Export Sales Highlights

This summary is based on reports from exporters for the period November 10-16, 2023.

 

Wheat:  Net sales of 171,800 metric tons (MT) for 2023/2024 were down 3 percent from the previous week and 41 percent from the prior 4-week average. Increases primarily for Japan (58,800 MT, including 23,600 MT switched from South Korea), Egypt (35,000 MT), Mexico (34,200 MT, including decreases of 200 MT), Jamaica (22,000 MT), and Haiti (14,500 MT), were offset by reductions for Panama (25,700 MT), South Korea (17,200 MT), and Honduras (7,500 MT). Total net sales of 25,500 MT for 2024/2025 were for Panama. Exports of 298,600 MT were down 4 percent from the previous week, but up 77 percent from the prior 4-week average. The destinations were primarily to the Philippines (95,500 MT), Taiwan (73,100 MT), Yemen (52,500 MT), South Korea (42,200 MT), and Mexico (35,200 MT).  

Corn:  Net sales of 1,432,400 MT for 2023/2024 were down 21 percent from the previous week, but up 16 percent from the prior 4-week average. Increases primarily for Mexico (746,200 MT, including 64,000 MT switched from unknown destinations and decreases of 79,600 MT), Japan (335,800 MT, including 33,300 MT switched from unknown destinations), Colombia (177,500 MT, including decreases of 3,800 MT), China (70,700 MT, including 68,000 MT switched from unknown destinations), and South Korea (60,000 MT), were offset by reductions for unknown destinations (140,300 MT). Exports of 623,800 MT were down 9 percent from the previous week, but unchanged from the prior 4-week average. The destinations were primarily to Mexico (370,300 MT), Japan (84,300 MT), China (71,000 MT), Colombia (55,000 MT), and Portugal (19,700 MT).  

Late Reporting: For 2023/2024, exports totaling 625 MT of corn were late to Hong Kong. 

Barley:  No net sales or exports were reported for the week.

 

Sorghum:  Net sales of 139,800 MT for 2023/2024 were up 83 percent from the previous week, but down 29 percent from the prior 4-week average. Increases reported for China (194,800 MT, including 55,000 MT switched from unknown destinations and decreases of 3,500 MT), were offset by reductions for unknown destinations (55,000 MT). Exports of 115,500 MT were up 51 percent from the previous week and up noticeably from the prior 4-week average. The destinations were to China (115,400 MT) and Mexico (100 MT). 

Rice:  Net sales of 79,800 MT for 2023/2024 were down 62 percent from the previous week and 21 percent from the prior 4-week average. Increases primarily for Mexico (30,200 MT), Honduras (24,000 MT), unknown destinations (14,000 MT), Jordan (7,800 MT), and Guatemala (1,300 MT), were offset by reductions for Haiti (400 MT). Exports of 53,100 MT were up 84 percent from the previous week, but down 4 percent from the prior 4-week average. The destinations were primarily to Mexico (30,700 MT), Haiti (8,300 MT), the Dominican Republic (8,000 MT), Canada (3,100 MT), and Jordan (1,800 MT).  

Soybeans:  Net sales of 961,300 MT for 2023/2024 were down 75 percent from the previous week and 47 percent from the prior 4-week average. Increases primarily for China (757,400 MT, including 447,000 MT switched from unknown destinations and decreases of 18,400 MT), Spain (167,900 MT, including 170,000 MT switched from unknown destinations and decreases of 5,400 MT), Mexico (134,000 MT, including decreases of 2,300 MT), Indonesia (72,600 MT, including 68,000 MT switched from unknown destinations and decreases of 800 MT), and the Netherlands (68,000 MT, including 62,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (475,700 MT) and Egypt (6,000 MT). Total net sales of 9,000 MT for 2024/2025 were for Japan. Exports of 1,660,300 MT were down 14 percent from the previous week and 22 percent from the prior 4-week average. The destinations were primarily to China (1,045,900 MT), Spain (167,900 MT), Indonesia (96,900 MT), Mexico (86,000 MT), and the Netherlands (68,000 MT).  

