By Kirk Maltais
Export of U.S. wheat for the week ended Dec. 12 landed on the high-end of estimates from analysts surveyed by The Wall Street Journal this week, while corn and soybeans sagged versus previous weeks.
In its latest weekly report, the Department of Agriculture said U.S. wheat export sales totaled 457,900 metric tons for the 2024/25 marketing year. That's up 58% from the previous week, and up 16% from the average of the prior four weeks. Analysts surveyed this week forecast sales to land between 240,000 tons and 550,000 tons.
Corn sales totaled 1.18 million tons across 2024/25 and 2025/26, and soybeans sales totaled 1.42 million tons for 2024/25. Both of these totals landed within analyst estimates for the week.
The Philippines were the leading buyer of U.S. wheat for the week, while Mexico was the top buyer of corn and China was the leading buyer of soybeans.
CBOT grain futures are mixed in pre-market trading - with soybeans up 0.5%, wheat down 1.2%, and corn unchanged.
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
12-19-24 0921ET