USDA’s latest export sales report, out Thursday morning and covering the week through April 23, held another mixed bag of data to digest. Corn volume led the way once more, maintaining a solid year-over-year lead as it closes in on record levels for the 2025-26 marketing year. Wheat prices were also decent, while soybean sales were somewhat disappointing.
Corn exports found 62.9 million bushels in exports, which was 21% higher week-over-week and 22% better than the prior four-week average. That was also on the higher end of analyst estimates, which ranged between 39.4 million and 74.8 million bushels. Cumulative sales have jumped 29% above last year’s pace so far.
Corn export shipments shifted 18% lower week-over-week and were 12% below the prior four-week average, with 63.4 million bushels. Mexico was the No. 1 destination, with 12.8 million bushels, followed by Colombia, South Korea, Japan and Venezuela.
Sorghum exports eroded 93% lower week-over-week and were 90% below the prior four-week average, with just under 500,000 bushels. Increases to China, Japan and Mexico were partly offset by reductions for unknown destinations.
Soybean exports fell 18% below the prior four-week average, with 9.5 million bushels, slightly boosted by another 110,000 bushels in new crop sales. Old crop sales were on the lower end of analyst estimates, which ranged between 7.3 million and 22.0 million bushels. Cumulative sales for the 2025-26 marketing year remain 18% below last year’s pace so far following a dip in exports to China.
Soybean export shipments were 16% below the prior four-week average, with 22.4 million bushels. China was the top destination, with 11.6 million bushels, followed by Mexico, Indonesia, Egypt and Colombia.
Wheat exports captured 8.3 million bushels in old crop sales, plus another 5.8 million bushels in new crop sales. Old crop sales jumped noticeably above the four-week average and were on the higher end of analyst estimates, which ranged between zero and 11.0 million bushels. Cumulative sales for the 2025-26 marketing year are staying 16% above last year’s pace so far.
Wheat export shipments were a bit higher still, with 15.1 million bushels, which inched 6% higher than the prior four-week average. Mexico was the No. 1 destination, with 3.3 million bushels, followed by the Philippines, Japan, South Korea and Chile.
Click here for more highlights from today’s USDA export sales report.