Strong new-crop corn sales at 2.86 MMT

Net corn sales for 2025-26 during the week ended Aug. 14 exceeded expectations by 860,000 MT. New crop soybean sales were also stronger than expected.

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USDA Weekly Export Sales Report
(Chip Flory)

USDA Weekly Export Sales Report

Week Ended Aug. 14, 2025

Corn
Actual Sales (in MT)
2024-25: (27,100)
Expectations (in MT)
2024-25: (100,000)-300,000
Actual Sales (in MT)
2025-26: 2,860,000
Expectations (in MT)
2025-26: 900,000-2,000,000
Net sales reductions of 27,100 MT for 2024/2025 primarily for Israel (56,100 MT, including 60,000 MT switched from unknown destinations and decreases of 3,900 MT), Italy (29,700 MT, including 30,000 MT switched from unknown destinations and decreases of 300 MT), Vietnam (19,000 MT), Colombia (11,400 MT, including 5,300 MT switched from Venezuela and decreases of 41,000 MT), and Malaysia (6,000 MT), were more than offset by reductions primarily for unknown destinations (54,500 MT), South Korea (54,000 MT), Japan (49,200 MT), the United Kingdom (4,600 MT), and Mexico (3,100 MT). Net sales of 2,860,000 MT for 2025/2026 primarily for unknown destinations (949,400 MT), Mexico (749,000 MT), South Korea (201,000 MT), Japan (187,900 MT), and Spain (187,000 MT), were offset by reductions for Indonesia (1,300 MT).
Weekly Export Details
Exports of 1,041,000 MT were down 32 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to Mexico (316,800 MT), Japan (190,700 MT, including 22,000 MT - late), South Korea (131,000 MT), Colombia (82,900 MT), and Israel (56,100 MT).
Comments and Performance Indicators
Export commitments are 26.0% ahead of a year-ago. USDA projects exports in 2024-25 at 2.820 billion bu., 25.1% above the previous marketing year.
Wheat
Actual Sales (in MT)
2025-26: 519,800
Expectations (in MT)
2025-26: 500,000-800,000
Weekly Sales Details
Net sales of 519,800 metric tons (MT) for 2025/2026 were down 28 percent from the previous week and 25 percent from the prior 4-week average. Increases were primarily for Mexico (119,500 MT, including decreases of 1,200 MT), South Korea (90,500 MT, including decreases of 65,000 MT), unknown destinations (80,400 MT), Thailand (66,000 MT), and South Africa (51,600 MT switched from unknown destinations). Total net sales reductions of 38,000 MT for 2026/2027 were for unknown destinations.
Weekly Export Details
Exports of 360,600 MT were up 6 percent from the previous week, but down 30 percent from the prior 4-week average. The destinations were primarily to Japan (56,900 MT), South Africa (51,600 MT), Venezuela (44,300 MT), Chile (39,500 MT), and the Philippines (38,500 MT).
Comments and Performance Indicators
Export commitments are 23.4% ahead of year-ago. USDA projects exports in 2025-26 exports are projected at 875 million bu., up 5.9% from last year.
Soybeans
Actual Sales (in MT)
2024-25: (5,700)
Expectations (in MT)
2024-25: (300,000)-300,000
Actual Sales (in MT)
2025-26: 1,142,600
Expectations (in MT)
2025-26: 400,000-1,000,000
Weekly Sales Details
Net sales reductions of 5,700 MT for 2024/2025 primarily for Spain (72,200 MT, including 66,000 MT switched from unknown destinations), the Netherlands (53,300 MT, including 60,000 MT switched from unknown destinations and decreases of 6,700 MT), Germany (51,400 MT), Indonesia (34,700 MT, including decreases of 300 MT), and Egypt (11,800 MT), were more than offset by reductions for unknown destinations (257,000 MT). Net sales of 1,142,600 MT for 2025/2026 primarily for unknown destinations (645,000 MT), Mexico (120,100 MT), Spain (106,000 MT), the United Kingdom (66,000 MT), and Egypt (60,000 MT), were offset by reduction for Senegal (200 MT) and Japan (100 MT).
Weekly Export Details
Exports of 517,900 MT were down 3 percent from the previous week, but up 9 percent from the prior 4-week average. The destinations were primarily to Egypt (126,800 MT), Mexico (94,300 MT), Spain (72,200 MT), Taiwan (69,800 MT), and the Netherlands (53,300 MT).
Comments and Performance Indicators
Export commitments are running 11.5% ahead of a year-ago. USDA projects exports in 2024-25 at 1.875 billion bu., up 10.3% from the previous marketing year.
Soymeal
Actual Sales (in MT)
2024-25: 45,700
Expectations
2024-25: (100,000)-150,000
Actual Sales (in MT)
2025-26: 176,200
Expectations
2025-26: 50,000-300,000
Weekly Sales Details
