Corn, Wheat Export Commitments Continue Higher Than Last Year; Soybeans Lower But Narrowing the Gap

OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report for the week ended Feb. 12, 2026, listed net-corn sales of 60.5 million bushels (mb), soybean net sales of 31.7 mb, and wheat net sales of 11.3 mb. All sales totals are old- and new-crop delivery combined.

For the week ended Feb. 12, USDA reported an increase of 57.9 mb (1,469,500 mt) of corn export sales in 2025-26 and an increase of 2.6 mb (65,700 mt) for 2026-27. Last week’s export shipments of 64.0 mb were below the 65.9 mb needed each week to achieve USDA’s export estimate of 3.300 billion bushels (bb) in 2025-26. Corn export commitments now total 2.452 bb in 2025-26 and are up 30% 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 46% larger than the previous five-year average.  

For the week ended Feb. 12, USDA reported an increase of 29.3 mb (798,200 mt) of soybean export sales in 2025-26 and an increase of 2.4 mb (66,000 mt) for 2026-27. Last week’s export shipments of 47.4 mb were above the 24.2 mb needed each week to achieve USDA’s export estimate of 1.575 bb in 2025-26. Soybean export commitments now total 1.300 bb in 2025-26 and are down 19% 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 Feb. 12, 2026, USDA reported an increase of 10.6 mb (288,000 mt) of wheat export sales for 2025-26 and an increase of 0.7 mb (18,500 mt) for 2026-27. Last week’s export shipments of 11.9 mb were below the 17.0 mb needed each week to achieve USDA’s export estimate of 900 mb in 2025-26. Wheat export commitments now total 830 mb in 2025-26 and are up 15% 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 28% larger than the previous five-year average.