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 164.7 million bushels (mb) of corn; soybean net sales totaled 79.1 mb; wheat net sales commitments totaled 19.6 mb. Corn sales were for 2024-25 and 2025-26 delivery. Wheat and soybean sales were for 2024-25 delivery.

For the week ended Oct. 17, 2024, USDA reported an increase of 141.8 mb (3,602,600 mt) of corn export sales in 2024-25 and an increase of 22.9 mb (581,200 mt) for 2025-26. Last week’s export shipments of 39.3 mb were below the 46.3 mb needed each week to achieve USDA’s export estimate of 2.325 billion bushels (bb) in 2024-25. Corn sales commitments now total 924 mb in 2024-25 and are up 34% 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 Oct. 17, USDA reported an increase of 79.1 mb (2,151,700 mt) of soybean export sales in 2024-25. Last week’s export shipments of 89.9 mb were above the 35.9 mb needed each week to achieve USDA’s export estimate of 1.850 bb in 2024-25. Soybean sales commitments now total 882 mb in 2024-25 and are up 8% from a year ago. That is slightly 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 Oct. 17, USDA reported an increase of 19.6 mb (532,900 mt) of wheat export sales for 2024-25. Last week’s export shipments of 10.2 mb were below the 14.9 mb needed each week to achieve USDA’s export estimate of 825 mb in 2024-25. Wheat sales commitments now total 481 mb in 2024-25 and are up 18% 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.