News

Beef, wheat export sales up on week

U.S. export sales during the week ending January 23rd were mixed. The USDA reported week-to-week improvements for beef, wheat, rice, and soybean products, against dips for soybeans, corn, pork, and cotton. Those mixed sales were due to a combination of factors, including the value of the dollar against competing currencies, seasonal supply changes, and uncertainties about possible tariffs against key trading partners. The USDA’s next round of supply and demand numbers is out February 11th.

Physical shipments of corn, soybeans, and wheat topped what’s needed to meet USDA projections for the current marketing year. The 2024/25 marketing year began June 1st for wheat, August 1st for cotton and rice, September 1st for beans, corn, and sorghum, and October 1st for soybean products. The marketing year for beef and pork is the calendar year.

Wheat came out at 456,100 tons (16.8 million bushels), up sharply from the week ending January 16th and 96% from the four-week average. The Philippines purchased 86,200 tons and unknown destinations bought 85,300 tons. At this point in the 2024/25 marketing year, wheat exports are 666.9 million bushels, compared to 620 million in 2023/24. Sales of 24,200 tons (900,000 bushels) for 2025/26 delivery were to Peru (15,500 tons) and El Salvador (8,700 tons).

Corn was reported at 1,358,500 tons (53.5 million bushels), 18% lower than the previous week, but 39% higher than the four-week average. Japan picked up 493,100 tons and Mexico purchased 426,900 tons, while unknown destinations canceled on 482,500 tons. Approaching the second half of the marketing year, corn exports are 1.704 billion bushels, compared to 1.326 billion a year ago. Sales of 45,800 tons (1.8 million bushels) for 2025/26 delivery were to Japan.

There were no new sorghum sales. Sorghum exports are 44 million bushels, compared to 170.8 million this time last year.

Rice sales of 104,400 tons were a solid improvement from both the week before and the four-week average. Senegal bought 35,000 tons and Japan picked up 27,600 tons. Rice exports are 2,062,600 tons, compared to 2,076,300 a year ago.

Soybeans were pegged at 438,000 tons (16.1 million bushels), dropping 71% from the prior week and 33% from the four-week average. China purchased 145,300 tons and Spain bought 66,300 tons, while unknown destinations canceled on 124,300 tons. So far, this marketing year, soybean exports are 1.568 billion bushels, compared to 1.4 billion last year. Sales of 4,500 tons (200,000 bushels) for 2025/26 delivery were to Japan.

Soybean meal came out at 410,300 tons, an increase of 97% on the week and substantially larger than the four-week average. The Philippines picked up 140,500 tons and unknown destinations purchased 106,900 tons. For the marketing year to date, soybean meal exports are 9,212,600 tons, compared to 8,303,000 a year ago.

Soybean oil was reported at 12,500 tons, quite a bit more than the previous week, but 63% less than the four-week average. Mexico bought 4,300 tons and Guatemala picked up 4,000 tons. Cumulative soybean oil exports are 671,900 tons, compared to 33,200 last year.

Upland cotton was pegged at 280,000 bales, falling 20% from the week before, but rising 20% from the four-week average. Vietnam purchased 86,000 bales and Turkey bought 76,300 bales. 2024/25 upland cotton exports are 8,697,300 bales, compared to 9,862,400 in 2023/24. Sales of 38,600 bales for 2025/26 delivery were mainly to Malaysia (26,400 bales) and Costa Rica (11,000 bales).

Net beef sales totaled 20,200 tons. The reported purchasers were South Korea (11,300 tons), Japan (3,800 tons), Mexico (2,100 tons), Canada (700 tons), and China (700 tons). Shipments of 21,500 tons were primarily to South Korea (3,400 tons), Japan (2,700 tons), the Dominican Republic (1,900 tons), China (1,800 tons), and Mexico (1,800 tons).

Net pork sales totaled 33,600 tons. The listed buyers were Mexico (11,800 tons), China (11,200 tons), South Korea (3,700 tons), Japan (2,500 tons), and Colombia (1,100 tons), with a net cancelation by Hong Kong (400 tons). Shipments of 34,100 tons were mostly to Mexico (12,700 tons), the Bahamas (4,700 tons), South Korea (3,300 tons), Japan (2,700 tons), and China (2,600 tons).

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!