Corn, Wheat Export Commitments Continue Higher Than Last Year; Soybeans Lower

OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report for the week ended May 21, 2026, listed corn net sales of 64.4 million bushels (mb), soybean net sales of 16.1 mb, and wheat net sales of 38.9 mb. All totals are old- and new-crop combined.

For the week ended May 21, USDA reported an increase of 40.0 mb (1,015,300 mt) of corn export sales in 2025-26 and an increase of 24.4 mb (618,600 mt) for 2026-27. Last week’s export shipments of 63.5 mb were above the 62.1 mb needed each week to achieve USDA’s export estimate of 3.300 billion bushels (bb) in 2025-26. Corn export commitments now total 3.184 bb in 2025-26 and are up 26% 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 47% larger than the previous five-year average.

For the week ended May 21, USDA reported an increase of 11.0 mb (299,900 mt) of soybean export sales in 2025-26 and an increase of 5.1 mb (137,700 mt) for 2026-27. Last week’s export shipments of 21.0 mb were above the 16.1 mb needed each week to achieve USDA’s export estimate of 1.530 bb in 2025-26. Soybean export commitments now total 1.458 bb in 2025-26 and are down 18% 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 16% larger than the previous five-year average.

For the week ended May 21, USDA reported a net cancellation of 29.7 mb (807,300 mt) of wheat export sales for 2025-26 and an increase of 38.9 mb (1,057,500 mt) for 2026-27. Last week’s export shipments of 11.0 mb were below the 29.4 mb needed each week to achieve USDA’s export estimate of 910 mb in 2025-26. Wheat export commitments now total 891 mb in 2025-26 and are up 14% from a year ago. That is ahead of USDA’s estimated pace at a time when USDA’s estimate of U.S. ending wheat stocks is 28% larger than the previous five-year average.