Corn and Soybean Exports Strong Despite Lagging Sorghum and Wheat

The USDA reported that corn and soybean export inspections for the week ending October 1st, 2026, remained strong, surpassing the necessary levels to meet current marketing year projections. Corn exports, totaling 1,367,685 tons, were primarily destined for Mexico and Japan. Despite being down from the previous week and a year ago, the cumulative inspections for the 2026/27 marketing year stood at 7,110,012 tons, slightly higher than last year.

Soybean exports also showed resilience, with 1,138,416 tons inspected, marking a notable increase compared to the same period last year. The leading destinations for soybeans were China and Algeria. For the 2026/27 marketing year to date, soybean inspections reached 3,986,506 tons, significantly higher than the 3,046,276 tons recorded a year ago.

In contrast, sorghum and wheat inspections lagged behind last year's figures due to weaker global demand. Wheat exports amounted to 302,356 tons, with the Philippines and Bangladesh as the main recipients. The cumulative inspections for the 2026/27 marketing year were 6,671,688 tons, down from 10,264,408 tons in the previous year. Sorghum exports totaled 3,664 tons, an increase from the previous week but a decrease from the same period last year.

The USDA’s supply and demand update is scheduled for release on Friday at Noon Eastern/11 Central. The 2026/27 marketing year began on June 1st for wheat and September 1st for beans, corn, and sorghum.