USDA’s latest export sales report, out Thursday morning and covering the week through June 25, held another mixed bag of data for traders to digest. Corn continues to find relatively strong demand, although old-crop sales slid 23% below the prior four-week average. Soybean sales failed to impress after fading below the entire range of trade guesses. Wheat sales were decent as the new 2026-27 marketing year continues to unfold.
Corn exports found 28.8 million bushels in old crop sales and an additional 30.2 million bushels in new crop sales for a total tally of 59.0 million bushels. That was slightly on the lower end of analyst estimates, which ranged between 35.5 million and 86.6 million bushels. Old crop sales eased 2% lower week-over-week.
Corn export shipments shifted 5% above the prior four-week average, with 71.5 million bushels. Japan, Mexico, Taiwan, South Korea and Colombia were the top five destinations.
Sorghum exports stumbled 64% below the prior four-week average, with just under 1 million bushels. Increases to China and Japan were partly offset by reductions to unknown destinations. Sorghum export shipments were up noticeably week-over-week after reaching 6.7 million bushels.
Soybean exports were lackluster, bringing in only 1.5 million bushels in old crop sales and 6.7 million bushels in new crop sales for a total of 8.2 million bushels. That was well below the range of analyst estimates, which estimated total sales would come in between 23.9 million and 57.0 million acres. Old crop sales were a marketing-year low and were 88% below the prior four-week average.
Soybean export shipments fared a bit better, with 14.3 million bushels. That was still 11% below the prior four-week average, however. Mexico, Japan, China, Egypt and Indonesia were the top five destinations.
Wheat export sales reached 11.0 million bushels last week. That was on the very bottom of analyst estimates, which ranged between 11.0 million and 22.1 million bushels. Mexico, unknown destinations, Colombia, Italy and Guatemala were the top five destinations.
Wheat export shipments were a bit lower, after reaching 13.4 million bushels. South Korea, Mexico, the Philippines, Japan and Colombia were the top five destinations.
Click here for more highlights from the latest USDA export sales report.