Weekly wheat sales soar past expectations

July 24, 2025

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Weekly Export Sales Report
(Chip Flory)

USDA Weekly Export Sales Report

Week Ended July 17, 2025

Corn
Actual Sales (in MT)
2024-25: 643,100
Expectations (in MT)
2024-25: 750,000-1,500,000
Actual Sales (in MT)
2025-26: 733,900
Expectations (in MT)
2025-26: 400,000-800,000
Weekly Sales Details
Net sales of 643,100 MT for 2024/2025 were up noticeably from the previous week, but down 2 percent from the prior 4-week average. Increases primarily for Mexico (346,200 MT, including decreases of 2,600 MT), Japan (72,400 MT, including 62,000 MT switched from unknown destinations and decreases of 100 MT), Colombia (55,400 MT, including 35,000 MT switched from unknown destinations and decreases of 11,500 MT), unknown destinations (49,200 MT), and Panama (36,300 MT), were offset by reductions for the United Kingdom (44,000 MT), Nicaragua (8,000 MT), and Guatemala (1,000 MT). Net sales of 733,900 MT for 2025/2026 were primarily for unknown destinations (349,700 MT), Japan (171,800 MT), Colombia (83,000 MT), the United Kingdom (44,000 MT), and Mexico (43,900 MT).
Weekly Export Details
Exports of 1,058,600 MT were down 13 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to Mexico (410,200 MT), South Korea (204,300 MT), Colombia (193,600 MT), Taiwan (80,800 MT), and Venezuela (57,800 MT).
Comments and Performance Indicators
Export commitments are 27.4% ahead of a year-ago. USDA projects exports in 2024-25 at 2.750 billion bu., 22.0% above the previous marketing year.
Wheat
Actual Sales (in MT)
2025-26: 712,200
Expectations (in MT)
2025-26: 250,000-550,000
Weekly Sales Details
Net sales of 712,200 metric tons (MT) for 2025/2026 were up 44 percent from the previous week and 50 percent from the prior 4-week average. Increases primarily for Indonesia (117,200 MT), Taiwan (92,100 MT), Mexico (86,500 MT, including decreases of 25,400 MT), the Philippines (80,200 MT), and South Korea (60,000 MT), were offset by reductions for unknown destinations (88,300 MT).
Weekly Export Details
Exports of 761,000 MT were up 76 percent from the previous week and 80 percent from the prior 4-week average. The destinations were primarily to Nigeria (165,800 MT), Mexico (148,000 MT), Indonesia (72,200 MT), Taiwan (53,700 MT), and Chile (51,900 MT).
Comments and Performance Indicators
Export commitments are 11.7% ahead of year-ago. USDA projects exports in 2025-26 exports are projected at 825 million bu., up 16.9% from last year.
Soybeans
Actual Sales (in MT)
2024-25: 160,900
Expectations (in MT)
2024-25: 100,000-350,000
Actual Sales (in MT)
2025-26: 238,800
Expectations (in MT)
2025-26: 250,000-500,000
Weekly Sales Details
Net sales of 160,900 MT for 2024/2025 were down 41 percent from the previous week and 59 percent from the prior 4-week average. Increases primarily for the Netherlands (116,800 MT, including 125,000 MT switched from unknown destinations and decreases of 8,200 MT), Mexico (67,900 MT, including decreases of 1,200 MT), Egypt (57,800 MT, including 55,000 MT switched from unknown destinations), Algeria (40,000 MT), and Taiwan (17,200 MT, including decreases of 200 MT), were offset by reductions for unknown destinations (180,000 MT). Net sales of 238,800 MT for 2025/2026 were primarily for unknown destinations (120,000 MT), Mexico (62,600 MT), Japan (31,000 MT), Vietnam (14,900 MT), and Indonesia (7,800 MT).
Weekly Export Details
Exports of 360,700 MT were up 31 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to the Netherlands (116,800 MT), Mexico (85,500 MT), Egypt (57,800 MT), Japan (23,600 MT), and Indonesia (22,100 MT).
Comments and Performance Indicators
Export commitments are running 12.6% ahead of a year-ago. USDA projects exports in 2024-25 at 1.865 billion bu., up 7.7% from the previous marketing year.
Soymeal
Actual Sales (in MT)
2024-25: 182,600
Expectations
2024-25: 150,000-300,000
Actual Sales (in MT)
2025-26: 91,900
Expectations
2025-26:100,000-250,000
Weekly Sales Details
Net sales of 182,600 MT for 2024/2025 were down 49 percent from the previous week and 24 percent from the prior 4-week average. Increases primarily for Vietnam (52,900 MT, including 48,000 MT switched from unknown destinations and decreases of 200 MT), Colombia (52,300 MT, including decreases of 400 MT), Japan (37,800 MT), the United Kingdom (31,400 MT, including 30,000 MT switched from unknown destinations), and Jamaica (19,300 MT, including decreases of 400 MT), were offset by reductions for unknown destinations (68,500 MT), Venezuela (2,300 MT), Sri Lanka (1,400 MT), and Belgium (200 MT). Net sales of 91,900 MT for 2025/2026 were reported for unknown destinations (38,100 MT), Japan (30,000 MT), Colombia (16,000 MT), Mexico (4,900 MT), and Canada (2,900 MT).
