USDA’s latest export sales report, out Thursday morning and covering the week through September 4, marks a turning point for corn and soybeans. That’s because those commodities start a new marketing year starting September 1. Corn exports finished with record-breaking results that totaled 2.72 billion bushels. Soybean exports also ended up 13% higher year-over-year in its latest campaign. Wheat sales were pedestrian last week, meantime, sliding to the very low end of analyst estimates.
Corn exports saw 21.2 million bushels in new crop sales, plus a carryover of 46.1 million bushels in old crop sales for a total volume of 67.3 million bushels. That was near the middle of analyst estimates, which ranged between 35.4 million and 94.5 million bushels. Mexico, Japan, unknown destinations, Colombia and Vietnam were the top five destinations.
Corn export shipments reached 27.1 million bushels over the first four days of September. Mexico, Japan, South Korea, Spain and Colombia were the top five destinations.
Sorghum export sales 2.1 million bushels in the new marketing year, closing out a disappointing 2024-25 campaign. That grain is bound for unknown destinations and Japan. Total sales in the 2024-25 marketing year finished 70% below 2023-24 volumes.
Soybean exports gathered a total of 48.1 million bushels in combined old and new crop sales last week. Unknown destinations, Mexico, China, Taiwan and Indonesia were the top five destinations. The 2024-25 marketing year closed with 1.84 billion bushels in total sales, which was 13% higher year-over-year.
Soybean export shipments reached 8.6 million bushels from September 1-4. Mexico, Algeria, Taiwan, Japan and Tunisia were the top five destinations.
Wheat exports only made it to 11.2 million bushels, easing 2% below the prior week’s tally. Japan, Indonesia, the Philippines, Venezuela and Mexico were the top five destinations. Cumulative sales for the 2025-26 marketing year remain moderately ahead of last year’s pace after reaching 251.6 million bushels.
Wheat export shipments slumped 45% below the prior four-week average, with 13.1 million bushels. South Korea, the Philippines, Bangladesh, Taiwan and Mexico were the top destinations.
Click here for more highlights from today’s USDA export sales report.