This summary is based on reports from exporters for the period July 12-18, 2024.
Wheat:
Net sales of 309,300 metric tons (MT) for 2024/2025 were down 47 percent from
the previous week and 46 percent from the prior 4-week average. Increases
primarily for South Korea (105,000 MT), Nigeria (58,800 MT, including 56,000 MT
switched from unknown destinations and decreases of 200 MT), Japan (50,500 MT),
Italy (42,300 MT, including decreases of 6,700 MT), and Brazil (33,000 MT,
including 30,000 MT switched from unknown destinations), were offset by
reductions for unknown destinations (54,000 MT), the Dominican Republic (5,000
MT), Nicaragua (2,000 MT), and China (100 MT). Exports of 271,500 MT were down
57 percent from the previous week and 30 percent from the prior 4-week average.
The destinations were primarily to Mexico (64,700 MT), Nigeria (58,800 MT),
Japan (47,300 MT), Brazil (33,000 MT), and Guatemala (22,400 MT).
Corn:
Net sales of 331,400 MT for 2023/2024 were down 24 percent from the previous
week and 29 percent from the prior 4-week average. Increases primarily for Japan
(122,400 MT, including 62,000 MT switched from unknown destinations and
decreases of 700 MT), Mexico (106,900 MT, including 26,000 MT switched from
unknown destinations and decreases of 3,300 MT), South Korea (81,200 MT,
including 65,000 MT switched from unknown destinations), Colombia (68,800 MT,
including 40,000 MT switched from unknown destinations and decreases of 6,700
MT), and Ireland (20,000 MT), were offset by reductions primarily for unknown
destinations (71,300 MT), Costa Rica (27,700 MT), Honduras (8,300 MT), Guatemala
(6,400 MT), and Morocco (1,000 MT). Net sales of 745,200 MT for 2024/2025 were
primarily for Japan (248,000 MT), Mexico (178,900 MT), unknown destinations
(151,700 MT), Colombia (50,000 MT), and Honduras (44,100 MT). Exports of
1,209,800 MT were up 10 percent from the previous week and 19 percent from the
prior 4-week average. The destinations were primarily to Mexico (518,500 MT),
South Korea (275,100 MT), Japan (208,400 MT), Colombia (95,800 MT), and
Guatemala (31,100 MT).
Optional Origin Sales:
For 2023/2024, decreases of 700 MT were for Canada. The current outstanding
balance of 79,000 MT were for Japan (62,000 MT) and Canada (17,000 MT).
Barley:
No
net sales or exports were reported for the week.
Sorghum:
Total net sales of 1,500 MT for 2023/2024 were down 98 percent from the previous
week and 97 percent from the prior 4-week average. Increases were for China.
Exports of 67,500 MT were up 12 percent from the previous week and 58 percent
from the prior 4-week average. The destination was China.
Rice:
Net sales of 13,400 MT for 2023/2024 were down 84 percent from the previous week
and 66 percent from the prior 4-week average. Increases primarily for Mexico
(15,800 MT, including decreases of 2,700 MT), South Korea (5,600 MT), Canada
(1,700 MT), Japan (300 MT), and Belgium (200 RB), were offset by reductions for
the Dominican Republic (8,000 MT), Haiti (2,300 MT), and the Leeward and
Windward Islands (100 MT). Net sales of 33,500 MT for 2024/2025 were primarily
for Nicaragua (18,000 MT), the Dominican Republic (8,000 MT), Mexico (2,900 MT),
Honduras (2,200 MT), and Saudi Arabia (1,200 MT). Exports of 57,300 MT were down
16 percent from the previous week and 13 percent from the prior 4-week average.
The destinations were primarily to Mexico (37,100 MT), Japan (14,400 MT), Canada
(2,400 MT), South Korea (1,700 MT), and Saudi Arabia (500 MT).
Soybeans:
Net sales of 88,600 MT for 2023/2024 were down 61 percent from the previous week
and 63 percent from the prior 4-week average.
