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. 22, 2026, listed net-corn sales of 64.9 million bushels (mb), soybean net sales of 30.1 mb, and wheat net sales of 21.3 mb. Corn and soybean sales are old crop only; wheat sales are old- and new-crop delivery combined.

For the week ended Jan. 22, USDA reported an increase of 64.9 million bushels (1,648,900 mt) of corn export sales in 2025-26 and 0 mb for 2026-27. Last week’s export shipments of 65.8 mb were above the 61.0 mb needed each week to achieve USDA’s export estimate of 3.200 billion bushels (bb) in 2025-26. Corn export commitments now total 2.271 bb in 2025-26 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 53% larger than the previous five-year average.

For the week ended Jan. 22, USDA reported an increase of 30.1 mb (819,000 mt) of soybean export sales in 2025-26 and 0 mb for 2026-27. Last week’s export shipments of 46.6 mb were above the 26.3 mb needed each week to achieve USDA’s export estimate of 1.575 bb in 2025-26. Soybean export commitments now total 1.244 bb in 2025-26 and are down 20% 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. 22, USDA reported an increase of 20.5 mb (558,200 mt) of wheat export sales for 2025-26 and an increase of 0.8 mb (21,400 mt) for 2026-27. Last week’s export shipments of 13.9 mb were below the 16.9 mb needed each week to achieve USDA’s export estimate of 900 mb in 2025-26. Wheat export commitments now total 788 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.