By Kirk Maltais
Export sales of U.S. corn remain strong this week, while sales of both soybeans and wheat landed on the low end of projections.
In its latest weekly report, the Department of Agriculture said that for the week ended Feb. 26, export sales of U.S. corn totaled 2.18 million metric tons across the 2025/26 and 2026/27 marketing years. Soybean sales totaled 383,500 tons, and wheat sales were 258,100 tons.
For corn, this week's total beat the forecasts from analysts surveyed by The Wall Street Journal, who projected sales to land anywhere from 700,000 tons to 1.6 million tons. Soybeans and wheat were both on the low end of expectations, with analysts expecting soybeans to land between 300,000 tons and 1 million tons, with wheat between 250,000 tons to 500,000 tons.
China was the lead buyer of soybeans for the week, totaling 133,600 tons - the majority of which were switched from the "unknown destinations" moniker. Mexico was the top wheat buyer, and South Korea was the leading corn purchaser.
Grain traders may see this week's corn figures as supportive for futures in today's trading, with Doug Bergman, head of the agricultural desk at RCM Alternatives, calling corn sales "stellar" in a note after the report's release. Wheat and soybean sales were deemed "disappointing" by Bergman.
CBOT grain futures are higher in pre-market trade, with most-active corn futures up 0.6%, soybeans up 0.1%, and wheat rising 0.9%.
To see related data, search "U.S. Export Sales: Weekly Sales Totals" in Dow Jones NewsPlus.
Write to Kirk Maltais at kirk.maltais@wsj.com
(END) Dow Jones Newswires
03-05-26 0908ET
