The USDA released its first up-to-date export sales report this morning since resuming reporting from the government shutdown late last year.

U.S. corn export sales fell sharply last week to 377,600 metric tons (MT) for the 2025/26 marketing year. Volumes fell below seasonal averages and hit a marketing-year low. South Korea was the No. 1 destination for U.S. corn during the week, followed by Mexico and Japan.

Unknown buyers had canceled 226,700 MT of corn sales, while Panama canceled 35,000 MT for the season. Meanwhile, Mexico bought 11,900 MT for the new 2026/27 marketing year.

Corn exports during the week fell to 1.40 million metric tons (MMT), holding well above seasonal averages. Accumulated exports for the season rose to 27.41 MMT, up 65 percent from a year ago. Total commitments are running at a record 50.9 MMT.

U.S. soybean export sales totaled 877,900 MT last week, down from 1.24 MMT the previous week. Volumes were above average and the second-highest for the week out of the past five years. Improved sales to China helped boost volumes last week. China was the top buyer for U.S. soybeans, followed by Egypt and Indonesia.

China has bought a confirmed total of about 7.4 MMT of U.S. soybeans, which is well below previous years.

Weekly exports were down slightly on the week to 1.11 MMT, primarily destined for China, Egypt, and Mexico. Total shipments for the marketing year rose to 16.35 MMT, down 45 percent from last season. Total exports and commitments are running at the slowest pace since the 2012/13 marketing year.

Soybean meal exports and commitments have been running at an excellent pace this season. Total commitments reached 9.05 MMT, a record pace for this time of the season.

U.S. wheat export sales rose slightly last week to 118,700 MT for 2025/26. The Philippines was the top buyer for the week, followed by unknown destinations and Mexico. Sales were below the five-year average for the week and ended December on a weaker note. Peru canceled 9,300 MT of new crop sales.

Weekly exports fell sharply to 172,000 MT, with the Philippines, Mexico, and Japan leading the shipments. Accumulated exports rose to 15.06 MMT, still sitting 22 percent ahead of last season. Total commitments are running at the best pace since the 2021/22 season at 20.12 MMT.

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