The U.S. Department of Agriculture's latest export sales report reveals substantial gains in wheat and soybean sales for the week ending March 6, 2025, while corn exports reached a marketing-year high.
Wheat net sales for the 2024/2025 marketing year jumped to 783,400 metric tons (MT), a notable increase from the previous week and 83% above the prior 4-week average. Panama led purchases with 237,600 MT, followed by South Korea and the Philippines.
Soybean net sales climbed to 751,700 MT, significantly higher than both the previous week and the 4-week average. China remained the top buyer, securing 208,300 MT, with Indonesia and the Netherlands also making substantial purchases.
Corn net sales saw a modest 6% increase to 967,300 MT, though this figure was 19% below the 4-week average. Mexico continued to be the primary destination, accounting for 431,600 MT of the total.
Exports painted a particularly bright picture for corn, hitting a marketing-year high of 1,863,000 MT -- a 47% increase from the previous week. Japan, Mexico, and South Korea were the top destinations.
The report also highlighted significant movements in other commodities:
- Cotton: Upland cotton net sales rose 13% to 271,800 running bales (RB), with Vietnam as the leading buyer.
- Rice: Net sales decreased 48% to 29,800 MT, with Japan, Honduras, and Mexico as top purchasers.
- Beef: Net sales increased 7% to 14,300 MT, primarily destined for Japan and South Korea.
