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Corn, pork, soybean export sales up on week

The USDA’s reporting a generally good week of export sales for a few key commodities. Old crop corn during the week ending June 12^th saw an improvement, led by solid demand from Japan and Mexico, with soybeans also up on the week mainly to Germany and Mexico, and new crop sales for both were above the prior week. Pork moved higher with Mexico buying more than half of the total and wheat sales were larger than the previous week. Beef, soybean products, sorghum, and cotton sales all declined, and rice hit a marketing year low. Export demand is influenced by several factors, including the value of the dollar, seasonal trends, and geopolitics. The USDA’s next round of supply and demand projections is out July 11^th.

Physical shipments of corn and soybeans were more than what’s needed to meet USDA expectations for the current marketing year. The 2024/25 marketing year started August 1^st for cotton and rice, September 1^st for beans, corn, and sorghum, and October 1^st for soybean products, while 2025/26 got underway June 1^st for wheat. The marketing year for beef and pork is the calendar year.

Wheat came out at 427,200 tons (15.7 million bushels). Taiwan purchased 95,500 tons and the Philippines bought 89,600 tons, while unknown destinations canceled on 85,500 tons. Early in the 2025/26 marketing year, wheat exports are 232.8 million bushels, compared to 199.4 million in 2024/25.

Corn was reported at 903,800 tons (35.6 million bushels), up 14% from the week ending June 5^th, but down 6% from the four-week average. Japan picked up 366,200 tons and Mexico purchased 209,000 tons, but unknown destinations canceled on 290,400 tons. In the final quarter of the 2024/25 marketing year, corn exports are 2.631 billion bushels, compared to 2.08 billion in 2023/24. Sales of 155,000 tons (6.1 million bushels) for 2025/26 delivery were mainly to unknown destinations (65,000 tons) and Mexico (62,400 tons).

Sorghum sales of 50,800 tons (2 million bushels) were 44% lower than the previous week, but 64% higher than the four-week average, all to Mexico. Sorghum exports are 64.5 million bushels, compared to 214.7 million a year ago.

Rice sales of 9,800 tons were a drop of 80% from the week before and 82% from the four-week average. Nicaragua bought 5,100 tons and Japan picked up 2,400 tons. Rice exports are 3,052,600 tons, compared to 3,376,200 this time last year. Sales of 300 tons for 2025/26 delivery were to Taiwan.

Soybeans were pegged at 539,500 tons (19.8 million bushels), rising solidly from both the prior week and the four-week average. Germany purchased 122,900 tons and Mexico bought 101,700 tons. So far, this marketing year, soybean exports are 1.805 billion bushels, compared to 1.625 billion a year ago. Sales of 75,200 tons (2.8 million bushels) for 2025/26 delivery were primarily to Mexico (57,900 tons) and Costa Rica (12,300 tons).

Soybean meal came out at 160,300 tons, a decline of 25% on the week and 49% from the four-week average. Venezuela picked up 37,300 tons and unknown destinations purchased 29,900 tons. At this point in the marketing year, soybean meal exports are 14,163,600 tons, compared to 12,637,000 last year. Sales of 14,000 tons for 2025/26 delivery were mostly to Canada (4,500 tons) and Mexico (3,300 tons).

Soybean oil had a net reduction of 1,500 tons with sales of 100 to 2,400 tons more than offset by cancelations of 1,200 to 3,000 tons. Cumulative soybean oil exports are 1,051,900 tons, compared to 182,800 a year ago.

Upland cotton was pegged at 83,200 bales, 38% more than the previous week, but 23% less than the four-week average. Vietnam bought 49,400 bales and Turkey picked up 15,700 bales. 2024/25 upland cotton exports are 11,668,700 bales, compared to 12,732,100 in 2023/24. Sales of 274,900 bales for 2025/26 delivery were mainly to Vietnam (78,800 bales) and El Salvador (72,300 bales).

Net beef sales totaled 11,700 tons, falling 24% from the week before and 9% from the four-week average. The reported purchasers were Japan (4,000 tons), South Korea (3,200 tons), Mexico (1,500 tons), Hong Kong (1,000 tons), and Canada (600 tons), with a net reduction by China (100 tons). Shipments of 13,600 tons were down 3% from the prior week, but up 3% from the four-week average, primarily to South Korea (4,300 tons), Japan (3,800 tons), Mexico (1,300 tons), Canada (1,200 tons), and Taiwan (1,200 tons).

Net pork sales totaled 28,200 tons, a big increase on the week, but a decrease of 1% from the four-week average. The listed buyers were Mexico (16,200 tons), Japan (5,000 tons), Australia (1,600 tons), Canada (1,400 tons), Colombia (1,100 tons). Shipments of 30,200 tons were 10% lower than the previous week, but 5% higher than the four-week average, mostly to Mexico (12,900 tons), Japan (3,600 tons), China (3,300 tons), South Korea (2,700 tons), and Colombia (1,900 tons).