Export Sales Highlights
This summary is based on reports from exporters for the period November 8-14,
2024.
Wheat:
Net sales of 549,600 metric tons (MT) for 2024/2025 were up 45 percent from the
previous week and 29 percent from the prior 4-week average. Increases primarily
for South Korea (200,100 MT), Mexico (91,000 MT), Indonesia (73,000 MT), Japan
(64,700 MT), and unknown destinations (56,200 MT), were offset by reductions for
the Leeward and Windward Islands (28,800 MT) and Thailand (13,000 MT). Exports
of 133,900 MT--a marketing-year low--were down 56 percent from the previous week
and 49 percent from the prior 4-week average. The destinations were primarily to
South Korea (55,700 MT), Venezuela (33,700 MT), Mexico (22,100 MT), Taiwan
(20,700 MT), and Vietnam (1,200 MT).
Corn:
Net sales of 1,494,600 MT for 2024/2025 were up 14 percent from the previous
week, but down 40 percent from the prior 4-week average. Increases primarily for
Mexico (787,400 MT, including 5,000 MT switched from Spain and decreases of
22,000 MT), unknown destinations (146,300 MT), Japan (132,100 MT, including
6,300 MT switched from unknown destinations and decreases of 1,600 MT), Colombia
(80,800 MT, including 50,000 MT switched from unknown destinations), and Vietnam
(68,200 MT, including 62,000 MT switched from unknown destinations), were offset
by reductions for Spain (5,000 MT) and Ireland (1,400 MT). Exports of 957,000 MT
were up 37 percent from the previous week and 13 percent from the prior 4-week
average. The destinations were primarily to Mexico (435,400 MT), Colombia
(157,700 MT), Japan (129,200 MT), Vietnam (68,200 MT), and Saudi Arabia (52,000
MT).
Optional Origin Sales:
For 2024/2025, decreases totaling 400 MT were for Canada. The current
outstanding balance of 700 MT, all Canada.
Barley:
Total net sales of 900 MT for 2024/2025 were for Canada. Exports of 600 MT were
to Canada (400 MT), Japan (100 MT), and South Korea (100 MT).
Sorghum:
Total net sales of 121,100 MT for 2024/2025
were down 14 percent from the previous week, but up noticeably from the prior
4-week average. Increases were for
China. Exports of 61,300 MT were down 13 percent from the previous week, but up
75 percent from the prior 4-week average. The destination was China.
Rice:
Net sales of 68,900 MT for 2024/2025 were down 38 percent from the previous
week, but up 6 percent from the prior 4-week average. Increases primarily for
Mexico (15,600 MT), unknown destinations (14,000 MT), Jordan (13,000 MT), Japan
(13,000 MT), and South Korea (8,600 MT), were offset by reductions for Canada
(1,500 MT), the Dominican Republic (600 MT), and Guatemala (300 MT). Exports of
36,800 MT were down 30 percent from the previous week and 40 percent from the
prior 4-week average. The destinations were primarily to Japan (13,800 MT),
Guatemala (9,100 MT), Mexico (8,100 MT), Canada (2,700 MT), and Jordan (1,400
MT).
Soybeans:
Net sales of 1,860,600 MT for 2024/2025 were up 20 percent from the previous
week, but down 7 percent from the prior 4-week average. Increases primarily for
China (1,197,000 MT, including 611,000 MT switched from unknown destinations and
decreases of 13,500 MT), Mexico (169,000 MT, including decreases of 70,000 MT),
the Netherlands (143,400 MT, including 120,000 MT switched from unknown
destinations), Germany (131,700 MT), and Indonesia (96,500 MT, including 68,000
MT switched from unknown destinations and decreases of 100 MT), were offset by
reductions for unknown destinations (96,700 MT), Israel (55,000 MT), Italy
(5,000 MT), and Bangladesh (100 MT). Exports of 2,447,800 MT--a marketing-year
high--were up 5 percent from the previous week and 1 percent from the prior
4-week average. The destinations were primarily to China (1,507,700 MT), the
Netherlands (143,400 MT), Germany (131,700 MT), Indonesia (100,600 MT), and
Taiwan (100,400 MT).
