USDA Reports Active Week of US Export Sales
Total corn sales for 2024-25 are up 20% from a year ago; soybean sales are down 14%; wheat sales commitments are up 30% from a year ago.
OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report released Thursday listed net sales of 26.2 million bushels (mb) of corn; soybean net sales totaled 54.2 mb; wheat net sales commitments totaled 17.4 mb.
For the week ended Sept. 5, 2024, USDA reported an increase of 26.2 mb (666,500 mt) of corn export sales. Last week’s export shipments of 22.0 mb were below the 44.2 mb needed each week to achieve USDA’s export estimate of 2.300 billion bushels (bb) in 2024-25. Corn export sales now total 525 mb in 2024-25 and are up 20% from a year ago. That is above USDA’s estimated pace at a time when USDA’s estimate of U.S. ending corn stocks is the highest in six years.
For the week ended Sept. 5, USDA reported an increase of 54.2 mb (1,474,000 mt) of soybean export sales. Last week’s export shipments of 11.5 mb were below the 35.6 mb needed each week to achieve USDA’s export estimate of 1.850 bb in 2024-25. Soybean export sales now total 523 mb in 2024-25 and are down 14% from a year ago. That is below USDA’s estimated pace at a time when USDA’s estimate of U.S. ending soybean stocks is the highest in six years.
For the week ended Sept. 5, USDA reported an increase of 17.4 mb (474,900 mt) of wheat export sales for 2024-25. Last week’s export shipments of 19.9 mb were above the 15.9 mb needed each week to achieve USDA’s export estimate of 825 mb in 2024-25. Wheat sales commitments now total 396 mb in 2024-25 and are up 30% from a year ago. That is above USDA’s estimated pace at a time when USDA’s estimate of U.S. ending wheat stocks is the highest in four years.