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The U.S. Department of Agriculture's latest export sales report reveals a mixed picture for American agricultural commodities. For the week ending December 12, 2024, wheat and corn exports showed significant gains, while cotton, particularly Pima, faced substantial declines.
Key highlights from the report include:
Wheat net sales of 457,900 metric tons for 2024/2025 were up 58% from the previous week, with major increases to the Philippines, Venezuela, and Japan.
Corn net sales reached 1,174,600 metric tons, a 24% increase from the previous week, driven by strong demand from Mexico, Japan, and Colombia.
Soybean exports remained robust at 1,686,300 metric tons, despite a 9% week-over-week decrease, with China as the primary destination.
Upland cotton sales increased by 27% to 194,900 running bales, but Pima cotton hit a marketing-year low with just 500 running bales sold, down 93% from the previous week.
Beef and pork exports showed modest gains, up 6% each from the previous week, with South Korea and Mexico as top destinations respectively.
This data underscores the volatile nature of agricultural exports, reflecting changing global demand patterns and potential impacts of international trade dynamics. The strong performance in wheat and corn exports suggests a positive outlook for U.S. grain farmers, while the cotton sector, particularly Pima producers, may face challenges in the coming months.
