U.S. corn and wheat export sales fell below expectations

Export sales of U.S. corn and wheat fell below the expectations of analysts surveyed by The Wall Street Journal this week, with wheat setting a marketing-year low for the 2024/25 marketing year. In its latest weekly report issued Thursday, the Department of Agriculture said that for the week ended September 19, corn sales in 2024/25 totaled 535,100 metric tons. Wheat totaled 168,900 tons across 2024/25 and 2025/26 – with a marketing year low of 158,900 tons sold for 2024/25. Both totals fell below analyst estimates, with analysts forecasting wheat sales to land between 225,000 to 600,000 tons across both marketing years, and corn sales to fall between 600,000 tons to 1.3 million tons. Soybean sales landed close to the midpoint of analyst expectations, coming in at 1.57 million tons for 2024/25. China was the leading buyer of U.S. soybeans for the week, at 869,700 tons. Chile, the Philippines, and Japan were the leading buyers of U.S. wheat for the week, while Colombia and Mexico ...