Sales of U.S. Grains Decline, Falling Short of Analyst Expectations

In the latest report by the Department of Agriculture, export sales of U.S. grains saw a significant decline compared to the previous week’s strong numbers.

According to the weekly export sales report released by the USDA on Thursday, sales of wheat totaled 275,600 metric tons, corn sales amounted to 760,800 tons, and soybean sales reached 1.01 million tons. These figures encompass both the 2023/24 and 2024/25 marketing years.

While wheat sales fell below the estimates provided by analysts surveyed by The Wall Street Journal, who had predicted sales between 300,000 and 600,000 metric tons, corn and soybeans also fell on the lower end of analyst expectations.

Sorghum Sales Reach Record High, Led by Chinese Demand

In contrast, sorghum sales have surged to a marketing-year high at 379,500 tons, with China accounting for the purchase of 311,500 tons. China also emerged as the leading buyer of U.S. soybeans.

Mixed Market Performance for Grain Futures

In pre-market trading on Thursday, grain futures on the CBOT (Chicago Board of Trade) exhibited mixed performance. The most-active corn futures experienced a slight decrease of 0.3%, whereas soybeans saw a modest increase of 0.6%. Wheat, on the other hand, witnessed a decline of 0.5%.

For more detailed information, search for “U.S. Export Sales: Weekly Sales Totals” in Dow Jones NewsPlus.

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