Weekly corn sales solid at 1.9 MMT

Corn sales during the week ended Sept, 18 totaled 1.923 MMT, according to USDA, which topped analysts’ pre-report range.

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USDA Weekly Export Sales Report
(Chip Flory)

USDA Weekly Export Sales Report

Week Ended Sept. 18, 2025

Corn
Actual Sales (in MT)
2025-26: 1,923,400
Expectations (in MT)
2025-26: 1,000,000-1,800,000
Net sales of 1,923,400 MT for 2025/2026 were primarily for Mexico (891,100 MT, including 35,000 MT switched from unknown destinations and decreases of 3,200 MT), unknown destinations (290,700 MT), Colombia (190,900 MT, including 59,000 MT switched from unknown destinations, 10,000 MT switched from Honduras, and decreases of 68,100 MT), Spain (97,100 MT, including 50,000 MT switched from unknown destinations), and Japan (86,900 MT, including 67,200 MT switched from unknown destinations and decreases of 1,500 MT).
Weekly Export Details
Exports of 1,315,900 MT were primarily to Mexico (491,000 MT), Japan (331,600 MT), Colombia (162,400 MT), Spain (97,100 MT), and Ireland (60,200 MT).
Comments and Performance Indicators
Export commitments are 74.7% ahead of a year-ago. USDA projects exports in 2025-26 at 2.975 billion bu., 5.1% above the previous marketing year.
Wheat
Actual Sales (in MT)
2025-26: 539,800
Expectations (in MT)
2025-26: 300,000-600,000
Weekly Sales Details
Net sales of 539,800 metric tons (MT) for 2025/2026 were up 43 percent from the previous week and 37 percent from the prior 4-week average. Increases primarily for the Philippines (116,000 MT), Italy (86,900 MT, including 25,000 MT switched from unknown destinations), Indonesia (77,400 MT), Japan (58,100 MT), and Bangladesh (55,000 MT), were offset by reductions for Nigeria (12,500 MT), Spain (12,000 MT), Thailand (2,000 MT), unknown destinations (1,400 MT), and Venezuela (200 MT).
Weekly Export Details
Exports of 896,000 MT were up 16 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to the Philippines (132,000 MT), Indonesia (83,800 MT), Mexico (82,700 MT), Venezuela (71,900 MT), and Vietnam (69,600 MT).
Comments and Performance Indicators
Export commitments are 23.7% 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: 724,500
Expectations (in MT)
2025-26: 600,000-1,600,000
Weekly Sales Details
Net sales of 724,500 MT for 2025/2026 were primarily for Egypt (166,200 MT, including 100,000 MT switched from unknown destinations and decreases of 2,600 MT), Taiwan (115,300 MT, including decreases of 400 MT), Mexico (85,900 MT), Indonesia (79,400 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), and unknown destinations (75,000 MT).
Weekly Export Details
Exports of 512,400 MT were primarily to Egypt (209,200 MT), Indonesia (80,000 MT), the United Kingdom (67,100 MT), Mexico (47,600 MT), and Japan (46,700 MT).
Comments and Performance Indicators
Export commitments are running 36.9% behind a year-ago. USDA projects exports in 2024-25 at 1.685 billion bu., down 10.1% from the previous marketing year.
Soymeal
Actual Sales (in MT)
2024-25: 79,600
Expectations
2024-25: 0-50,000
Actual Sales (in MT)
2025-26: 146,600
Expectations
2025-26: 150,000-400,000
Weekly Sales Details
Net sales of 79,600 MT for 2024/2025 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Venezuela (46,200 MT), unknown destinations (11,300 MT), Colombia (8,300 MT, including 6,000 MT switched from unknown destinations and decreases of 500 MT), Morocco (6,000 MT), and the Philippines (4,000 MT), were offset by reductions for Belgium (1,300 MT) and Indonesia (400 MT). Net sales of 146,600 MT for 2025/2026 primarily for Colombia (52,500 MT), unknown destinations (46,100 MT), Vietnam (27,000 MT), Costa Rica (20,900 MT), and the Dominican Republic (13,000 MT), were offset by reductions for Venezuela (19,700 MT), Mexico (6,500 MT), and Morocco (6,000 MT).
Weekly Export Details
Exports of 228,500 MT were down 3 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to the Philippines (48,500 MT), Mexico (44,800 MT), Colombia (43,300 MT), the Dominican Republic (33,000 MT), and Venezuela (16,500 MT).
Comments and Performance Indicators
