Corn sales reached 967,500 metric tons for the 2025/26 and 2026/27 marketing years, falling just beneath the low end of analyst estimates. Wheat and soybean movements were similarly sluggish, clocking in at 313,100 tons and 462,600 tons respectively. These figures place significant pressure on the market as participants recalibrate their portfolios.
In section Market Quotes
US Grain Export Sales Stumble Ahead of WASDE Report
Grain export figures for the week ending July 2 hit the bottom of market expectations, with corn, wheat, and soybean sales all trailing forecasts. The data, released Thursday by the Department of Agriculture, arrived as traders shed positions in anticipation of the upcoming World Agricultural Supply and Demand Estimates report.
CBOT grain futures retreated in pre-market trading following the release. Analysts at the Hightower Report pointed to widespread profit-taking as the primary driver for the decline. Currently, the most-active corn contracts have dropped 1%, while soybeans and wheat have retreated 0.6% and 0.2% respectively. Investors remain sidelined until the USDA provides a clearer view of supply and demand dynamics tomorrow.
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