Weekly soybean sales top expectations at 1.37 MMT

Traders were expecting net new-crop soybean sales for the week ended Aug. 21 to range from 450,000 MT to 1.0 MMT.

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USDA Weekly Export Sales Report
(Chip Flory)

USDA Weekly Export Sales Report

Week Ended Aug. 21, 2025

Corn
Actual Sales (in MT)
2024-25: (17,800)
Expectations (in MT)
2024-25: (200,000)-150,000
Actual Sales (in MT)
2025-26: 2,089,700
Expectations (in MT)
2025-26: 1,200,000-2,600,000
Net sales reductions of 17,800 MT for 2024/2025 primarily for Japan (92,800 MT, including 114,400 MT switched from unknown destinations and decreases of 29,000 MT), Saudi Arabia (67,500 MT, including 68,000 MT switched from unknown destinations and decreases of 500 MT), Israel (59,700 MT, including 55,000 MT switched from unknown destinations), Italy (33,200 MT), and Colombia (30,100 MT, including 25,000 MT switched from unknown destinations, 3,300 MT switched from Venezuela, and decreases of 5,500 MT), were more than offset by reductions primarily for unknown destinations (262,400 MT), Mexico (57,900 MT), Honduras (9,400 MT), Costa Rica (6,800 MT), and Taiwan (4,500 MT). Net sales of 2,089,700 MT for 2025/2026 primarily for Mexico (620,700 MT), unknown destinations (515,200 MT), Colombia (257,000 MT), Spain (208,000 MT), and Vietnam (143,500 MT), were offset by reductions for Italy (30,000 MT).
Weekly Export Details
Exports of 1,149,000 MT were up 12 percent from the previous week, but down 13 percent from the prior 4-week average. The destinations were primarily to Mexico (427,300 MT), Japan (364,100 MT), Saudi Arabia (67,500 MT), Israel (59,700 MT), and Honduras (56,000 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: 579,800
Expectations (in MT)
2025-26: 400,000-700,000
Weekly Sales Details
Net sales of 579,800 metric tons (MT) for 2025/2026 were up 12 percent from the previous week, but down 10 percent from the prior 4-week average. Increases primarily for Vietnam (156,800 MT, including 60,000 MT switched from South Korea, 11,000 MT switched from Indonesia, and decreases of 4,200 MT), Nigeria (106,000 MT, including decreases of 2,300 MT), Mexico (94,200 MT, including decreases of 4,300 MT), Taiwan (90,100 MT, including decreases of 100 MT), and Japan (59,000 MT), were offset by reductions for unknown destinations (139,600 MT) and Chile (3,400 MT).
Weekly Export Details
Exports of 1,005,600 MT--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to Indonesia (149,900 MT), the Philippines (146,400 MT), South Korea (143,000 MT), Mexico (112,000 MT), and Vietnam (91,800 MT).
Comments and Performance Indicators
Export commitments are 22.6% 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: (189,200)
Expectations (in MT)
2024-25: (200,000)-50,000
Actual Sales (in MT)
2025-26: 1,372,600
Expectations (in MT)
2025-26: 450,000-1,000,000
Weekly Sales Details
Net sales reductions of 189,200 MT for 2024/2025 primarily for Spain (71,500 MT, including 66,000 MT switched from unknown destinations), Indonesia (60,400 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), South Korea (58,900 MT, including 62,000 MT switched from unknown destinations and decreases of 3,100 MT), Colombia (11,500 MT, including 11,000 MT switched from unknown destinations), and Vietnam (900 MT, including decreases of 100 MT), were more than offset by reductions for unknown destinations (309,000 MT), the United Kingdom (66,000 MT), Mexico (8,600 MT), Malaysia (8,600 MT), and Taiwan (1,300 MT). Net sales of 1,372,600 MT for 2025/2026 primarily for unknown destinations (690,000 MT), Mexico (315,800 MT), Taiwan (135,500 MT), the United Kingdom (66,000 MT), and Turkey (64,000 MT), were offset by reductions for the Philippines (200 MT).
Weekly Export Details
Exports of 408,800 MT were down 21 percent from the previous week and 23 percent from the prior 4-week average. The destinations were primarily to Mexico (104,700 MT), Indonesia (80,300 MT), Spain (71,500 MT), South Korea (59,200 MT), and Japan (50,700 MT).
Comments and Performance Indicators
Export commitments are running 11.6% 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: 47,300
Expectations
2024-25: 25,000-150,000
Actual Sales (in MT)
2025-26: 214,800
Expectations
2025-26: 100,000-300,000