Increases primarily for the Netherlands (114,500 MT, including 122,000 MT
switched from unknown destinations and decreases of 7,500 MT), Indonesia (76,300
MT, including 62,500 MT switched from unknown destinations and decreases of
2,900 MT), Japan (19,500 MT, including decreases of 400 MT), China (19,400 MT),
and Vietnam (14,200 MT),
were offset by reductions for unknown destinations (188,900 MT), Costa Rica
(14,800 MT), and Mexico (300 MT). Net sales of 829,700 MT for 2024/2025 were
primarily for unknown destinations (723,100 MT), Algeria (45,000 MT), Portugal
(17,500 MT), Indonesia (14,800 MT), and Costa Rica (14,800 MT). Exports of
368,500 MT were up 84 percent from the previous week and 27 percent from the
prior 4-week average. The destinations were primarily to the Netherlands
(114,500 MT), Mexico (97,600 MT), Indonesia (95,000 MT), Vietnam (13,200 MT),
and Malaysia (12,300 MT).
Exports for Own Account:
For
2023/2024, the current exports for own account outstanding balance of 3,700 MT
are for Canada (1,400 MT), Taiwan (1,300 MT), Bangladesh (500 MT), and Malaysia
(500 MT).
Soybean Cake and Meal:
Net sales of 258,100 MT for 2023/2024 were up 23 percent from the previous week
and 49 percent from the prior 4-week average. Increases primarily for the
Philippines (92,700 MT, including decreases of 200 MT), Colombia (54,000 MT),
Morocco (27,900 MT, including 28,300 MT switched from Turkey and decreases of
3,300 MT), Mexico (18,200 MT, including decreases of 1,700 MT), and Indonesia
(13,600 MT), were offset by reductions for Turkey (30,000 MT), Japan (600 MT),
Jamaica (300 MT), and Kuwait (100 MT). Net sales of 520,900 MT for 2024/2025
were primarily for unknown destinations (341,800 MT), Ecuador (90,000 MT),
Guatemala (24,800 MT), Vietnam (19,500 MT), and Nicaragua (14,800 MT). Exports
of 185,800 MT were up 12 percent from the previous week, but down 15 percent
from the prior 4-week average. The destinations were primarily to Morocco
(45,100 MT), Guatemala (28,100 MT), the Dominican Republic (27,800 MT), Mexico
(21,600 MT), and Canada (16,200 MT).
Export Adjustments:
Accumulated exports of soybean cake and meal to Jamaica were adjusted down 9,744
MT for week ending October 26th. This shipment was reported in error.
Soybean Oil:
Net sales of 6,900 MT for 2023/2024 were up noticeably from the previous week
and up 46 percent from the prior 4-week average. Increases primarily for
Venezuela (6,000 MT) and Canada (600 MT), were offset by reductions for the
Dominican Republic (300 MT). Net sales reductions of 3,100 MT for 2024/2025
resulting in increases for Canada (600 MT) and the Dominican Republic (300 MT),
were more than offset by reductions for Mexico (4,000 MT). Exports of 11,200 MT
were up 71 percent from the previous week, but down 15 percent from the prior
4-week average. The destinations were to Venezuela (5,000 MT), Mexico (2,700
MT), Colombia (1,900 MT), and Canada (1,600 MT).
Cotton:
Net sales reductions of Upland totaling 74,200 RB for 2023/2024--a
marketing-year low--were down noticeably from the previous week and from the
prior 4-week average. Increases reported for Mexico (1,800 RB), Thailand (600
RB), Indonesia (500 RB), and Pakistan (400 RB), were more than offset by
reductions primarily for Vietnam (42,400 RB), Turkey (10,700 RB), Nicaragua
(7,000 RB), China (6,300 RB), and India (4,500 RB). Net sales of 285,900 RB for
2024/2025 were primarily for Mexico (64,500 RB), Vietnam (58,200 RB), Turkey
(52,600 RB), India (28,400 RB), and China (21,100 RB). Exports of 131,300 RB
were up 16 percent from the previous week, but down 11 percent from the prior
4-week average. The destinations were primarily to China (32,600 RB), Vietnam
(27,800 RB), Pakistan (15,900 RB), Bangladesh (11,000 RB), and Mexico (10,200
RB). Net sales reductions of Pima totaling 100 RB for 2023/2024--a
marketing-year low--were down noticeably from the previous week and from the
prior 4-week average. Increases reported for Turkey (100 RB), were more than
offset by reductions for Vietnam (200 RB). Net sales of 4,900 RB for 2024/2025
were reported for Vietnam (2,200 RB), Peru (1,400 RB), India (800 RB), Taiwan
(400 RB), and Guatemala (100 RB). Exports of 2,300 RB were down 47 percent from
the previous week and 55 percent from the prior 4-week average. The destinations
were primarily to Peru (1,100 RB), India (800 RB), Turkey (300 RB), and Vietnam
(100 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, the current exports for own account outstanding balance of
106,900 RB are for China (80,000 RB), Vietnam (14,700 RB), Pakistan (7,300 RB),
South Korea (3,700 RB), and Turkey (1,200 RB).
