USDA Reports Active Corn Shipments in Latest Week
Total corn sales shipments for 2023-24 are up 33% from a year ago; soybean sales shipments are down 16%; 2024-25 wheat sales commitments are up 34% from a year ago.
OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report released Thursday listed net sales of 27.9 million bushels (mb) of corn, 48.2 mb of soybeans, and 14.2 mb of wheat. All sales totals include old and new crop purchases.
For the week ended Aug. 1, 2024, USDA reported an increase of 19.1 mb (485,400 mt) of corn export sales in 2023-24 and an increase of 9.8 mb (249,100 mt) for 2024-25. Last week’s export shipments of 51.3 mb were well above the 36.0 mb needed each week to achieve USDA’s export estimate of 2.225 billion bushels (bb) in 2023-24. Corn export shipments now total 1.957 bb in 2023-24 and are up 33% from a year ago. That is slightly below USDA’s estimated pace at a time when USDA’s estimate of U.S. ending corn stocks is the highest in four years.
For the week ended Aug. 1, USDA reported an increase of 12.0 mb (325,400 mt) of soybean export sales in 2023-24 and an increase of 36.2 mb (985,200 mt) for 2024-25. Last week’s export shipments of 12.9 mb were below the 15.6 mb needed each week to achieve USDA’s export estimate of 1.700 bb in 2023-24. Soybean export shipments now total 1.569 bb in 2023-24 and are down 16% from a year ago. That is slightly below USDA’s estimated pace at a time when USDA’s estimate of U.S. ending soybean stocks is the highest in four years.
For the week ended Aug. 1, USDA reported an increase of 10.1 mb (274,000 mt) of wheat export sales for 2024-25 and an increase of 4.1 mb (112,000 mt) for 2025-26. Last week’s export shipments of 18.2 mb were above the 16.1 mb needed each week to achieve USDA’s export estimate of 825 mb in 2024-25. Wheat sales commitments now total 316 mb in 2024-25 and are up 34% from a year ago. That is well above USDA’s estimated pace at a time when USDA’s estimate of U.S. ending wheat stocks is the highest in five years.