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US corn exports hit marketing-year high, reaching 1.5 million metric tons

Corn and cotton sales surge while wheat and soybean oil face declines, reflecting dynamic global market conditions.

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Pixabay

The U.S. Department of Agriculture's latest Export Sales Report reveals a varied performance across key agricultural commodities for the week ending January 16, 2025. The data highlights significant movements in several sectors, indicating shifting global demand and market dynamics.

Key highlights from the report include:

  1. Corn exports reach marketing-year high:

    • Net sales of 1,661,000 metric tons (MT) for 2024/2025, up 62% from the previous week.
    • Exports hit a marketing-year high of 1,516,700 MT, up 36% from the prior 4-week average.
    • Major buyers include South Korea, Taiwan, and Japan.
  2. Cotton sales surge:

    • Upland cotton net sales reached a marketing-year high of 348,900 running bales (RB) for 2024/2025.
    • Vietnam, Pakistan, and Turkey were the top buyers.
  3. Wheat sales decline:

    • Net sales of 164,800 MT for 2024/2025 were down 68% from the previous week.
    • Mexico, Japan, and the Philippines were the primary destinations.
  4. Soybean performance mixed:

    • Strong net sales of 1,491,800 MT for 2024/2025, with China as the leading buyer.
    • Exports down 30% from the previous week at 1,034,600 MT.
  5. Soybean oil sales plummet:

    • Net sales of 2,900 MT for 2024/2025 were down 95% from the previous week.
  6. Meat exports show promise:

    • Beef net sales of 15,100 MT for 2025, with China, Japan, and South Korea as top buyers.
    • Pork net sales reached 37,700 MT for 2025, led by Japan, Mexico, and South Korea.


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