Weekly soybean sales soar above expectations

Soybean sales rose noticeably during the week ended June 12, surpassing pre-report estimates. Corn sales rose 14% from the previous week.

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USDA Weekly Export Sales Report
(Chip Flory)
USDA Weekly Export Sales Report
Week Ended June 12, 2025
Corn
Actual Sales (in MT)2024-25: 903,800
Expectations (in MT)2024-25: 600,000-1,200,000
Actual Sales (in MT)2025-26: 155,000
Expectations (in MT)2025-26: 0-200,000
Weekly Sales DetailsNet sales of 903,800 MT for 2024/2025 were up 14 percent from the previous week, but down 6 percent from the prior 4-week average. Increases primarily for Japan (366,200 MT, including 79,400 MT switched from unknown destinations and decreases of 1,500 MT), Mexico (209,000 MT, including decreases of 5,600 MT), South Korea (191,000 MT, including 60,000 MT switched from unknown destinations and decreases of 1,200 MT), Egypt (110,300 MT, including 60,000 MT switched from Spain, 55,000 MT switched from unknown destinations, and decreases of 7,900 MT), and Vietnam (73,200 MT, including 66,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (290,400 MT), Spain (21,400 MT), Italy (17,000 MT), and Panama (2,700 MT). Net sales of 155,000 MT for 2025/2026 were reported for unknown destinations (65,000 MT), Mexico (62,400 MT), Honduras (12,400 MT), Nicaragua (7,700 MT), and Canada (7,500 MT).
Weekly Export DetailsExports of 1,745,700 MT were up 3 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to Japan (350,100 MT), Mexico (348,200 MT), South Korea (191,800 MT), Vietnam (141,200 MT), and Egypt (110,300 MT).
Comments and Performance IndicatorsExport commitments are 26.5% ahead of year ago, compared to 26.0% last week. USDA projects exports in 2024-25 at 2.650 billion bu., 15.6% above the previous marketing year.
Wheat
Actual Sales (in MT)2025-26: 427,200
Expectations (in MT)2025-26: 300,000-600,000
Weekly Sales DetailsNet sales of 427,200 metric tons (MT) for 2025/2026, primarily for Taiwan (95,500 MT), the Philippines (89,600 MT, including 63,000 MT switched from unknown destinations), Venezuela (59,000 MT, including 24,000 MT switched from unknown destinations, decrease of 5,100 MT, and 600 MT - late), Thailand (55,500 MT, including decreases of 600 MT), and Vietnam (37,000 MT), were offset by reductions for unknown destinations (85,500 MT), the Dominican Republic (11,000 MT), El Salvador (2,300 MT), and Mauritius (2,100 MT).
Weekly Export DetailsExports of 363,500 MT were primarily to Nigeria (75,800 MT), the Philippines (66,000 MT), Thailand (55,800 MT), Mauritius (29,900 MT), and Venezuela (27,500 MT, including 6,600 MT - late).
Comments and Performance IndicatorsExport commitments are 16.8% ahead of year ago. USDA projects exports in 2025-26 exports are projected at 825 million bu., down 0.6% from year-ago.
Soybeans
Actual Sales (in MT)2024-25: 539,500
Expectations (in MT)2024-25: 0-400,000
Actual Sales (in MT)2025-26: 75,200
Expectations (in MT)2025-26: 0-200,000
Weekly Sales DetailsNet sales of 539,500 MT for 2024/2025 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Germany (122,900 MT), Mexico (101,700 MT, including decreases of 300 MT), unknown destinations (63,200 MT), the Netherlands (58,300 MT, including 60,000 MT switched from unknown destinations and decreases of 1,700 MT), and El Salvador (34,000 MT), were offset by reductions for Nepal (3,000 MT) and South Korea (500 MT). Net sales of 75,200 MT for 2025/2026 were reported for Mexico (57,900 MT), Costa Rica (12,300 MT), and Taiwan (5,000 MT).
Weekly Export DetailsExports of 406,100 MT were down 10 percent from the previous week, but up 33 percent from the prior 4-week average. The destinations were primarily to Germany (122,900 MT), Mexico (59,300 MT), the Netherlands (58,300 MT), Japan (54,600 MT), and Egypt (32,000 MT).
Comments and Performance IndicatorsExport commitments are running 11.1% ahead of a year-ago. USDA projects exports in 2024-25 at 1.850 billion bu., up 9.1% from the previous marketing year.
Soymeal
Actual Sales (in MT)2024-25: 160,300
Expectations2024-25: 150,000-350,000
Actual Sales (in MT)2025-26: 14,000
Expectations2025-26: 0-100,000
Weekly Sales DetailsNet sales of 160,300 MT for 2024/2025 were down 25 percent from the previous week and 49 percent from the prior 4-week average. Increases primarily for Venezuela (37,300 MT, including 9,000 MT switched from unknown destinations and decreases of 1,700 MT), unknown destinations (29,900 MT), the Dominican Republic (25,000 MT), Colombia (17,300 MT, including decreases of 13,700 MT), and Guatemala (12,000 MT, including 6,600 MT switched from unknown destinations and decreases of 1,000 MT), were offset by reductions for Costa Rica (5,600 MT), Belgium (1,900 MT), Indonesia (200 MT), and Kuwait (100 MT). Net sales of 14,000 MT for 2025/2026 were reported for Canada (4,500 MT), Mexico (3,300 MT), Sri Lanka (3,000 MT), Honduras (2,900 MT), and Nicaragua (300 MT).