Export commitments are 13.7% ahead of a year-ago. USDA projects exports in 2024-25 will increase 6.1% from the previous marketing year in 2024-25.
Soyoil
Actual Sales (in MT)
2024-25: (23,300)
Expectations (in MT)
2024-25: (10,000)-10,000
Actual Sales (in MT)
2025-26: 0
Expectations (in MT)
2025-26: 0-20,000
Weekly Sales Details
Net sales reductions of 23,300 MT for 2024/2025--a marketing-year low-- were reported for Venezuela (100 MT) and Canada (100 MT), were more than offset by reductions for South Korea (22,000 MT) and Mexico (1,600 MT). Net sales of 53,200 MT were primarily for South Korea (22,000 MT), Venezuela (13,500 MT), the Dominican Republic (7,500 MT), Jamaica (3,500 MT), and Mexico (2,000 MT).
Weekly Export Details
Exports of 8,800 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were to Venezuela (7,100 MT), Mexico (1,100 MT), and Canada (600 MT).
Comments and Performance Indicators
Export commitments are well ahead of year-ago. USDA projects exports are expected to decline by 72% in 2025-26.
Cotton
Actual Upland Sales (in RB)
2024-25: 86,100
Weekly Sales Details
Net sales of Upland totaling 86,100 RB for 2025/2026 were down 54 percent from the previous week and from the prior 4-week average. Increases primarily for India (27,300 RB), Turkey (22,300 RB, including 3,700 RB switched from Pakistan), Bangladesh (15,400 RB), Vietnam (13,500 RB), and Italy (4,400 RB), were offset by reductions for Pakistan (3,700 RB) and Peru (100 RB).
Weekly Export Details
Exports of 137,200 RB were up 14 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Vietnam (41,700 RB), India (21,000 RB), Bangladesh (20,600 RB), Mexico (8,500 RB), and Turkey (8,500 RB). Net sales of Pima totaling 8,500 RB for 2025/2026 were up 66 percent from the previous week and up noticeably from the prior 4-week average. Increases were primarily for Colombia (6,400 RB), Pakistan (900 RB), Bangladesh (800 RB), India (400 RB), and Guatemala (100 RB). Exports of 5,200 RB were up noticeably from the previous week, but down 22 percent from the prior 4-week average. The destinations were to India (3,300 RB), Peru (1,300 RB), Bangladesh (300 RB), Vietnam (200 RB), and Indonesia (100 RB).
Comments and Performance Indicators
Upland cotton export commitments are running 18.2% 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: 8,400
Weekly Sales Details
Net sales of 8,400 MT for 2025 were down 47 percent from the previous week and 42 percent from the prior 4-week average. Increases were primarily for Japan (2,000 MT, including decreases of 200 MT), Mexico (1,800 MT, including decreases of 100 MT), South Korea (1,300 MT, including decreases of 400 MT), Taiwan (1,100 MT, including decreases of 100 MT), and Canada (900 MT, including decreases of 100 MT). Net sales of 100 MT for 2026 were for Taiwan.
Weekly Export Details
Exports of 12,500 MT were down 5 percent from the previous week, but up 11 percent from the prior 4-week average. The destinations were primarily to Japan (3,400 MT), South Korea (2,900 MT), Mexico (1,500 MT), Taiwan (1,100 MT), and Canada (1,000 MT).
Comments and Performance Indicators
USDA projects 2025 exports will fall 10.8% from a year ago.
Pork
Actual Sales (in MT)
2025: 29,400
Weekly Sales Details
Net sales of 29,400 MT for 2025 were up 34 percent from the previous week and 12 percent from the prior 4-week average. Increases primarily for Mexico (10,000 MT, including decreases of 500 MT), South Korea (4,900 MT, including decreases of 300 MT), Japan (3,800 MT, including decreases of 200 MT), the Dominican Republic (2,600 MT), and Colombia (2,000 MT, including decreases of 200 MT), were offset by reductions for Panama (100 MT). Total net sales of 200 MT for 2026 were for South Korea.
Weekly Export Details
Exports of 29,300 MT were unchanged from the previous week, but up 12 percent from the prior 4- week average. The destinations were primarily to Mexico (13,100 MT), Japan (3,600 MT), China (2,800 MT), South Korea (2,400 MT), and Colombia (1,900 MT).
Comments and Performance Indicators
USDA projects exports in 2025 will fall 2.0% from last year.