Corn, Wheat, Soybean Export Commitments Continue Higher Than Year Ago

OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report released Friday due to Monday’s Veterans Day holiday listed net sales of 51.8 million bushels (mb) of corn; soybean net sales totaled 57.2 mb; wheat net sales commitments totaled 14.0 mb. All sales were for 2024-25 delivery.

For the week ended Nov. 7, 2024, USDA reported an increase of 51.8 mb (1,315,100 mt) of corn export sales in 2024-25. Last week’s export shipments of 27.5 mb were below the 46.8 mb needed each week to achieve USDA’s export estimate of 2.325 billion bushels (bb) in 2024-25. Corn sales commitments now total 1.177 bb in 2024-25 and are up 42% 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 the highest in six years.

For the week ended Nov. 7, USDA reported an increase of 57.2 mb (1,555,400 mt) of soybean export sales in 2024-25. Last week’s export shipments of 86.0 mb were above the 33.4 mb needed each week to achieve USDA’s export estimate of 1.825 bb in 2024-25. Soybean sales commitments now total 1.097 bb in 2024-25 and are up 6% 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 the highest in six years.

For the week ended Nov. 7, USDA reported an increase of 14.0 mb (380,100 mt) of wheat export sales for 2024-25. Last week’s export shipments of 11.1 mb were below the 15.3 mb needed each week to achieve USDA’s export estimate of 825 mb in 2024-25. Wheat sales commitments now total 524 mb in 2024-25 and are up 20% 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 the highest in four years.