USDA Reports Another Week of Active Corn Shipments, New-Crop Soybean Sales

OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report released Thursday listed net sales of 36.2 million bushels (mb) of corn and 57.7 mb of soybeans; both sales totals include old and new crop purchases. Wheat saw 2024-25 sales of 12.5 and cancellations of 2.5 mb for 2025-26 delivery.

For the week ended Aug. 8, 2024, USDA reported an increase of 4.7 mb (120,500 mt) of corn export sales in 2023-24 and an increase of 31.5 mb (800,500 mt) for 2024-25. Last week’s export shipments of 40.7 mb were above the 38.4 mb needed each week to achieve USDA’s export estimate of 2.250 bb in 2023-24. Corn export shipments now total 1.998 billion bushels (bb) in 2023-24 and are up 34% 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. 8, USDA reported an increase of 8.1 mb (221,700 mt) of soybean export sales in 2023-24 and an increase of 49.4 mb (1,344,200 mt) for 2024-25. Last week’s export shipments of 15.8 mb were a little below the 16.8 mb needed each week to achieve USDA’s export estimate of 1.700 bb in 2023-24. Soybean export shipments now total 1.582 bb in 2023-24 and are down 16% 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 four years.   

For the week ended Aug. 8, USDA reported an increase of 12.5 mb (339,900 mt) of wheat export sales for 2024-25 and a decrease of 2.5 mb (66,800 mt) for 2025-26. Last week’s export shipments of 18.4 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 328 mb in 2024-25 and are up 32% 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 five years.