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 69.1 million bushels (mb) of corn; soybean net sales totaled 85.0 mb; wheat net sales commitments totaled 13.9 mb. Corn sales were old and new crop combined; wheat and soybean sales were all 2024-25.

For the week ended Nov. 28, 2024, USDA reported an increase of 68.2 mb (1,732,400 mt) of corn export sales in 2024-25 and an increase of 0.9 mb (22,100 mt) for 2025-26. Last week’s export shipments of 41.2 mb were below the 48.1 mb needed each week to achieve USDA’s export estimate of 2.325 billion bushels (bb) in 2024-25. Corn sales commitments now total 1.346 bb in 2024-25 and are up 33% 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. 28, USDA reported an increase of 85.0 mb (2,312,700 mt) of soybean export sales in 2024-25 and 200 mt for 2025-26. Last week’s export shipments of 89.2 mb were above the 28.5 mb needed each week to achieve USDA’s export estimate of 1.825 bb in 2024-25. Soybean sales commitments now total 1.330 bb in 2024-25 and are up 12% from a year ago. That is ahead of USDA’s estimated pace at a time when USDA’s estimate of U.S. ending soybean stocks is the highest in five years.

For the week ended Nov. 28, USDA reported an increase of 13.9 mb (378,200 mt) of wheat export sales for 2024-25. Last week’s export shipments of 11.8 mb were below the 16.5 mb needed each week to achieve USDA’s export estimate of 825 mb in 2024-25. Wheat sales commitments now total 571 mb in 2024-25 and are up 19% from a year ago. That is still 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.