U.S. corn export inspections rebounded last week higher last week after dipping to multi-week lows, according to the USDA’s weekly export sales report. During the week ending Feb. 26, net corn sales rose to 2.02 million metric tons (MMT) for the 2025/26 marketing year. South Korea led the buying for the week, followed by Japan and Colombia. Total net sales of 154,000 metric tons (MT) for 2026/27 were reported for Japan.

Physical exports were down 14 percent on the week at 1.70 MMT. Mexico was the top destination, followed by South Korea and Japan. Accumulated corn exports and sales for the marketing year rose to 64.98 MMT, up 31 percent year-over-year, reaching 78 percent of the USDA’s target.

Net soybean export sales fell slightly last week to 383,500 MT for 2025/26. China remained the top buyer despite smaller reported volumes. The Netherlands, Egypt, and Indonesia also landed in the top five list of buyers. Unknown destinations canceled 253,500 MT of soybean sales for the current marketing year, the USDA reported.

Outstanding sales for the current season are running 48 percent above a year ago due to counterseasonal buying from China. Meanwhile, accumulated exports remained 30 percent lower at 26.15 MMT. Total exports and commitments are running just 18 percent behind a year ago at 36.03 MMT.

Soybean meal export sales declined last week to 255,800 MT. The Philippines was the top buyer, followed by Bangladesh and Saudi Arabia. Weekly exports fell sharply to 261,500 MT, primarily destined for Mexico and the Philippines. Accumulated exports and commitments are running 11 percent ahead of last year at 12 MMT.

Wheat export sales for the week ending Feb. 26 fell 42 percent to 203,100 MT for 2025/26. Mexico was the top buyer, followed by Indonesia and Vietnam. Total net sales of 55,000 MT for 2026/27 were reported for Thailand.

Physical exports fell 35 percent from the previous week to 348,900 MT, primarily destined for the Philippines and Mexico. Total exports and commitments are about 13 percent ahead of a year ago at 23.2 MMT. Commitments are running at the fastest pace out of the past five years.

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