The USDA Foreign Agricultural Service released its latest export sales highlights, showing mixed results across various commodities for the week ending September 12, 2024.
Wheat: Net sales totaled 246,300 metric tons (MT) for 2024/2025, marking a 48% drop from the previous week and a 46% decline from the prior four-week average. Major buyers included Mexico (59,600 MT) and the Philippines (57,600 MT), but reductions from unknown destinations (29,500 MT) contributed to the overall decrease. Exports reached a marketing-year high of 642,100 MT, with the Philippines, Mexico, and Thailand leading as primary destinations.
Corn: Net sales for 2024/2025 totaled 847,400 MT, with significant purchases from Mexico (280,800 MT) and unknown destinations (183,400 MT). Export volumes hit 572,900 MT, primarily driven by shipments to Mexico (360,000 MT) and Spain (71,500 MT).
Sorghum: Net sales of 6,600 MT were reported, all destined for China. Exports totaled 60,700 MT, also headed to China.
Rice: Net sales surged to 81,100 MT, up 31% from the previous week, with Japan and Haiti among the top buyers. Exports jumped 46% to 89,100 MT, with Nicaragua and South Korea as key destinations.
Soybeans: Net sales for 2024/2025 reached 1.75 million MT, with China accounting for 973,900 MT. Export volumes were strong at 446,200 MT, with Mexico and China leading the way.
Cotton: Net sales for Upland cotton totaled 106,800 running bales (RB), down 8% from the previous week, while Pima cotton saw an increase in net sales, up 32% to 14,000 RB. The main buyers for Upland cotton were Vietnam and Pakistan.
Beef and Pork: Beef net sales rose 36% to 15,500 MT, with South Korea and China as primary buyers. Pork net sales slightly declined by 3% to 29,000 MT, with Japan and Mexico leading purchases.
These export sales figures reflect varying demand trends, with strong performance in key markets like Mexico, China, and Japan across multiple commodities.
