USDA’s latest export sales report, out Thursday morning and covering the week through June 26, held mostly rangebound results for traders to digest. Corn volume led the way once again, and soybean and wheat volume were also relatively solid.
Corn exports found 58.0 million bushels in combined old and new crop sales last week. Old crop sales faded 28% lower week-over-week and were 37% below the prior four-week average. Total sales were near the middle of analyst estimates, which ranged between 35.4 million and 74.8 million bushels. Cumulative sales for the 2024/25 marketing year remain well above last year’s pace after reaching 2.213 billion bushels.
Corn export shipments slid 11% below the prior four-week average, with 57.7 million bushels. Mexico, Japan, South Korea, Colombia and Taiwan were the top five destinations.
Sorghum export sales shifted noticeably above the prior four-week average after reaching 2.8 million bushels. That grain is bound for Spain, Japan and Mexico. Cumulative sales for the 2024/25 marketing year are still less than a third of last year’s pace after reaching 60.4 million bushels.
Soybean exports gathered 25.8 million bushels in combined old and new crop sales last week. Old crop sales improved 62% versus the prior four-week average. China was again absent, with Mexico and unknown destinations stepping up purchases. Total sales were near the middle of analyst estimates, which ranged between 11.0 million and 36.7 million bushels. Cumulative sales for the 2024/25 marketing year are still trending moderately above last year’s pace, with 1.685 billion bushels.
Soybean export shipments eased 5% lower week-over-week after reaching 9.2 million bushels. Mexico, Japan, Taiwan, Indonesia and Malaysia were the top five destinations.
Wheat exports reached 21.5 million bushels last week. That was on the very high end of analyst estimates, which ranged between 7.3 million and 22.0 million bushels. Cumulative sales for the 2025/26 marketing year have pulled slightly ahead of last year’s pace after reaching 47.4 million bushels.
Wheat export shipments reached 20.3 million bushels last week. Mexico, Indonesia, the Philippines, the Dominican Republic and Taiwan were the top five destinations.
Click here for more highlights and data from the latest USDA export sales report.