Weekly Export DetailsExports of 274,800 MT were up 12 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to the Philippines (103,300 MT), Venezuela (33,300 MT, including 24,600 MT - late), Colombia (31,900 MT), Mexico (28,200 MT), and Guatemala (25,500 MT).
Comments and Performance IndicatorsExport commitments are 12.1% ahead of a year-ago. USDA projects exports in 2024-25 will increase 8.0% from the previous marketing year.
Soyoil
Actual Sales (in MT)2024-25: (1,500)
Expectations (in MT)2024-25: 0-22,000
Weekly Sales DetailsNet sales reductions of 1,500 MT for 2024/2025 were down noticeably from the previous week and from the prior 4-week average. Increases reported for Mexico (2,400 MT), Canada (1,800 MT), and Kuwait (100 MT), were more than offset by reductions for Costa Rica (3,000 MT), Nicaragua (1,600 MT), and Guatemala (1,200 MT).
Weekly Export DetailsExports of 19,800 MT were up 55 percent from the previous week, but down 12 percent from the prior 4-week average. The destinations were primarily to Venezuela (7,500 MT), Mexico (3,700 MT), Jamaica (3,500 MT), Honduras (2,000 MT), and Canada (1,900 MT).
Comments and Performance IndicatorsExport commitments are well ahead of year-ago. USDA projects exports will jump 5.9% in 2024-25.
Cotton
Actual Upland Sales (in RB)2024-25: 83,200
Weekly Sales DetailsNet sales of Upland totaling 83,200 RB for 2024/2025 were up 38 percent from the previous week, but down 23 percent from the prior 4-week average. Increases primarily for Vietnam (49,400 RB, including 5,700 RB switched from China, 700 RB switched from South Korea, 100 RB switched from Hong Kong, and decreases of 900 RB), Turkey (15,700 RB, including decreases of 1,200 RB), India (13,700 RB), Bangladesh (2,300 RB), and Taiwan (1,800 RB switched from Malaysia), were offset by reductions for China (5,800 RB), Malaysia (1,800 RB), and Hong Kong (100 RB). Net sales of 274,900 RB for 2025/2026 primarily for Vietnam (78,800 RB), El Salvador (72,300 RB), Honduras (45,700 RB), Indonesia (25,500 RB), and Bangladesh (25,000 RB), were offset by reductions for China (900 RB) and Mexico (100 RB).
Weekly Export DetailsExports of 204,700 RB were down 13 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to Vietnam (49,200 RB), Turkey (41,900 RB), Pakistan (39,800 RB), Bangladesh (11,900 RB), and Mexico (10,200 RB). Net sales reductions of Pima totaling 1,900 RB for 2024/2025--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Increases primarily for India (1,500 RB, including decreases of 900 RB) and China (1,300 RB), were more than offset by reductions for Egypt (3,000 RB) and Vietnam (2,600 RB). Net Sales of Pima totaling 6,500 RB for 2025/2026 were reported for Egypt (3,000 RB), Vietnam (2,600 RB), and India (900 RB). Exports of 3,000 RB were down 48 percent from the previous week and 61 percent from the prior 4-week average. The destinations were primarily to India (2,300 RB), Colombia (300 RB), and Indonesia (300 RB).
Comments and Performance IndicatorsUpland cotton export commitments are running 8.4% behind a year ago. USDA forecasts total cotton exports will fall 5.5% from a year ago to 11.10 million bales in 2024-25.
Beef
Actual Sales (in MT)2025: 11,700
Weekly Sales DetailsNet sales of 11,700 MT for 2025 were down 24 percent from the previous week and 9 percent from the prior 4-week average. Increases primarily for Japan (4,000 MT, including decreases of 300 MT), South Korea (3,200 MT, including decreases of 400 MT), Mexico (1,500 MT, including decreases of 200 MT), Hong Kong (1,000 MT, including decreases of 100 MT), and Canada (600 MT, including decreases of 100 MT), were offset by reductions for China (100 MT).
Weekly Export DetailsExports of 13,600 MT were down 7 percent from the previous week, but up 3 percent from the prior 4-week average. The destinations were primarily to South Korea (4,300 MT), Japan (3,800 MT), Mexico (1,300 MT), Canada (1,200 MT), and Taiwan (1,200 MT).
Comments and Performance IndicatorsUSDA projects 2025 exports will fall 11.3% from a year ago.
Pork
Actual Sales (in MT)2025: 28,200
Weekly Sales DetailsNet sales of 28,200 MT for 2025 were up noticeably from the previous week, but down 1 percent from the prior 4-week average. Increases were primarily for Mexico (16,200 MT, including decreases of 200 MT), Japan (5,000 MT, including decreases of 200 MT), Australia (1,600 MT), Canada (1,400 MT, including decreases of 200 MT), and Colombia (1,100 MT, including decreases of 100 MT).
Weekly Export DetailsExports of 30,200 MT were down 10 percent from the previous week, but up 5 percent from the prior 4-week average. The destinations were primarily to Mexico (12,900 MT), Japan (3,600 MT), China (3,300 MT), South Korea (2,700 MT), and Colombia (1,900 MT).
Comments and Performance IndicatorsUSDA projects exports in 2025 will fall 0.8% from last year.