The figures comfortably exceeded the 200,000 to 500,000-ton range anticipated by analysts surveyed by The Wall Street Journal, jumping from just 239,600 tons the previous week. Beyond the primary shipment, exporters secured an additional 22,000 tons for the 2027/28 season destined for Peru.
In section Market Quotes
U.S. Wheat Exports Surge to Marketing-Year Peak
U.S. wheat export sales surged to 849,800 metric tons for the week ending October 22, marking the highest volume of the 2026/27 marketing year. This sharp increase, driven largely by demand from the Philippines, significantly outperformed market expectations and provided a rare bright spot in the latest USDA export report.
While wheat saw a banner week, other major agricultural commodities experienced a cooling period. Corn exports dipped 15% to 1.3 million tons, landing squarely within analyst projections. Soybean sales also declined, falling 9% to 2.58 million tons, with China remaining the primary buyer. Corn demand remained concentrated among unknown destinations and Mexico, rounding out a mixed performance for American agricultural exports.
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