USDA Reports Lower Corn, Wheat Export Sales in Latest Week
Total corn sales for 2024-25 are up 17% from a year ago; soybean sales are slightly less than a year ago; wheat sales commitments are up 22% from a year ago.
OMAHA (DTN) — USDA’s Weekly Export Sales and Shipments report released Thursday listed net sales of 21.1 million bushels (mb) of corn; soybean net sales totaled 57.9 mb; wheat net sales commitments totaled 6.2 mb. Corn and soybean sales were all for 2024-25 delivery. Wheat sales were a combination of 2024-25 and 2025-26 crops.
For the week ended Sept. 19, 2024, USDA reported an increase of 21.1 mb (535,100 mt) of corn export sales in 2024-25. Last week’s export shipments of 43.5 mb were below 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 580 mb in 2024-25 and are up 17% 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. 19, USDA reported an increase of 57.9 mb (1,574,700 mt) of soybean export sales in 2024-25. Last week’s export shipments of 19.0 mb were below the 36.4 mb needed each week to achieve USDA’s export estimate of 1.850 bb in 2024-25. Soybean sales commitments now total 645 mb in 2024-25 and are slightly less than 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. 19, USDA reported an increase of 5.8 mb (158,900 mt) of wheat export sales for 2024-25 and an increase of 0.4 mb (10,000 mt) for 2025-26. Last week’s export shipments of 26.1 mb were well above the 15.5 mb needed each week to achieve USDA’s export estimate of 825 mb in 2024-25. Wheat sales commitments now total 410 mb in 2024-25 and are up 22% 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.