Weekly Sales Details
Net sales of 47,300 MT for 2024/2025 were up 4 percent from the previous week, but down 34 percent from the prior 4-week average. Increases primarily for Morocco (19,100 MT, including 18,000 MT switched from unknown destinations), Colombia (17,900 MT, including decreases of 300 MT), Mexico (12,100 MT), El Salvador (4,000 MT), and the Philippines (3,500 MT), were offset by reductions for unknown destinations (17,700 MT). Net sales of 214,800 MT for 2025/2026 were primarily for Colombia (55,000 MT), the Philippines (49,500 MT), Mexico (43,500 MT), Venezuela (40,000 MT), and Canada (11,100 MT).
Weekly Export Details
Exports of 198,100 MT were down 25 percent from the previous week and 35 percent from the prior 4-week average. The destinations were primarily to Colombia (55,600 MT), the Philippines (51,400 MT), Japan (28,000 MT), Mexico (19,100 MT), and Morocco (19,100 MT).
Comments and Performance Indicators
Export commitments are 13.0% 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: 11,400
Expectations (in MT)
2024-25: 0-8,000
Actual Sales (in MT)
2025-26: 7,100
Expectations (in MT)
2025-26: 0-6,000
Weekly Sales Details
Net sales of 11,400 MT for 2024/2025 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for Venezuela (3,000 MT), Colombia (2,500 MT), Mexico (2,400 MT), Panama (2,000 MT), and Canada (1,400 MT, including decreases of 100 MT). Net sales of 7,100 MT for 2025/2026 were reported for Canada (7,000 MT) and Mexico (100 MT).
Weekly Export Details
Exports of 3,800 MT were down 20 percent from the previous week and 60 percent from the prior 4-week average. The destinations were to Mexico (3,300 MT), Canada (300 MT), and Guatemala (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: 179,300
Weekly Sales Details
Net sales of Upland totaling 179,300 RB for 2025/2026 primarily for Vietnam (88,400 RB, including 200 RB switched from Japan), Bangladesh (37,800 RB), Pakistan (13,300 RB), Mexico (7,500 RB), and Nicaragua (7,300 RB), were offset by reductions for Peru (1,700 RB) and El Salvador (100 RB).
Weekly Export Details
Exports of 112,700 RB were primarily to Vietnam (41,000 RB), Bangladesh (11,500 RB), India (10,900 RB), Mexico (7,600 RB), and Turkey (6,500 RB). Net sales of Pima totaling 3,900 RB for 2025/2026 were reported for India (1,800 RB), Peru (1,100 RB), Bangladesh (600 RB), Vietnam (300 RB), and Japan (100 RB). Exports of 14,000 RB were primarily to India (6,700 RB), Vietnam (3,100 RB), Pakistan (1,300 RB), Costa Rica (900 RB), and Peru (900 RB).
Comments and Performance Indicators
Upland cotton export commitments are running 23.2% 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: 13,600
Weekly Sales Details
Net sales of 13,600 MT for 2025 were up 34 percent from the previous week and 40 percent from the prior 4-week average. Increases were primarily for Japan (7,700 MT, including decreases of 100 MT), South Korea (1,500 MT, including decreases of 400 MT), Hong Kong (1,200 MT, including decreases of 100 MT), Mexico (1,000 MT, including decreases of 100 MT), and Taiwan (900 MT, including decreases of 100 MT).
Weekly Export Details
Exports of 11,500 MT were up 4 percent from the previous week, but down 6 percent from the prior 4-week average. The destinations were primarily to South Korea (3,600 MT), Japan (3,500 MT), Taiwan (1,200 MT), Mexico (1,000 MT), and Canada (800 MT).
Comments and Performance Indicators
USDA projects 2025 exports will fall 10.8% from a year ago.
Pork
Actual Sales (in MT)
2025: 42,400
Weekly Sales Details
Net sales of 42,400 MT for 2025 were up noticeably from the previous week and up 53 percent from the prior 4-week average. Increases primarily for Mexico (26,700 MT, including decreases of 400 MT), Colombia (3,400 MT, including decreases of 100 MT), Japan (2,500 MT, including decreases of 200 MT), the Dominican Republic (1,400 MT), and Guatemala (1,400 MT), were offset by reductions for Cuba (100 MT).
Weekly Export Details
Exports of 25,600 MT were down 10 percent from the previous week and 7 percent from the prior 4- week average. The destinations were primarily to Mexico (12,600 MT), Japan (2,900 MT), South Korea (2,400 MT), China (2,300 MT), and Canada (1,000 MT).
Comments and Performance Indicators
USDA projects exports in 2025 will fall 2.0% from last year.