Total commitments of US corn and wheat export sales for the 2024-25 marking year are running far ahead of last year, with soybean sales posting more modest gains, US Department of Agriculture (USDA) data show.
US corn export sales totaled 2.23mn t for the week ended on 10 October, reaching 19.88mn t for the 2024-25 marketing year. Corn export commitments were up by 23pc or 3.7mn t compared with a year earlier.
Japan was the largest known buyer of corn for the week, accounting for 450,000t. Japan had booked 830,000t more corn this marketing year than a year earlier, and among known buyers ranked No. 2 for total commitments of 2.55mn t.
Mexico was the largest corn buyer as of 10 October, with total commitments of 8.28mn t.
But most of the gains in corn sales cannot be attributed to specific buyers, with sales to unknown buyers up by 2.15mn t compared with the year prior.
Wheat export sales totaled 500,000t for the week, with total commitments amounting to 12.55mn t, up by 24pc or 2.46mn t from the year prior.
Mexico was the largest single purchaser of wheat for the week at 140,000t. Mexico also had the largest amount of total commitments for the current wheat marketing year at 2.13mn t, 460,000t more than last year.
The Philippines had 1.68mn t in committed sales for the marketing year.
Soybean export sales totaled 1.7mn t for the week. Total commitments stood at 21.84mn t for the current marketing year, up by 5pc or 1.04mn t from the previous year.
China purchased the most soybeans for the week at 1mn t. China has purchased 9.12mn t of soybeans so far for the current marketing year, but that is 760,000t less than the year prior.
The drop in China soy bookings was offset by gains in purchases from the EU and Egypt.
Click here to download the Argus data and downloads for US corn export sales
Click here to download the Argus data and downloads for US soybean export sales
Click here to download the Argus data and downloads for US wheat export sales
| US Corn Weekly Exports | mn t | |||||
| Current Marketing Year | Next Marketing Year | |||||
| Weekly Exports | Net Sales | Total Commitments | Outstanding Sales | Net Sales | Outstanding Sales | |
| 10-10-24 | 0.50 | 2.23 | 19.88 | 14.91 | 0.00 | 0.11 |
| Prior week | 1.06 | 1.22 | 17.65 | 13.18 | 0.00 | 0.11 |
| WASDE | 1.14* | 59.06 | ||||
| Progress | 34% | |||||
| 5-yr ave | 33% | |||||
| *52 week average WASDE rate | ||||||
| — USDA | ||||||
| US Soybean Weekly Exports | mn t | |||||
| Current Marketing Year | Next Marketing Year | |||||
| Weekly Exports | Net Sales | Total Commitments | Outstanding Sales | Net Sales | Outstanding Sales | |
| 10-10-24 | 1.85 | 1.70 | 21.84 | 16.42 | 0.00 | 0.00 |
| Prior week | 1.71 | 1.26 | 20.14 | 16.57 | -0.01 | 0.00 |
| WASDE | 0.97* | 50.35 | ||||
| Progress | 43% | |||||
| 5-yr ave | 50% | 0% | ||||
| *52 week average WASDE rate | ||||||
| — USDA | ||||||
| US Wheat Weekly Exports | mn t | |||||
| Current Marketing Year | Next Marketing Year | |||||
| Weekly Exports | Net Sales | Total Commitments | Outstanding Sales | Net Sales | Outstanding Sales | |
| 10-10-24 | 0.39 | 0.50 | 12.55 | 3.77 | 0.00 | 0.03 |
| Prior week | 0.36 | 0.43 | 12.05 | 3.66 | 0.01 | 0.03 |
| WASDE | 0.43* | 22.45 | ||||
| Progress | 56% | |||||
| 5-yr ave | 53% | 0% | ||||
| *52 week average WASDE rate | ||||||
| — USDA | ||||||
