The U.S. Department of Agriculture's export sales report for the week ending March 20, 2025, reveals a sharp decline in wheat sales alongside steady corn performance, highlighting the volatile nature of global agricultural markets.
Wheat sales for the 2024/2025 marketing year dropped to 100,300 metric tons (MT), a 65% decrease from the prior 4-week average. Japan emerged as the top buyer with 72,000 MT, followed by Nigeria with 53,400 MT. However, these gains were largely offset by significant reductions of 125,500 MT for unknown destinations.
In contrast, corn sales held firm at 1,039,600 MT, matching the 4-week average despite a 31% week-over-week decrease. Japan led corn purchases with 415,300 MT, including 248,200 MT switched from unknown destinations. Mexico secured 309,900 MT, while unknown destinations reduced their orders by 494,000 MT.
Soybean sales experienced a modest decline, totaling 338,500 MT, down 4% from the previous week and 28% from the 4-week average. Mexico topped the list with 260,900 MT in purchases, followed by China with 202,300 MT.
The report also highlighted a significant uptick in pork sales, which rose 77% from the previous week to 31,900 MT. Mexico was the primary buyer, securing 14,400 MT.
