Corn, Wheat, Soybean Export Commitments Higher Than Year Ago

OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report released Thursday listed net sales of 92.2 million bushels (mb) of corn; soybean net sales totaled 83.5 mb; wheat net sales commitments totaled 15.1 mb. All sales were for 2024-25 delivery.

For the week ended Oct. 24, 2024, USDA reported an increase of 92.2 mb (2,341,700 mt) of corn export sales in 2024-25. Last week’s export shipments of 31.0 mb were below the 46.4 mb needed each week to achieve USDA’s export estimate of 2.325 bb in 2024-25. Corn sales commitments now total 1.016 billion bushels (bb) in 2024-25 and are up 41% from a year ago. That is well 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 Oct. 24, USDA reported an increase of 83.5 mb (2,273,300 mt) of soybean export sales in 2024-25. Last week’s export shipments of 89.8 mb were above the 34.7 mb needed each week to achieve USDA’s export estimate of 1.850 bb in 2024-25. Soybean sales commitments now total 965 mb in 2024-25 and are up 13% from a year ago. That is slightly ahead of 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 Oct. 24, USDA reported an increase of 15.1 mb (411,400 mt) of wheat export sales for 2024-25. Last week’s export shipments of 9.0 mb were below the 15.1 mb needed each week to achieve USDA’s export estimate of 825 mb in 2024-25. Wheat sales commitments now total 496 mb in 2024-25 and are up 19% from a year ago. That is slightly 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.