Exports for Own Account:  For 2023/2024, the current exports for own account outstanding balance of 2,100 MT are for Canada (1,400 MT) and Taiwan (700 MT). 

Export Adjustments: Accumulated exports of soybeans to China were adjusted down 650 MT for week ending November 2nd. This shipment was reported in error. Accumulated exports of soybeans to the Netherlands were adjusted down 65,120 MT for week ending November 9th. The correct destination for this shipment is Germany.

Soybean Cake and Meal:  Net sales of 203,600 MT for 2023/2024 were up 41 percent from the previous week, but down 13 percent from the prior 4-week average. Increases primarily for Mexico (42,600 MT), Colombia (32,600 MT, including decreases of 200 MT), New Zealand (30,000 MT), unknown destinations (25,000 MT), and Canada (19,600 MT), were offset by reductions for Japan (1,800 MT). Exports of 288,100 MT were up 17 percent from the previous week and 23 percent from the prior 4-week average. The destinations were primarily to the Philippines (98,800 MT), Colombia (46,200 MT), Mexico (31,500 MT), the Dominican Republic (29,000 MT), and Venezuela (27,500 MT). 

Late Reporting:  For 2023/2024, net sales totaling 836 MT of soybean cake and meal were reported late for Hong Kong. Exports of 503 MT were late to Hong Kong. 

Soybean Oil:  Net sales of 300 MT for 2023/2024 were down 92 percent from the previous week and 85 percent from the prior 4-week average. Increases were primarily for Canada (200 MT). Total net sales of 400 MT for 2024/2025 were for Canada. Exports of 700 MT were down 2 percent from the previous week, but up 8 percent from the prior 4-week average. The destinations were primarily to Canada (500 MT) and Mexico (100 MT).

Cotton:  Net sales of 322,200 RB for 2023/2024 were down 2 percent from the previous week and 6 percent from the prior 4-week average. Increases primarily for China (237,300 RB, including decreases of 4,400 RB), Mexico (29,400 RB), Vietnam (24,500 RB, including 1,900 RB switched from Macau), Bangladesh (12,400 RB), and South Korea (9,200 RB), were offset by reductions for Panama (3,500 RB), Macau (1,900 RB), and Pakistan (1,400 RB). Net sales of 5,700 RB for 2024/2025 were reported for South Korea (3,500 RB), Japan (1,200 RB), and Mexico (1,000 RB). Exports of 77,900 R--a marketing-year low--were down 31 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to China (18,400 RB), Bangladesh (14,100 RB), Vietnam (11,700 RB), Mexico (9,500 RB), and Pakistan (6,500 RB). Net sales of Pima totaling 2,300 RB for 2023/2024 were down 84 percent from the previous week and 88 percent from the prior 4-week average. Increases primarily for China (1,200 RB) and Peru (1,000 RB), were offset by reductions for the United Arab Emirates (700 RB). Exports of 3,100 RB were down 31 percent from the previous week and 20 percent from the prior 4-week average. The destinations were to Pakistan (2,000 RB), India (400 RB), China (300 RB), South Korea (200 RB), and Thailand (200 RB).  

Optional Origin Sales:  For 2023/2024, the current outstanding balance of 5,300 RB were reported for Bangladesh (4,400 RB) and Pakistan (900 RB). 

Exports for Own Account:  For 2023/2024, new exports for own account totaling 3,400 RB were to China. Exports for own account totaling 5,500 RB to China (4,900 RB) and Vietnam (600 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 116,900 RB are for China (91,900 RB), Vietnam (16,400 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB). 

