Mexico drove US corn export sales to a marketing-year high of 2.88 million metric tons in the week ended November 5, with the country purchasing nearly 2 million metric tons for 2026-27 delivery, far exceeding purchases from other major buyers.
- Mexico purchased 1.95 million metric tons of US corn, accounting for the majority of the 2.88 million metric ton marketing-year high for 2026-27 delivery
- Other major corn buyers included Colombia (307,400 metric tons), South Korea (202,000 metric tons), and Spain (87,500 metric tons)
- Mexico also secured 594,400 metric tons of 2027-28 corn, representing future export commitments
- Corn exports lagged sales, declining 16% from the previous week, though Mexico remained a top destination alongside Colombia and Japan
U.S. exporters booked 2.88 million metric tons of corn for 2026-27 delivery in the week ended Nov. 5, a marketing-year high led by nearly 2 million metric tons of purchases by Mexico.
The USDA Foreign Agricultural Service reported the totals in its weekly export sales highlights for Oct. 30 to Nov. 5. Corn net sales of 2,881,400 metric tons were up noticeably from the previous week and the prior four-week average. Mexico took 1,955,300 metric tons, followed by Colombia at 307,400, South Korea at 202,000, Spain at 87,500 and Canada at 77,600. Exporters also sold 594,400 metric tons of 2027-28 corn, all to Mexico.
Much of that business surfaced earlier through USDA's daily reporting system, which logged 1,560,380 metric tons of 2026-27 corn and 594,360 metric tons of 2027-28 corn to Mexico during the period.
Shipments lagged sales. Corn exports of 869,100 metric tons were down 16% from the previous week and 7% from the four-week average, with Mexico, Colombia and Japan the top destinations.
Wheat moved the other way. Net sales of 182,800 metric tons were a marketing-year low, down 66% from the previous week and 62% from the four-week average, with Mexico, Japan and Indonesia the largest buyers. Wheat exports rose 61% from the previous week to 239,500 metric tons.
Soybean sales slowed to 1,154,800 metric tons, down 21% from the previous week and 38% from the four-week average. China accounted for 689,200 metric tons, including 246,000 switched from unknown destinations, while Spain bought 198,000 and Bangladesh 116,200. Soybean exports fell 26% to 1,882,400 metric tons, with 1,266,200 bound for China.
Soybean meal held firmer. Net sales of 360,900 metric tons were down 8% from the previous week but up 7% from the four-week average, and exports climbed 58% to 386,900 metric tons, led by the Philippines, Colombia and Vietnam. Soybean oil sales totaled just 1,700 metric tons, and sorghum sales were 4,600 metric tons.
The next weekly report will cover sales through Nov. 12.
