Corn, Wheat Export Commitments Continue Higher Than Last Year; Soybeans Lower

OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report for the week ended Jan. 29, 2026, listed net-corn sales of 41.6 million bushels (mb), soybean net sales of 16.5 mb, and wheat net sales of 15.2 mb. All sales totals are old- and new-crop delivery combined.

For the week ended Jan. 29, USDA reported an increase of 41.0 mb (1,041,200 mt) of corn export sales in 2025-26 and an increase of 0.6 mb (16,400 mt) for 2026-27. Last week’s export shipments of 45.2 mb were below the 60.8 mb needed each week to achieve USDA’s export estimate of 3.200 billion bushels (bb) in 2025-26. Corn export commitments now total 2.312 bb in 2025-26 and are up 31% from a year ago. That is ahead of USDA’s estimated pace at a time when USDA’s estimate of U.S. ending corn stocks is 53% larger than the previous five-year average. 

For the week ended Jan. 29, USDA reported an increase of 16.1 mb (436,900 mt) of soybean export sales in 2025-26 and 14,700 bushels (400 mt) for 2026-27. Last week’s export shipments of 51.0 mb were above the 25.7 mb needed each week to achieve USDA’s export estimate of 1.575 bb in 2025-26. Soybean export commitments now total 1.260 bb in 2025-26 and are down 20% from a year ago. That is behind USDA’s estimated pace at a time when USDA’s estimate of U.S. ending soybean stocks is 20% larger than the previous five-year average.    

For the week ended Jan. 29, USDA reported an increase of 13.7 mb (373,900 mt) of wheat export sales for 2025-26 and an increase of 1.5 mb (41,000 mt) for 2026-27. Last week’s export shipments of 14.8 mb were below the 17.1 mb needed each week to achieve USDA’s export estimate of 900 mb in 2025-26. Wheat export commitments now total 802 mb in 2025-26 and are up 18% from a year ago. That is ahead of USDA’s estimated pace at a time when USDA’s estimate of U.S. ending wheat stocks is 27% larger than the previous five-year average.