Weekly wheat sales reach marketing-year high
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USDA Weekly Export Sales Report Week Ended Dec. 7, 2023 |
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Corn |
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Actual Sales (in MT) |
2023-24: 1,418,600 MT |
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Expectations (in MT) |
2023-24: 800,000-1,600,000 |
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Weekly Sales Details |
Net sales of 1,418,600 MT for 2023/2024 were up 10 percent from the previous week, but down 12 percent from the prior 4-week average. Increases primarily for Mexico (669,800 MT, including 34,000 MT switched from Colombia and decreases of 11,100 MT), unknown destinations (386,400 MT), China (143,300 MT, including 136,000 MT switched from unknown destinations), South Korea (65,400 MT), and Saudi Arabia (50,000 MT), were offset by reductions for El Salvador (19,100 MT) and Honduras (500 MT). |
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Weekly Export Details |
Exports of 851,000 MT were down 22 percent from the previous week, but up 18 percent from the prior 4-week average. The destinations were primarily to Mexico (374,600 MT), Colombia (159,200 MT), China (141,300 MT), Honduras (48,800 MT), and Canada (35,400 MT). |
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Comments and Performance Indicators |
Export commitments are 35.8% ahead of a year-ago, compared to 35.2% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
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Wheat |
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Actual Sales (in MT) |
2023-24: 1,490,500 |
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Expectations (in MT) |
2023-24: 1,200,000-1,600,000 |
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Weekly Sales Details |
Net sales of 1,490,500 metric tons (MT) for 2023/2024--a marketing-year high-- were up noticeably from the previous week and from the prior 4-week average. Increases primarily for China (1,120,000 MT), the Philippines (124,100 MT), Mexico (87,300 MT, including decreases of 2,900 MT), Japan (62,500 MT), and Chile (32,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (37,400 MT), Malaysia (30,000 MT), and Panama (600 MT). Total net sales of 18,000 MT for 2024/2025 were for Colombia. |
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Weekly Export Details |
Exports of 289,600 MT were up 46 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Japan (79,800 MT), Mexico (50,100 MT), the Philippines (46,600 MT), Thailand (27,700 MT, including 27, 400 MT - late), and Italy (23,400 MT). |
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Comments and Performance Indicators |
Export commitments are running 3.0% ahead of a year-ago, compared to 4.4% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2023-24: 1,084,000 |
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Expectations (in MT) |
2023-24: 900,000-1,800,000 |
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Weekly Sales Details |
Net sales of 1,084,000 MT for 2023/2024 were down 23 percent from the previous week and 46 percent from the prior 4-week average. Increases primarily for China (718,300 MT, including 196,500 MT switched from unknown destinations, 66,000 MT switched from Pakistan, and decreases of 66,000 MT), Germany (113,200 MT), the Netherlands (85,000 MT, including 83,000 MT switched from unknown destinations), Thailand (66,500 MT, including 60,000 MT switched from unknown destinations and decreases of 5,300 MT), and Turkey (60,000 MT), were offset by reductions primarily for unknown destinations (144,300 MT), Pakistan (66,000 MT), and Japan (24,100 MT). |
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Weekly Export Details |
Exports of 1,159,700 MT were down 5 percent from the previous week and 25 percent from the prior 4-week average. The destinations were primarily to China (588,700 MT), Germany (113,200 MT), Mexico (94,900 MT), the Netherlands (85,000 MT), and Egypt (68,200 MT). |
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Comments and Performance Indicators |
Export commitments are running 19.9% behind a year-ago, compared to 16.5% behind last week. USDA projects exports in 2023-24 at 1.755 billion bu., down 11.9% from the previous marketing year. |
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Soymeal |
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Actual Sales (in MT) |
2023-24: 325,800 |
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Expectations |
2023-24: 100,000-600,000 |
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Weekly Sales Details |
Net sales of 325,800 MT for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for the Philippines (189,900 MT), Mexico (48,000 MT), Canada (46,600 MT), the United Kingdom (33,200 MT, including 20,000 MT switched from unknown destinations, 14,000 MT switched from Ireland, and decreases of 800 MT), and Poland (27,700 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (89,800 MT), El Salvador (19,600 MT), Ireland (19,300 MT), Honduras (1,200 MT), and Belgium (700 MT). Total net sales of 500 MT for 2024/2025 were for Canada. |
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Weekly Export Details |
Exports of 321,400 MT were down 14 percent from the previous week, but up 9 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,600 MT), Mexico (33,900 MT), the United Kingdom (33,200 MT), Poland (27,700 MT), and Ireland (24,500 MT). |
