USDA Weekly Export Sales Report Week Ended Sept. 4, 2025 | |
| Corn | |
| Actual Sales (in MT) | 2025-26: 539,900 |
| Expectations (in MT) | 2025-26: 900,000-2,400,000 |
| Net sales of 539,900 MT for the 2025/2026 marketing year, which began September 1, primarily for Mexico (256,500 MT, including 24,500 MT switched from unknown destinations and decreases of 23,200 MT), Japan (143,700 MT, including 50,000 MT switched from unknown destinations and decreases of 10,200 MT), unknown destinations (95,500 MT), Vietnam (74,500 MT, including decreases of 19,000 MT), and Colombia (22,600 MT, including 50,000 MT switched from unknown destinations and decreases of 66,100 MT), were offset by reductions for Spain (49,500 MT), Portugal (30,000 MT), Costa Rica (16,300 MT), and Nicaragua (4,300 MT). A total of 1,169,700 MT in sales were carried over from the 2024/2025 marketing year, which ended August 31. | |
| Weekly Export Details | Exports for the period ending August 31, of 752,000 MT brought accumulated exports to 69,081,400 MT, up 27 percent from the prior year’s total of 54,277,300 MT. The destinations were primarily to Mexico (242,700 MT), Japan (198,000 MT), Colombia (168,600 MT), Costa Rica (41,700 MT), and Portugal (32,400 MT). Exports for September 1-4 of 687,300 MT were primarily to Mexico (185,500 MT), Japan (156,600 MT), South Korea (136,300 MT), Spain (75,000 MT), and Colombia (54,300 MT). |
| Comments and Performance Indicators | Export commitments are 69.2% 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: 305,400 |
| Expectations (in MT) | 2025-26: 300,000-650,000 |
| Weekly Sales Details | Net sales of 305,400 metric tons (MT) for 2025/2026 were down 2 percent from the previous week and 43 percent from the prior 4-week average. Increases primarily for Japan (78,600 MT, including decreases of 300 MT), Indonesia (70,000 MT), the Philippines (41,000 MT), Venezuela (33,600 MT), and Mexico (27,300 MT, including decreases of 11,400 MT), were offset by reductions for unknown destinations (13,000 MT), Belgium (5,000 MT), Ecuador (3,000 MT), and El Salvador (300 MT). |
| Weekly Export Details | Exports of 356,500 MT were down 60 percent from the previous week and 45 percent and from the prior 4-week average. The destinations were primarily to South Korea (67,400 MT), the Philippines (66,000 MT), Bangladesh (60,800 MT), Taiwan (50,500 MT), and Mexico (37,100 MT). |
| Comments and Performance Indicators | Export commitments are 19.4% 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) | 2025-26: 541,100 |
| Expectations (in MT) | 2025-26: 400,000-1,600,000 |
| Weekly Sales Details | Net sales of 541,100 MT for 2025/2026 marketing year, which began September 1, primarily for unknown destinations (431,700 MT), Taiwan (62,000 MT, including decreases of 34,200 MT), Indonesia (32,900 MT), Malaysia (14,200 MT, including decreases of 18,300 MT), and Nepal (7,500 MT, including decreases of 12,000 MT), were offset by reductions for Mexico (19,300 MT), Algeria (800 MT), and Tunisia (800 MT). A total of 767,000 MT in sales were carried over from the 2024/2025 marketing year, which ended August 31. Exports for the period ending August 31 of 406,600 MT brought accumulated exports to 50,105,900 MT, up 13 percent from the prior year’s total of 44,510,100 MT. The primary destinations were Mexico (85,500 MT), Indonesia (69,800 MT), China (67,800 MT), Egypt (57,800 MT), and Germany (53,300 MT). |
| Weekly Export Details | Exports of 233,600 MT for September 1-4 were to Mexico (49,900 MT), Algeria (44,200 MT), Taiwan (33,800 MT), Japan (31,000 MT), and Tunisia (29,200 MT). |
| Comments and Performance Indicators | Export commitments are running 34.4% behind 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: 33,400 |
| Expectations | 2024-25: 50,000-500,000 |
| Actual Sales (in MT) | 2025-26: 324,100 |
| Expectations | 2025-26: 0-400,000 |
| Weekly Sales Details | Net sales of 33,400 MT for 2024/2025 primarily for Colombia (17,500 MT, including 12,000 MT switched from Venezuela and decreases of 12,400 MT), Sri Lanka (6,200 MT), Jamaica (6,000 MT, including decreases of 1,000 MT), Canada (5,400 MT), and the Philippines (4,000 MT), were offset by reductions primarily for Mexico (7,100 MT), Venezuela (5,500 MT), unknown destinations (2,500 MT), the Dominican Republic (900 MT), and Guatemala (500 MT). Net sales of 324,100 MT for 2025/2026 were primarily for the Philippines (233,000 MT), Colombia (37,100 MT), Mexico (14,900 MT), unknown destinations (10,000 MT), and the Dominican Republic (8,000 MT). |
