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U.S. export sales mostly up on week
The USDA’s reporting a generally solid week for U.S. export sales as most key commodities saw week-to-week improvements. China led the way for beef and soybean sales during the week ending January 16th, while South Korea topped the list for corn, and Japan and Mexico purchased about half of the week’s total for pork. Cotton notched a marketing year high thanks to good demand from Vietnam and Pakistan. Export demand is influenced by several factors, including the value of the dollar relative to other currencies, seasonal supply changes, and geopolitical relationships. The USDA’s next round of supply and demand numbers is out February 11th.
Physical shipments of corn and soybeans were more than what’s needed to meet projections for the current marketing year. The 2024/25 marketing year got underway 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 164,800 tons (6.1 million bushels), down 68% from the week ending January 9th and 52% from the four-week average. Mexico purchased 57,500 tons and Japan bought 49,200 tons. At this point in the 2024/25 marketing year, wheat exports are 650.2 million bushels, compared to 608.2 million in 2023/24. Sales of 50,500 tons (1.9 million bushels) for 2025/26 delivery were mainly to the Philippines (33,000 tons) and Japan (14,000 tons).
Corn was reported at 1,661,000 tons (65.4 million bushels), up 62% from the previous week and 68% from four-week average. South Korea picked up 462,100 tons and Taiwan purchased 277,500 tons, while unknown destinations canceled on 111,300 tons. For the marketing year to date, corn exports are 1.651 billion bushels, compared to 1.279 billion a year ago. Sales of 9,200 tons (400,000 bushels) for 2025/26 delivery were to Mexico (5,100 tons), Japan (3,900 tons), and China (200 tons).
There were no new sorghum sales. Sorghum exports are 44 million bushels, compared to 168 million this time last year.
Rice sales of 46,400 tons were a substantial improvement from the week before and 17% above the four-week average. El Salvador bought 24,300 tons and Mexico picked up 16,000 tons, while unknown destinations canceled on 17,000 tons. Rice exports are 1,958,200 tons, compared to 2,034,100 a year ago.
Soybeans were pegged at 1,491,800 tons (54.8 million bushels), quite a bit more than both the week before and the four-week average. China purchased 888,600 tons and Japan bought 120,700 tons. So far, this marketing year, soybean exports are 1.555 billion bushels, compared to 1.394 billion last year. Sales of 900 tons for 2025/26 delivery were to Japan.
Soybean meal came out at 208,700 tons, an increase of 45% from the prior week, but a decrease of 5% from the four-week average. Mexico picked up 45,800 tons and Venezuela purchased 35,800 tons. Late in the first quarter of the marketing year, soybean meal exports are 8,802,300 tons, compared to 7,808,800 a year ago. Sales of 1,500 tons for 2025/26 delivery were to Mexico (800 tons) and Canada (700 tons).
Soybean oil was reported at 2,900 tons, dropping 95% on the week and 93% from the four-week average. Colombia bought 8,800 tons and South Korea picked up 1,000 tons, while unknown destinations canceled on 5,500 tons and Venezuela canceled on 2,000 tons. Cumulative soybean oil exports are 659,500 tons, compared to 32,200 last year.
Upland cotton was pegged at 348,900 bales, rising 10% from the previous week and 62% from the four-week average. Vietnam purchased 94,500 bales and Pakistan bought 75,400 bales. 2024/25 upland cotton exports are 8,417,300 bales, compared to 9,513,000 in 2023/24. Sales of 79,800 bales for 2025/26 delivery were primarily to Indonesia (70,400 bales).
Net beef sales totaled 15,100 tons. The listed purchasers were China (3,900 tons), Japan (3,200 tons), South Korea (3,200 tons), Mexico (1,500 tons), and Taiwan (900 tons). Shipments of 11,800 tons were mostly to South Korea (3,100 tons), Japan (2,700 tons), China (2,000 tons), Mexico (1,300 tons), and Canada (800 tons).
Net pork sales totaled 37,700 tons. The reported buyers were Japan (9,600 tons), Mexico (9,000 tons), South Korea (7,500 tons), Colombia (2,300 tons), and Australia (2,000 tons). Shipments of 22,800 tons were mainly to Mexico (10,300 tons), South Korea (2,700 tons), China (2,500 tons), Japan (2,300 tons), and Canada (1,300 tons).
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