Export for Own Account:
For
2024/2025, the current exports for own account outstanding balance of 3,900 MT
are for Taiwan (1,500 MT), Canada (1,400 MT), Bangladesh (500 MT), and Malaysia
(500 MT).
Export Adjustments:
Accumulated exports of soybeans were adjusted down 134,747 MT to the Netherlands
for week ending October 3. The correct destination for this shipment is Germany.
Soybean Cake and Meal:
Net
sales of 274,900 MT
for 2024/2025 were down 9 percent from the previous week, but up 3 percent from
the prior 4-week average. Increases primarily for Mexico (167,800 MT), the
Philippines (49,000 MT, including 45,000 MT switched from unknown destinations
and decreases of 500 MT),
Denmark (33,000 MT switched from unknown destinations), the Netherland (31,000
MT, including 20,000 MT switched from Vietnam and 11,000 MT switched from
unknown destinations), and Panama (21,000 MT, including 20,000 MT switched from
Colombia),
were offset by reductions for unknown destinations (60,000 MT), Vietnam (17,500
MT), Belgium (1,300 MT), and Guatemala (600 MT). Total net sales of 700 MT for
2025/2026 were for Japan. Exports of 215,800 MT were down 34 percent from the
previous week and 29 percent from the prior 4-week average. The destinations
were primarily to the Philippines (50,400 MT), Denmark (33,000 MT), the
Netherlands (31,000 MT), Mexico (25,600 MT), and the Dominican Republic (21,900
MT).
Optional Origin Sales: For
2024/2025, the current outstanding balance of 30,000 MT, all Ecuador.
Soybean Oil:
Net
sales of 21,900 MT for 2024/2025 were up 33 percent from the previous week, but
down 48 percent from the prior 4-week average. Increases primarily for South
Korea (12,000 MT), Venezuela (5,000 MT, including 2,500 MT switched from unknown
destinations), Guatemala (4,500 MT, including 1,400 MT switched from Honduras),
Colombia (1,700 MT, including decreases of 400 MT), and Canada (800 MT), were
offset by reductions for unknown destinations (2,500 MT) and Honduras (100 MT).
Exports of 16,300 MT were up noticeably from the previous week and from the
prior 4-week average. The destinations were primarily to Colombia (9,800 MT),
Jamaica (3,500 MT), Mexico (1,100 MT), Barbados (1,000 MT), and Canada (700 MT).
Cotton:
Net sales of Upland totaling 318,500 RB for 2024/2025--a marketing-year
high--were up noticeably from the previous week and up 72 percent from the prior
4-week average. Increases primarily for Vietnam (141,600 RB, including 8,800 RB
switched from China, 100 RB switched from Japan, and decreases of 100 RB),
Pakistan (55,300 RB, including decreases of 100 RB), Turkey (23,200 RB), China
(21,400 RB), and Bangladesh (20,200 RB), were offset by reductions for India
(100 RB) and Guatemala (100 RB). Net sales of 16,000 RB for 2025/2026 were
primarily for Turkey (9,700 RB) and El Salvador (5,300 RB). Exports of 148,200
RB were up 32 percent from the previous week and 21 percent from the prior
4-week average. The destinations were primarily to Vietnam (26,100 RB), Pakistan
(25,700 RB), China (15,900 RB), Turkey (14,800 RB), and Mexico (12,000 RB). Net
sales of Pima totaling 8,900 RB for 2024/2025 were up 83 percent from the
previous week and 8 percent from the prior 4-week average. Increases primarily
for Peru (4,300 RB), India (1,100 RB), China (1,100 RB), Vietnam (900 RB,
including decreases of 1,300 RB), and Pakistan (800 RB), were offset by
reductions for Japan (100 RB). Exports of 2,700 RB were down 72 percent from the
previous week and 65 percent from the prior 4-week average. The destinations
were primarily to Vietnam (2,200 RB), India (200 RB), Indonesia (200 RB), and
Guatemala (100 RB).
