In section Market Quotes
U.S. corn export sales climbed to 2.88 million metric tons in the week ended Nov. 5, their highest level of the 2026/27 marketing year, the Department of Agriculture said Friday. Mexico accounted for around 2 million tons, while soybean sales declined and wheat sales hit a marketing-year low.
An additional 594,400 tons of corn for delivery to Mexico were sold for the 2027/28 marketing year. Analysts surveyed by The Wall Street Journal had expected corn sales across marketing years to range from 1 million to 3.6 million tons.
The USDA cut its forecast for U.S. corn exports in 2026/27 by 25 million bushels in its November World Agricultural Supply and Demand Estimates report, released Tuesday. The forecast now stands at 3.275 billion bushels, or 83.19 million tons.
Soybean sales for 2026/27 totaled 1.15 million tons, down 21% from the previous week, with China the main buyer. Another 11,200 tons were sold for 2027/28 to unknown destinations and Japan. Survey estimates for soybean sales ranged from 800,000 to 2 million tons.
Wheat sales fell 66% from the week before to 182,800 tons, below analyst estimates of 350,000 to 650,000 tons. Mexico and Japan were the principal buyers.
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