USDA Reports Higher Corn, Wheat Export Sales In Latest Week
Total corn sales commitments for 2024-25 are up 14% from a year ago; soybean sales commitments are 3% higher than a year ago; wheat sales commitments are up 23% from a year ago.
OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report released Thursday listed net sales of 66.3 million bushels (mb) of corn; soybean net sales totaled 53.0 mb; wheat net sales commitments totaled 16.3 mb. Corn and wheat sales were all for 2024-25 delivery. A small amount of soybeans was sold for 2025-26 delivery.
For the week ended Sep. 26, 2024, USDA reported an increase of 66.3 mb (1,684,100 mt) of corn export sales in 2024-25. Last week’s export shipments of 46.1 mb were above the 45.1 mb needed each week to achieve USDA’s export estimate of 2.300 billion bushels (bb) in 2024-25. Corn sales commitments now total 647 mb in 2024-25 and are up 14% 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. 26, USDA reported an increase of 53.0 mb (1,443,500 mt) of soybean export sales in 2024-25 and a slight increase (1,000 mt) for 2025-26. Last week’s export shipments of 26.6 mb were below the 36.8 mb needed each week to achieve USDA’s export estimate of 1.850 bb in 2024-25. Soybean sales commitments now total 696 mb in 2024-25 and are up 3% 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. 26, USDA reported an increase of 16.3 mb (443,700 mt) of wheat export sales for 2024-25. Last week’s export shipments of 19.5 mb were above the 15.3 mb needed each week to achieve USDA’s export estimate of 825 mb in 2024-25. Wheat sales commitments now total 427 mb in 2024-25 and are up 23% 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.