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Comments and Performance Indicators |
Export commitments are 20.0% ahead of a year-ago, compared to 18.5% ahead last week. USDA projects exports in 2022-23 will increase 4.3% from the previous marketing year in 2023-24. |
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Soyoil |
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Actual Sales (in MT) |
2023-24: 300 |
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Expectations |
2023-24: (5,000)-10,000 |
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Weekly Sales Details |
Total net sales of 300 MT for 2023/2024 were down noticeably from the previous week and down 63 percent from the prior 4-week average. The destination was Canada. |
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Weekly Export Details |
Exports of 300 MT were down 77 percent from the previous week and 61 percent from the prior 4-week average. The destination was Canada. |
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Comments and Performance Indicators |
Export commitments are running 6.9% behind a year-ago, compared to 8.5% behind last week. USDA projects exports will decrease 7.4% in 2023-24. |
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Cotton |
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Actual Upland Sales (in RB) |
2023-24: 57,800 |
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Net sales of 57,800 RB for 2023/2024 were down 50 percent from the previous week and 77 percent from the prior 4-week average. Increases primarily for Vietnam (21,200 RB, including 400 RB switched from Japan), Honduras (16,900 RB), El Salvador (6,100 RB), Mexico (3,500 RB), and Pakistan (3,100 RB, including decreases of 200 RB), were offset by reductions for China (1,000 RB) and Macau (900 RB). Net sales of 13,600 RB for 2024/2025 were reported for Guatemala (8,100 RB), Honduras (5,000 RB), and Mexico (500 RB). |
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Weekly Export Details |
Exports of 148,700 RB were up 7 percent from the previous week and 42 percent from the prior 4-week average. The destinations were primarily to China (93,800 RB), Mexico (11,400 RB), Vietnam (8,500 RB), Pakistan (8,400 RB), and Turkey (7,600 RB). Net sales of Pima totaling 7,700 RB for 2023/2024 were up noticeably from the previous week and up 47 percent from the prior 4-week average. Increases were primarily for China (4,400 RB), India (1,300 RB), Italy (1,200 RB), Thailand (400 RB), and South Korea (300 RB). Total net sales of 1,200 RB for 2024/2025 were for Italy. Exports of 19,000 RB--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were to China (11,100 RB), India (3,800 RB), Vietnam (2,300 RB), Thailand (1,000 RB), and Ethiopia (500 RB). |
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Comments and Performance Indicators |
Export commitments are running 8.9% behind a year-ago, compared to 9.3% behind last week. USDA forecasts total cotton exports will fall 4.9% from a year ago to 14.10 million bales in 2023-24 |
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Beef |
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Actual Sales (in MT) |
2023: 10,600 |
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Weekly Sales Details |
Net sales of 10,600 MT for 2023 were up noticeably from the previous week and up 67 percent from the prior 4-week average. Increases were primarily for South Korea (2,700 MT, including decreases of 1,200 MT), Japan (2,300 MT, including decreases of 500 MT), Mexico (1,800 MT, including decreases of 100 MT), China (1,300 MT, including decreases of 100 MT), and Canada (500 MT, including decreases of 100 MT). Net sales of 5,100 MT for 2024 primarily for Japan (2,600 MT), South Korea (1,000 MT), Canada (500 MT), Mexico (400 MT), and Chile (200 MT), were offset by reductions for China (100 MT). |
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Weekly Export Details |
Exports of 14,500 MT were up 5 percent from the previous week and from the prior 4-week average. The destinations were primarily to South Korea (4,300 MT), Japan (3,000 MT), China (2,500 MT), Mexico (2,000 MT), and Canada (800 MT). |
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Comments and Performance Indicators |
USDA projects 2023 exports will fall 14.5% from a year ago. |
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Pork |
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Actual Sales (in MT) |
2023: 28,200 |
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Weekly Sales Details |
Net sales of 28,200 MT for 2023 were up 9 percent from the previous week and 15 percent from the prior 4-week average. Increases were primarily for Mexico (13,700 MT, including decreases of 300 MT), Japan (3,100 MT, including decreases of 900 MT), Australia (2,100 MT, including decreases of 200 MT), South Korea (1,600 MT, including decreases of 1,300 MT), and Canada (1,300 MT, including decreases of 500 MT). Net sales of 12,900 MT for 2024 primarily for Mexico (6,300 MT), South Korea (2,200 MT), Colombia (1,400 MT), Australia (1,100 MT), and Japan (800 MT), were offset by reductions for China (100 MT). |
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Weekly Export Details |
Exports of 36,100 MT were up 12 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Mexico (16,800 MT), South Korea (4,500 MT), Japan (3,100 MT), China (3,100 MT), and Colombia (2,500 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2023 will rise 6.4% from last year. |