Hides and Skins:
Net sales of 443,800 pieces for 2024 were down 7 percent from the previous week,
but up 15 percent from the prior 4-week average. Increases primarily for China
(368,300 whole cattle hides, including decreases of 29,500 pieces), Brazil
(20,100 whole cattle hides, including decreases of 100 pieces), Mexico (16,200
whole cattle hides, including decreases of 13,400 pieces), South Korea (14,000
whole cattle hides, including decreases of 200 pieces), and Thailand (11,800
whole cattle hides, including decreases of 1,500 pieces), were offset by
reductions for Taiwan (200 pieces). Exports of 384,800 pieces were up 7 percent
from the previous week and 3 percent from the prior 4-week average. Whole cattle
hides exports were primarily to China (265,100 pieces), Mexico (38,200 pieces),
Thailand (35,800 pieces), South Korea (25,900 pieces), and Brazil (11,000
pieces). In addition, exports of 2,600 kip skins were to Belgium.
Net sales of 156,300 wet blues for 2024 were down 22 percent from the previous
week, but up 7 percent from the prior 4-week average. Increases primarily for
Italy (85,900 unsplit, including decreases of 3,800 unsplit), Vietnam (48,500
unsplit, including decreases of 100 unsplit), China (11,700 unsplit), Taiwan
(4,800 unsplit), and Mexico (4,200 grain splits and 200 unsplit), were offset by
reductions for Thailand (400 grain splits). Total net sales of 2,400 unsplit for
2025 were for Italy. Exports of 150,700 wet blues were up 26 percent from the
previous week and 11 percent from the prior 4-week average. The destinations
were primarily to Vietnam (45,400 unsplit), China (34,300 unsplit), Italy
(25,500 unsplit), Thailand (25,000 unsplit), and Mexico (8,500 unsplit). Net
sales of 161,500 splits were reported for Vietnam (160,600 pounds) and South
Korea (900 pounds). Exports of 82,400 splits were to Vietnam.
Beef:
Net sales of 13,400 MT for 2024 were down 13 percent from the previous week and
4 percent from the prior 4-week average. Increases were primarily for South
Korea (4,400 MT, including decreases of 300 MT), Japan (2,200 MT, including
decreases of 400 MT), China (1,800 MT, including decreases of 100 MT), Mexico
(1,200 MT, including decreases of 100 MT), and Hong Kong (1,200 MT, including
decreases of 100 MT). Exports of 16,300 MT were up 5 percent from the previous
week and from the prior 4-week average. The destinations were primarily to Japan
(4,300 MT), South Korea (3,500 MT), China (2,500 MT), Mexico (1,600 MT), and
Taiwan (1,300 MT).
Pork:
Net sales of 30,200 MT for 2024 were up 28 percent from the previous week, but
down 19 percent from the prior 4-week average. Increases were primarily for
Mexico (7,700 MT, including decreases of 800 MT), South Korea (6,400 MT,
including decreases of 300 MT), Japan (4,500 MT, including decreases of 400 MT),
Colombia (3,600 MT, including decreases of 100 MT), and China (2,100 MT,
including decreases of 100 MT). Exports of 32,900 MT were up 3 percent from the
previous week and 7 percent from the prior 4-week average. The destinations were
primarily to Mexico (13,200 MT), Japan (5,000 MT), China (3,900 MT), South Korea
(2,700 MT), and Canada (2,100 MT).
July 25, 2024
1
FOREIGN AGRICULTURAL SERVICE/USDA
SUMMARY OF EXPORT TRANSACTIONS
REPORTED UNDER THE DAILY SALES REPORTING SYSTEM
FOR PERIOD ENDING JULY 18, 2024
COMMODITY DESTINATION QUANITY (MT) MARKETING YEAR
SOYBEANS UNKNOWN 510,000 MT 1/ 2024/2025
SOYBEAN MEAL UNKNOWN 255,000 MT 1/ 2024/2025
1/ Export sales.