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 Jan. 15, 2026, listed net-corn sales of 157.9 million bushels (mb), soybean net sales of 90.2 mb, and wheat net sales of 23.2 mb. Corn sales are old crop only; soybean and wheat sales are old- and new-crop delivery combined.

For the week ended Jan. 15, USDA reported an increase of 157.9 mb (4,010,600 mt) of corn export sales in 2025-26 and 0 mb 2026-27. Last week’s export shipments of 56.4 mb were below the 60.8 mb needed each week to achieve USDA’s export estimate of 3.200 billion bushels (bb) in 2025-26. Corn export commitments now total 2.206 bb in 2025-26 and are up 34% 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 53% larger than the previous five-year average. 

For the week ended Jan. 15, USDA reported an increase of 89.9 mb (2,446,000 mt) of soybean export sales in 2025-26 and an increase of 0.3 mb (9,000 mt) for 2026-27. Last week’s export shipments of 49.2 mb were above the 27.0 mb needed each week to achieve USDA’s export estimate of 1.575 bb in 2025-26. Soybean export commitments now total 1.214 bb in 2025-26 and are down 22% from a year ago. That is behind USDA’s estimated pace at a time when USDA’s estimate of U.S. ending soybean stocks is 20% larger than the previous five-year average.    

For the week ended Jan. 15, USDA reported an increase of 22.7 mb (618,100 mt) of wheat export sales for 2025-26 and an increase of 0.5 mb (14,000 mt) for 2026-27. Last week’s export shipments of 13.7 mb were below the 16.8 mb needed each week to achieve USDA’s export estimate of 900 mb in 2025-26. Wheat export commitments now total 768 mb in 2025-26 and are up 18% 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 27% larger than the previous five-year average.