U.S. Wheat Sales Beat Forecasts Despite Weekly Decline

Sales for the 2026/27 marketing year were 16% above the previous four-week average. Analysts surveyed by The Wall Street Journal had expected between 300,000 and 500,000 tons. A further 19,200 tons of wheat sales were reported for 2027/28.

Corn sales reached 1.29 million tons, down 1% from the prior week but 10% above the four-week average. That figure was at the top end of analysts’ forecasts, which ranged from 800,000 to 1.4 million tons.

Soybean sales fell 44% week over week to 1.46 million tons, 11% below the previous four-week average. Analysts’ estimates ranged from 950,000 to 2.2 million tons. The Philippines and South Korea were the leading destinations for wheat, Mexico was the top buyer of corn, and China was the main buyer of soybeans.