By In a recent report, the Department of Agriculture revealed that export sales of U.S. corn for the week ended December 21 have surpassed the expectations of analysts surveyed by The Wall Street Journal.
For the marketing years 2023/24 and 2024/25, a total of 1.25 million metric tons of corn were sold. This represents an increase from the 1.01 million tons reported in the previous week. Notable buyers during this period were Mexico, Colombia, and Japan.
The surveyed analysts had predicted that corn export sales would range from 600,000 tons to 1.4 million tons.
On the other hand, sales of wheat and soybeans declined from the previous week and landed on the lower side of analysts’ expectations. Wheat sales amounted to 318,000 tons for the years 2023/24 and 2024/25, while soybean sales reached 983,900 tons for 2023/24, with no sales reported for 2024/25.
In pre-market trading, CBOT grains saw a slight decline, with corn down 0.2%, soybeans down 0.2%, and wheat down 0.1%.
For more detailed data, you can refer to the “U.S. Export Sales: Weekly Sales Totals” in Dow Jones NewsPlus.
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