Optional Origin Sales: For
2024/2025, the current outstanding balance of 8,800 RB, all Pakistan.
Exports for Own Account: For
2024/2025, the current exports for own account outstanding balance of 8,400 RB,
all China.
Hides and Skins:
Net sales of 506,600 pieces for 2024 were up 51 percent from the previous week
and 38 percent from the prior 4-week average. Increases primarily for China
(344,900 whole cattle hides, including decreases of 13,100 pieces), Mexico
(43,600 whole cattle hides, including decreases of 4,800 pieces), Brazil (40,500
whole cattle hides, including decreases of 500 pieces), South Korea (40,200
whole cattle hides), and Thailand (28,700 whole cattle hides, including
decreases of 1,700 pieces), were offset by reductions for India (800 pieces).
Whole cattle hides exports of 330,700 pieces were down 14 percent from the
previous week and 11 percent from the prior 4-week average. The destinations
were primarily to China (252,200 pieces), Mexico (27,500 pieces), Thailand
(20,200 pieces), South Korea (14,400 pieces), and Brazil (12,800 pieces).
Net sales of 44,300 wet blues for 2024 were down 50 percent from the previous
week and 68 percent from the prior 4-week average. Increases primarily for China
(27,100 unsplit, including decreases of 5,600 unsplit), Thailand (15,600 unsplit,
including decreases of 100 unsplit and 100 grain splits), Taiwan (6,800 unsplit),
Bangladesh (4,800 unsplit), and India (1,900 unsplit, including decreases of 100
unsplit), were offset by reductions for Italy (7,900 unsplit) and Vietnam (4,200
unsplit). Net sales of 20,300 unsplit for 2025 were reported for Italy (7,800
unsplit), Vietnam (6,500 unsplit), and China (6,000 unsplit). Exports of 147,200
wet blues were up 5 percent from the previous week and 2 percent from the prior
4-week average. The destinations were primarily to Vietnam (50,200 unsplit),
China (40,100 unsplit), Italy (15,700 unsplit), Thailand (12,900 unsplit), and
Brazil (10,700 unsplit and 2,000 grain splits). Net sales of 79,000 splits were
primarily for Vietnam (78,200 pounds). Exports of 41,900 splits were to
China.
Beef: Net
sales of 14,300 MT for 2024 were up 1 percent from the previous week and 8
percent from the prior 4-week average. Increases primarily for Japan (4,300 MT,
including decreases of 200 MT), South Korea (3,300 MT, including decreases of
300 MT), China (2,100 MT, including decreases of 100 MT), and Mexico (1,800 MT,
including decreases of 100 MT), and Canada (1,000 MT, including decreases of 100
MT), were offset by reductions for the United Arab Emirates (100 MT). Net sales
of 3,100 MT for 2025 were primarily for South Korea (1,600 MT), Japan (1,000
MT), Taiwan (300 MT), Hong Kong (100 MT), and El Salvador (100 MT). Exports of
16,300 MT were up 3 percent from the previous week and 5 percent from the prior
4-week average. The destinations were primarily to South Korea (4,900 MT), Japan
(3,600 MT), China (2,600 MT), Mexico (1,500 MT), and Taiwan (1,100 MT).
November 21, 2024
1
FOREIGN AGRICULTURAL SERVICE/USDA
SUMMARY OF EXPORT TRANSACTIONS
REPORTED UNDER THE DAILY SALES REPORTING SYSTEM
FOR PERIOD ENDING NOVEMBER 14, 2024
COMMODITY DESTINATION QUANITY (MT) MARKETING YEAR
CORN MEXICO 511,857 MT 1/ 2024/2025
CORN UNKNOWN 290,820 MT 1/ 2024/2025
SOYBEANS UNKNOWN 176,000 MT 1/ 2024/2025
1/ Export sales.