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Corn tumbles in USDA Weekly Export Sales report

Highlights include 805,300 MT of wheat net sales and 894,400 MT of corn exports.

Corn Growing In Row

The U.S. Department of Agriculture's Foreign Agricultural Service released its weekly export sales report, detailing transactions from June 21-27, 2024. The report highlights key sales and export activities across various agricultural commodities.

Wheat: Net sales for 2024/2025 reached 805,300 metric tons (MT), with significant purchases by Mexico (154,700 MT), the Philippines (154,400 MT), Taiwan (104,200 MT), Brazil (90,000 MT), and South Korea (67,400 MT). Exports totaled 308,600 MT, primarily to Indonesia (75,500 MT), the Philippines (64,400 MT), South Korea (41,100 MT), the Dominican Republic (31,900 MT), and Nigeria (26,300 MT).

Corn: Net sales for 2023/2024 were 357,200 MT, down 34% from the previous week and 57% from the prior 4-week average. Major buyers included unknown destinations (138,400 MT) and Colombia (78,800 MT). For 2024/2025, net sales were 311,500 MT, mainly to Mexico (301,000 MT). Exports for 2023/2024 totaled 894,400 MT, with Mexico (224,300 MT) and Japan (224,000 MT) being the largest recipients.

Sorghum: Net sales reductions for 2023/2024 were 800 MT, all for China. Exports were 53,700 MT, also to China.

Rice: Net sales for 2023/2024 increased to 28,000 MT, with the Dominican Republic (8,000 MT) and Haiti (7,200 MT) being major buyers. Net sales for 2024/2025 were 71,000 MT, primarily for Mexico (48,000 MT). Exports for 2023/2024 were 51,400 MT, with Japan (27,400 MT) as the main destination.

Soybeans: Net sales for 2023/2024 were 228,400 MT, down 19% from the previous week. China (66,500 MT) and the Netherlands (58,500 MT) were significant buyers. For 2024/2025, net sales were 150,300 MT. Exports for 2023/2024 totaled 304,100 MT, with Egypt (111,000 MT) leading.

Soybean Cake and Meal: Net sales for 2023/2024 were 212,900 MT, with Guatemala (73,300 MT) and Colombia (53,800 MT) as primary buyers. For 2024/2025, net sales were 288,600 MT, led by the Philippines (231,000 MT). Exports for 2023/2024 totaled 200,300 MT.

Soybean Oil: Net sales for 2023/2024 were 16,500 MT, with Mexico (7,900 MT) and Venezuela (6,000 MT) as major buyers. Exports hit a marketing-year high of 29,200 MT, with South Korea (12,000 MT) and Colombia (8,000 MT) leading.

Cotton: Net sales of Upland cotton for 2023/2024 were 115,400 RB, with China (63,600 RB) and Vietnam (27,600 RB) as significant buyers. Exports were 175,800 RB, primarily to China (62,200 RB). Pima cotton net sales were 2,300 RB.

Hides and Skins: Net sales for 2024 were 326,900 pieces, with China (196,400 pieces) and South Korea (60,800 pieces) leading. Exports were 373,400 pieces.

Beef: Net sales for 2024 were 15,500 MT, down 8% from the previous week. Major buyers included China (4,000 MT) and Japan (3,900 MT). Exports totaled 16,100 MT.

Pork: Net sales for 2024 hit a marketing-year high of 59,100 MT, with Mexico (34,600 MT) and China (9,500 MT) as top buyers. Exports were 30,000 MT, mainly to Mexico (12,600 MT).

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