Corn, Wheat Export Commitments Continue Higher Than Last Year; Soybeans Lower But Narrowing the Gap

OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report for the week ended Feb. 26, 2026, listed net-corn sales of 85.7 million bushels (mb), soybean net sales of 14.1 mb, and wheat net sales of 9.5 mb. Corn and wheat sales totals are old- and new-crop delivery combined. Soybean sales were all old crop.

For the week ended Feb. 26, USDA reported an increase of 79.6 mb (2,022,600 mt) of corn export sales in 2025-26 and an increase of 6.1 mb (154,000 mt) for 2026-27. Last week’s export shipments of 66.8 mb were above the 65.6 mb needed each week to achieve USDA’s export estimate of 3.300 billion bushels (bb) in 2025-26. Corn export commitments now total 2.558 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. 26, USDA reported an increase of 14.1 mb (383,500 mt) of soybean export sales in 2025-26 and 0 mb for 2026-27. Last week’s export shipments of 41.1 mb were above the 23.3 mb needed each week to achieve USDA’s export estimate of 1.575 bb in 2025-26. Soybean export commitments now total 1.324 bb in 2025-26 and are down 18% 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. 26, USDA reported an increase of 7.5 mb (203,100 mt) of wheat export sales for 2025-26 and an increase of 2.0 mb (55,000 mt) for 2026-27. Last week’s export shipments of 12.8 mb were below the 17.1 mb needed each week to achieve USDA’s export estimate of 900 mb in 2025-26. Wheat export commitments now total 847 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.