Hides and Skins:  Net sales of 452,800 pieces for 2023 were up 29 percent from the previous week and 12 percent from the prior 4-week average. Increases primarily for China (285,900 whole cattle hides, including decreases of 14,500 pieces), Brazil (75,600 MT, including decreases of 200 pieces), South Korea (27,000 whole cattle hides, including decreases of 100 pieces), Mexico (26,500 whole cattle hides, including decreases of 3,900 pieces), and Thailand (25,300 whole cattle hides, including decreases of 2,300 pieces), were offset by reductions for Taiwan (300 pieces). In addition, net sales reductions of 2,900 kip skins were for Belgium. Net sales of 40,600 pieces for 2024 were primarily for China (13,900 whole cattle hides), Italy (8,100 whole cattle hides), Brazil (6,800 whole cattle hides), South Korea (5,800 whole cattle hides), and Mexico (3,300 MT). In addition, total kip skins of 2,900 were for Belgium. Exports of 459,600 pieces were up 6 percent from the previous week and 5 percent from the prior 4-week average. Whole cattle hides exports were primarily to China (330,800 pieces), Mexico (63,000 pieces), South Korea (40,800 pieces), Brazil (8,300 pieces), and Taiwan (8,200 pieces). In addition, exports of 1,300 kip skins were to Canada.  

Net sales of 137,500 wet blues for 2023 were up 46 percent from the previous week and 13 percent from the prior 4-week average. Increases primarily for Vietnam (74,600 unsplit, including decreases of 12,000 unsplit), Italy (32,800 unsplit), China (15,500 unsplit), Taiwan (4,900 unsplit, including decreases of 1,600 unsplit), were offset by reductions for Brazil (100 grain splits). Net sales of 53,900 wet blues for 2024 were reported for Italy (27,400 unsplit), Taiwan (18,500 unsplit), and Vietnam (8,000 unsplit). Exports of 136,100 wet blues were up 2 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to China (46,100 unsplit and 1,500 grain splits), Vietnam (33,000 unsplit and 2,000 grain splits), Thailand (16,300 unsplit), Brazil (10,400 unsplit and 4,100 grain splits), and Italy (6,500 unsplit). Net sales reductions of 39,200 splits were reported for Vietnam (35,400 pounds) and South Korea (3,800 pounds). Exports of 229,200 splits were to Vietnam.  

Beef:  Net sales of 10,000 MT for 2023 were up 12 percent from the previous week, but down 30 percent from the prior 4-week average. Increases primarily for China (2,600 MT, including decreases of 400 MT), Hong Kong (2,500 MT, including decreases of 400 MT), South Korea (1,300 MT, including decreases of 500 MT), Japan (1,200 MT, including decreases of 900 MT), and Mexico (1,100 MT, including decreases of 100 MT), were offset by reductions for Singapore (100 MT) and Taiwan (100 MT). Net sales of 4,400 MT for 2024 were primarily for Japan (2,300 MT), China (700 MT), Hong Kong (500 MT), the Philippines (200 MT), and Guatemala (200 MT). Exports of 15,100 MT were up 12 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to South Korea (4,200 MT), Japan (3,700 MT), China (2,500 MT), Mexico (1,600 MT), and Taiwan (800 MT). 

Pork:  Net sales of 26,300 MT for 2023 were up 8 percent from the previous week, but down 21 percent from the prior 4-week average. Increases were primarily for Mexico (13,300 MT, including decreases of 200 MT), Japan (3,300 MT, including decreases of 700 MT), China (2,900 MT, including decreases of 100 MT), South Korea (2,000 MT, including decreases of 400 MT), and Colombia (1,200 MT, including decreases of 100 MT). Net sales of 600 MT for 2024 were primarily for South Korea (500 MT). Exports of 32,200 MT were up 4 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Mexico (10,300 MT), South Korea (4,800 MT), Japan (4,800 MT), China (2,800 MT), and Colombia (2,200 MT).

 

November 24, 2023                            1              FOREIGN AGRICULTURAL SERVICE/USDA

 

SUMMARY OF EXPORT TRANSACTIONS

REPORTED UNDER THE DAILY SALES REPORTING SYSTEM

FOR PERIOD ENDING NOVEMBER 16, 2023

 

                                                          COMMODITY                                   DESTINATION           QUANTITY             MARKETING      

                                                                                  

                                                          CORN                                                 MEXICO                     205,745 MT 1/          2023/2024

                                                          CORN                                                 JAPAN                        124,000 MT 1/          2023/2024

                                                          SOYBEANS                                       UNKNOWN                220,000 MT 1/          2023/2024

                                                                                                                

                                                          1/ Export sales.