How are grain exports progressing this season?

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The USDA is still catching up on its weekly export sales reporting, but reports have shown a continued strong trend for corn and wheat commitments, while soybean sales lag behind previous years.

CORN
U.S. corn export sales during the week ending Nov. 13 totaled 2.38 million metric tons (MMT) for the 2025/26 marketing year, up from 979,500 metric tons (MT) the previous week. Sales were the strongest since the week ending Oct. 2.

Mexico was the top buyer for the week, accounting for 767,100 MT of the total. Japan was the second-largest buyer, followed by Taiwan and South Korea. Total commitments of U.S. corn to Mexico are a record.

Exports during the week totaled 2.48 MMT, reaching a marketing-year high. Accumulated exports reached 16.23 MMT, up 74 percent from the previous season. Total exports and commitments for the marketing year rose to 40.72 MMT, which is also running at a record pace.

SOYBEANS
U.S. soybean export sales totaled 695,600 MT for the 2025/26 marketing year, up from 510,600 MT the previous week. Sales remained well below the five-year average. Turkey was the top buyer of U.S. soybeans during the week, followed by Egypt and Indonesia. China canceled 100,000 MT of sales, and unknown buyers canceled another 350,300 MT.

Physical exports rose sharply during the week to 1.55 MMT, falling short of the marketing-year high of 1.67 MMT. Like sales, exports remained well below average for this time of the season. Accumulated shipments reached 10.05 MMT, down 42 percent year-over-year. Total exports and commitments for the season rose to 18.4 MMT, down 42 percent.

WHEAT
Net wheat export sales nearly doubled during the week ending Nov. 13 to 850,400 MT, up from 462,500 MT the previous week. The bulk of the sales were for unknown buyers. However, Taiwan, South Korea, and Mexico, were among the top known buyers. China also made larger purchases during the week.

Weekly exports fell to 248,900 MT, down from 285,500 MT the previous week. Total exports and commitments for the marketing year rose to 18.12 MMT, up 22 percent from the previous year. The current pace is also running at the best since the 2013/14 season. Mexico has helped account for much of the growth in U.S. wheat export demand this season, as well as Indonesia and Nigeria.


PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. FUTURES TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS.

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