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 March 12, 2026, listed net-corn sales of 46.6 million bushels (mb), soybean net sales of 11.2 mb, and wheat net sales of 14.8 mb. All totals are old- and new-crop delivery combined.

For the week ended March 12, USDA reported an increase of 46.1 mb (1,171,800 mt) of corn export sales in 2025-26 and an increase of 0.5 mb (12,000 mt) for 2026-27. Last week’s export shipments of 68.9 mb were above the 65.4 mb needed each week to achieve USDA’s export estimate of 3.300 billion bushels (bb) in 2025-26. Corn export commitments now total 2.664 bb in 2025-26 and are up 30% 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 March 12, USDA reported an increase of 11.0 mb (298,200 mt) of soybean export sales in 2025-26 and an increase of 0.2 mb (6,600 mt) for 2026-27. Last week’s export shipments of 33.3 mb were above the 22.1 mb needed each week to achieve USDA’s export estimate of 1.575 bb in 2025-26. Soybean export commitments now total 1.352 bb in 2025-26 and are down 19% 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 March 12, USDA reported an increase of 7.0 mb (189,900 mt) of wheat export sales for 2025-26 and an increase of 7.8 mb (212,100 mt) for 2026-27. Last week’s export shipments of 14.1 mb were below the 17.6 mb needed each week to achieve USDA’s export estimate of 900 mb in 2025-26. Wheat export commitments now total 870 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.