| Weekly Export Details | Exports of 250,100 MT were down 20 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to the Philippines (92,700 MT), Australia (33,000 MT), Mexico (31,800 MT), Colombia (23,400 MT), and Honduras (13,700 MT). |
| Comments and Performance Indicators | Export commitments are 12.9% 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: (6,400) |
| Expectations (in MT) | 2024-25: 0-16,000 |
| Actual Sales (in MT) | 2025-26: 0 |
| Expectations (in MT) | 2025-26: 0 |
| Weekly Sales Details | Net sales reductions of 6,400 MT for 2024/2025--a marketing year low-- primarily for Mexico (2,200 MT), were more than offset by reductions for Venezuela (3,000 MT), Colombia (2,500 MT), Panama (2,000 MT), and Canada (1,300 MT). |
| Weekly Export Details | Exports of 3,900 MT were up 29 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Mexico (3,200 MT) and Canada (500 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: 129,600 |
| Weekly Sales Details | Net sales of Upland totaling 129,600 RB for 2025/2026 were down 47 percent from the previous week and 33 percent from the prior 4-week average. Increases primarily for Vietnam (61,500 RB, including decreases of 1,000 RB), China (17,600 RB), India (13,800 RB), Pakistan (12,700 RB, including decreases of 800 RB), and Turkey (8,400 RB), were offset by reductions for Thailand (200 RB). |
| Weekly Export Details | Exports of 130,200 RB were down 16 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to Vietnam (43,500 RB), Pakistan (19,600 RB), India (11,700 RB), Mexico (9,100 RB), and Bangladesh (8,900 RB). Net sales of Pima totaling 1,200 RB for 2025/2026 were down 22 percent from the previous week and 43 percent from the prior 4-week average. Increases were primarily for India (800 RB), Indonesia (300 RB), and Japan (100 RB). Exports of 5,800 RB were up 32 percent from the previous week, but down 34 percent from the prior 4-week average. The destinations were primarily to India (4,300 RB), China (700 RB), Bangladesh (300 RB), Vietnam (300 RB), and Colombia (100 RB). |
| Comments and Performance Indicators | Upland cotton export commitments are running 20.5% 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: 12,100 |
| Weekly Sales Details | Net sales of 12,100 MT for 2025 were down 27 percent from the previous week, but up 8 percent from the prior 4-week average. Increases were primarily for Japan (3,400 MT, including decreases of 300 MT), South Korea (2,400 MT, including decreases of 300 MT), Hong Kong (1,900 MT, including decreases of 100 MT), Mexico (900 MT, including decreases of 100 MT), and Taiwan (900 MT, including decreases of 100 MT). |
| Weekly Export Details | Exports of 8,700 MT were down 25 percent from the previous week and 24 percent from the prior 4- week average. The destinations were primarily to Japan (2,800 MT), South Korea (2,500 MT), Taiwan (1,000 MT), Mexico (800 MT), and Hong Kong (500 MT). |
| Comments and Performance Indicators | USDA projects 2025 exports will fall 10.8% from a year ago. |
| Pork | |
| Actual Sales (in MT) | 2025: 17,300 |
| Weekly Sales Details | Net sales of 17,300 MT for 2025 were down 27 percent from the previous week and 35 percent from the prior 4-week average. Increases were primarily for China (8,200 MT, including decreases of 100 MT), Mexico (4,700 MT, including decreases of 700 MT), Honduras (1,500 MT), Canada (800 MT, including decreases of 200 MT), and Japan (300 MT, including decreases of 4,600 MT). |
| Weekly Export Details | Exports of 23,400 MT were down 12 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Mexico (11,100 MT), Japan (2,900 MT), China (2,100 MT), South Korea (2,000 MT), and Colombia (1,700 MT). |
| Comments and Performance Indicators | USDA projects exports in 2025 will fall 2.0% from last year. |
Weekly corn sales lighter than expected
Analyst’s expected net new crop corn sales to range from 900,000 MT to 2.4 MMT.
(Chip Flory)