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USDA reports strong corn and soybean sales in latest export update

Net sales surged to 1.22 million metric tons (MT) for corn and 1.26 million MT for soybeans, with strong interest from China and Mexico.

Sunny Soybean Field Growing

The U.S. Department of Agriculture (USDA) has released its Export Sales Highlights for the week of September 27 – October 3, 2024, with strong performances across major commodities, particularly in corn and soybeans.

Wheat: Net sales of 433,600 metric tons (MT) for 2024/2025 were slightly down by 2% from the previous week but up 31% from the prior four-week average. Mexico led the buyers with 101,400 MT, followed by the Philippines (60,000 MT) and Thailand (53,800 MT). However, exports of 359,700 MT marked a 32% decline from the previous week, primarily destined for Japan (78,700 MT) and Indonesia (75,500 MT).

Corn: Net sales surged to 1,222,100 MT for 2024/2025, driven by sales to unknown destinations (371,200 MT) and Mexico (329,700 MT). Exports totaled 1,059,300 MT, with Mexico (540,000 MT) and Japan (250,300 MT) receiving the largest shipments.

Soybeans: Net sales reached 1,264,300 MT, primarily for China (583,400 MT) and the Netherlands (207,300 MT). Exports of 1,705,300 MT were dominated by shipments to China (704,200 MT) and the Netherlands (207,300 MT).

Pork: Net sales of 50,600 MT for 2024 were up 17% from the previous week, with Mexico (27,200 MT) leading the buyers. Exports totaled 22,800 MT, with 10,200 MT heading to Mexico.

This week’s export report highlights the strength of U.S. grain and oilseed sales, with notable interest from international buyers in major markets like China and Mexico, which continue to be key destinations for U.S. agricultural exports.


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