Net sales of 45,700 MT for 2024/2025 were up 74 percent from the previous week, but down 57 percent from the prior 4-week average. Increases primarily for Ecuador (48,400 MT, including 50,000 MT switched from unknown destinations and decreases of 1,900 MT), Australia (30,000 MT switched from Austria), Colombia (14,400 MT, including decreases of 7,100 MT), Venezuela (8,500 MT, including 7,000 MT switched from Colombia), and Vietnam (5,700 MT, including decreases of 500 MT), were offset by reductions for unknown destinations (50,500 MT) and Austria (30,000 MT). Net sales of 176,200 MT for 2025/2026 primarily for Mexico (63,800 MT), the Philippines (47,600 MT), Canada (35,400 MT), unknown destinations (20,000 MT), and El Salvador (15,000 MT), were offset by reductions for Colombia (14,500 MT).
Weekly Export Details
Exports of 264,500 MT were down 27 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Vietnam (73,800 MT), Ecuador (58,400 MT), Venezuela (38,500 MT), Canada (20,600 MT), and Mexico (18,300 MT).
Comments and Performance Indicators
Export commitments are 12.8% ahead of a year-ago. USDA projects exports in 2024-25 will increase 11.5% from the previous marketing year in 2023-24.
Soyoil
Actual Sales (in MT)
2024-25: 2,600
Expectations (in MT)
2024-25: (10,000)-15,000
Actual Sales (in MT)
2025-26: 0
Expectations (in MT)
2025-26: 0
Weekly Sales Details
Net sales of 2,600 MT for 2024/2025 were up noticeably from the previous week and up 7 percent from the prior 4-week average. Increases reported for Mexico (2,700 MT) and Honduras (100 MT), were offset by reductions for Canada (300 MT).
Weekly Export Details
Exports of 4,700 MT were up 23 percent from the previous week, but down 48 percent from the prior 4-week average. The destinations were Mexico (3,700 MT), Canada (900 MT), and Honduras (100 MT).
Comments and Performance Indicators
Export commitments are well ahead of year-ago. USDA projects exports will more than quadruple in 2024-25.
Cotton
Actual Upland Sales (in RB)
2024-25: 105,400
Weekly Sales Details
Net sales of Upland totaling 105,400 RB for 2025/2026 primarily for Vietnam (35,800 RB, including 400 RB switched from South Korea and decreases of 11,700 RB), Pakistan (28,100 RB, including decreases of 1,200 RB), Bangladesh (21,300 RB, including 2,600 RB switched from Pakistan and decreases of 4,500 RB), Peru (8,400 RB, including decreases of 600 RB), and India (7,300 RB), were offset by reductions for Turkey (12,600 RB), South Korea (400 RB), and Malaysia (300 RB).
Weekly Export Details
Exports of 123,300 RB were primarily to Vietnam (31,100 RB), Bangladesh (18,500 RB), Pakistan (12,200 RB), Mexico (9,600 RB), and Honduras (9,500 RB). Net sales of Pima totaling 1,000 RB for 2025/2026 were primarily for India (800 RB, including decreases of 1,900 RB) and Thailand (200 RB). Exports of 4,600 RB were primarily to India (2,900 RB), Egypt (700 RB), Thailand (400 RB), Bangladesh (300 RB), and Vietnam (200 RB).
Comments and Performance Indicators
Upland cotton export commitments are running 25.8% behind a year ago. USDA forecasts total cotton exports will rise 0.8% from a year ago to 12.00 million bales in 2025-26.
Beef
Actual Sales (in MT)
2025: 10,100
Weekly Sales Details
Net sales of 10,100 MT for 2025 were up noticeably from the previous week, but down 11 percent from the prior 4-week average. Increases were primarily for Japan (2,500 MT, including decreases of 100 MT), Hong Kong (2,400 MT, including decreases of 100 MT), South Korea (1,600 MT, including decreases of 700 MT), Taiwan (1,400 MT, including decreases of 100 MT), and Mexico (600 MT, including decreases of 100 MT).
Weekly Export Details
Exports of 11,100 MT were down 3 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to Japan (3,700 MT), South Korea (2,500 MT), Taiwan (1,200 MT), Mexico (1,100 MT), and Hong Kong (800 MT).
Comments and Performance Indicators
USDA projects 2025 exports will fall 10.8% from a year ago.
Pork
Actual Sales (in MT)
2025: 19,200
Weekly Sales Details
Net sales of 19,200 MT for 2025 were down 9 percent from the previous week and 29 percent from the prior 4-week average. Increases were primarily for Mexico (5,300 MT, including decreases of 700 MT), South Korea (4,000 MT, including decreases of 500 MT), Japan (2,600 MT, including decreases of 100 MT), Canada (2,000 MT, including decreases of 200 MT), and Colombia (1,800 MT, including decreases of 100 MT).
Weekly Export Details
Exports of 28,600 MT were up 6 percent from the previous week and 4 percent from the prior 4- week average. The destinations were primarily to Mexico (12,800 MT), Japan (3,900 MT), China (2,500 MT), South Korea (2,400 MT), and Colombia (1,800 MT).
Comments and Performance Indicators
USDA projects exports in 2025 will fall 2.0% from last year.