Weekly Export Details
Exports of 317,100 MT were down 8 percent from the previous week, but up 10 percent from the prior 4-week average. The destinations were primarily to the Philippines (102,300 MT), Colombia (39,000 MT), the United Kingdom (31,400 MT), Morocco (27,500 MT), and Canada (27,100 MT).
Comments and Performance Indicators
Export commitments are 15.2% ahead of a year-ago. USDA projects exports in 2024-25 will increase 9.7% from the previous marketing year in 2023-24.
Soyoil
Actual Sales (in MT)
2024-25: (600)
Expectations (in MT)
2024-25: 0-15,000
Actual Sales (in MT)
2025-26: 2,000
Expectations (in MT)
2025-26: 0-5,000
Weekly Sales Details
Net sales reductions of 600 MT for 2024/2025 were down noticeably from the previous week and from the prior 4-week average. Increases reported for Canada (800 MT), were more than offset by reductions for Mexico (1,500 MT). Total net sales of 2,000 MT for 2025/2026 were for Mexico.
Weekly Export Details
Exports of 3,500 MT were down 22 percent from the previous week and 33 percent from the prior 4-week average. The destinations were primarily to Mexico (2,100 MT) and Canada (1,300 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: (32,700)
Weekly Sales Details
Net sales reductions of Upland totaling 32,700 RB for 2024/2025 were down noticeably from the previous week and from the prior 4-week average. Increases reported for Vietnam (4,600 RB, including 1,700 RB switched from South Korea and decreases of 4,900 RB), Honduras (200 RB), Nicaragua (200 RB), Thailand (100 RB, including decreases of 200 RB), and Taiwan (100 RB), were more than offset by reductions primarily for Turkey (13,500 RB), Pakistan (9,300 RB), South Korea (7,000 RB), Indonesia (3,300 RB), and Mexico (2,900 RB). Net sales of 132,600 RB for 2025/2026 primarily for Vietnam (42,800 RB), Pakistan (20,400 RB), Guatemala (19,700 RB), Thailand (16,400 RB), and Turkey (16,400 RB), were offset by reductions for Mexico (1,200 RB), Japan (300 RB), Nicaragua (200 RB), and Honduras (200 RB).
Weekly Export Details
Exports of 184,800 RB were up 18 percent from the previous week, but down 12 percent from the prior 4-week average. The destinations were primarily to Vietnam (46,700 RB), Pakistan (28,500 RB), Turkey (22,000 RB), India (21,600 RB), and Bangladesh (18,400 RB). Net sales of Pima totaling 5,500 RB for 2024/2025 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for Costa Rica (1,700 RB), China (1,400 RB), Pakistan (900 RB), India (800 RB), and Thailand (400 RB). Net sales of 17,400 RB for 2025/2026 were reported for Vietnam (13,100 RB), India (2,500 RB), Peru (1,000 RB), China (400 RB), and Bangladesh (300 RB). Exports of 5,000 RB were down 37 percent from the previous week and 55 percent from the prior 4-week average. The destinations were primarily to Peru (2,500 RB), India (1,600 RB), Thailand (300 RB), Indonesia (300 RB), and Guatemala (100 RB).
Comments and Performance Indicators
Upland cotton export commitments are running 13.0% behind a year ago. USDA forecasts total cotton exports will fall 0.4% from a year ago to 11.80 million bales in 2024-25.
Beef
Actual Sales (in MT)
2025: 16,700
Weekly Sales Details
Net sales of 16,700 MT for 2025 were up 90 percent from the previous week and 46 percent from the prior 4-week average. Increases were primarily for South Korea (9,000 MT, including decreases of 400 MT), Japan (2,400 MT, including decreases of 300 MT), Taiwan (1,500 MT, including decreases of 100 MT), Hong Kong (1,100 MT, including decreases of 300 MT), and Canada (1,000 MT, including decreases of 100 MT).
Weekly Export Details
Exports of 12,500 MT were up 22 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to Japan (3,600 MT), South Korea (3,500 MT), Mexico (1,400 MT), Taiwan (1,300 MT), and Canada (1,000 MT).
Comments and Performance Indicators
USDA projects 2025 exports will fall 9.3% from a year ago.
Pork
Actual Sales (in MT)
2025: 17,000
Weekly Sales Details
Net sales of 17,000 MT for 2025 were down 1 percent from the previous week and 43 percent from the prior 4-week average. Increases primarily for Mexico (7,200 MT, including decreases of 900 MT), Colombia (3,100 MT), Japan (2,200 MT, including decreases of 200 MT), Canada (1,900 MT, including decreases of 200 MT), and South Korea (1,000 MT, including decreases of 300 MT), were offset by reductions for China (400 MT).
Weekly Export Details
Exports of 27,600 MT were up 4 percent from the previous week, but down 13 percent from the prior 4-week average. The destinations were primarily to Mexico (11,800 MT), Japan (4,300 MT), China (2,800 MT), South Korea (2,200 MT), and Canada (1,500 MT).
Comments and Performance Indicators
USDA projects exports in 2025 will fall 2.1% from last year.