The U.S. Department of Agriculture has released its latest export sales highlights for the period of October 18-24, 2024, showing mixed results across various commodities.
Wheat: Net sales for the 2024/2025 marketing year totaled 411,400 metric tons (MT), marking a 23% decrease from the previous week and a 14% decline from the prior four-week average. Key sales included 169,900 MT to Mexico, 79,500 MT to the Philippines, and 60,400 MT to Indonesia. However, exports hit a marketing-year low of 244,400 MT, primarily directed towards the Philippines and Ecuador.
Corn: Corn exports saw a net sales total of 2,341,700 MT, a significant drop of 35% from the previous week but a 7% increase from the prior four-week average. Major buyers included unknown destinations (771,300 MT) and Mexico (596,000 MT). Total exports reached 788,000 MT, with significant shipments to Mexico and Colombia.
Sorghum and Barley: Sorghum net sales plummeted to 5,700 MT, a 92% decrease from the prior week, while barley saw net sales of 2,600 MT, primarily to Canada and South Korea.
Rice: Net sales for rice were notably low at 12,700 MT, down 81% from the previous week, although exports surged to a marketing-year high of 90,400 MT, mainly to Mexico and Haiti.
Soybeans: The soybean market showed strength with net sales of 2,273,300 MT, a 6% increase from the previous week. Exports remained robust at 2,445,200 MT, with China as the top destination.
Hides and Skins: There was an increase in net sales of hides and skins, totaling 393,900 pieces, primarily to China and South Korea.
Beef and Pork: Beef net sales reached 13,900 MT, while pork sales surged to 44,800 MT, reflecting strong demand, particularly from Mexico and China.
