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 48.1 million bushels (mb) of corn; soybean net sales totaled 46.2 mb; wheat net sales commitments totaled 16.1 mb. Corn sales were all for 2024-25 delivery. A small amount of wheat sales was for 2025-26 and a small amount of soybean sales for 2025-26 was cancelled.

For the week ending Oct. 3, 2024, USDA reported an increase of 48.1 mb (1,222,100 mt) of corn export sales in 2024-25. Last week’s export shipments of 41.7 mb were below the 45.1 mb needed each week to achieve USDA’s export estimate of 2.300 billion bushels (bb) in 2024-25. Corn sales commitments now total 695 mb in 2024-25 and are up 15% from a year ago. That is above 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. 3, USDA reported an increase of 46.5 mb (1,264,300 mt) of soybean export sales in 2024-25 and a decrease of 0.3 mb (8,400 mt) for 2025-26. Last week’s export shipments of 62.7 mb were above the 37.1 mb needed each week to achieve USDA’s export estimate of 1.850 bb in 2024-25. Soybean sales commitments now total 740 mb in 2024-25 and are up 4% from a year ago. That is below 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. 3, USDA reported an increase of 15.9 mb (433,600 mt) of wheat export sales for 2024-25 and an increase of 0.2 mb (5,500 mt) for 2025-26. Last week’s export shipments of 13.2 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 443 mb in 2024-25 and are up 19% from a year ago. That is above USDA’s estimated pace at a time when USDA’s estimate of U.S. ending wheat stocks is the highest in four years.