

1/ Export sales.