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 Feb. 5, 2026, listed net-corn sales of 83.9 million bushels (mb), soybean net sales of 10.5 mb, and wheat net sales of 18.4 mb. All sales totals are old- and new-crop delivery combined.

For the week ended Feb. 5, USDA reported an increase of 81.5 mb (2,069,600 mt) of corn export sales in 2025-26 and an increase of 2.4 mb (60,000 mt) for 2026-27. Last week’s export shipments of 59.5 mb were below the 65.8 mb needed each week to achieve USDA’s export estimate of 3.300 billion bushels (bb) in 2025-26. Corn export commitments now total 2.394 bb in 2025-26 and are up 31% 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 46% larger than the previous five-year average. 

For the week ended Feb. 5, USDA reported an increase of 10.4 mb (281,800 mt) of soybean export sales in 2025-26 and 48,000 bushels (1,300 mt) for 2026-27. Last week’s export shipments of 41.5 mb were above the 24.9 mb needed each week to achieve USDA’s export estimate of 1.575 bb in 2025-26. Soybean export commitments now total 1.270 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 Feb. 5, USDA reported an increase of 17.9 mb (488,000 mt) of wheat export sales for 2025-26 and an increase of 0.5 mb (13,900 mt) for 2026-27. Last week’s export shipments of 21.3 mb were above the 17.2 mb needed each week to achieve USDA’s export estimate of 900 mb in 2025-26. Wheat export commitments now total 820 mb in 2025-26 and are up 17% 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.