US Wheat Export Sales Plunge to Marketing Year Low Amid High Prices

US wheat export sales have hit their marketing year low due to high prices compared to competing exporters. The USDA reported that for the week ending September 3rd, only a handful of routine sales were made to regular buyers against a couple of cancelations. This marks a significant decline in demand for US wheat, with exports down 38% from the previous week and 43% from the four-week average.

The Philippines purchased 88,400 tons and Ecuador bought 30,000 tons of wheat during this period. Early in the second quarter of the 2026/27 marketing year, wheat exports are already lagging behind last year's pace, with only 322.4 million bushels sold compared to 467.5 million in 2025/26.

Other grains fared better, however. New crop corn sales reached 1,928,700 tons (75.9 million bushels), with Mexico picking up 861,100 tons and Japan purchasing 294,300 tons. Soybean sales were also solid, with China buying 1,222,000 tons of the 2,637,300 tons sold.