Home > News > Soybean Export Sales Stall While Corn, Wheat Sales Continue

The global grain export market is the primary driver of domestic corn, soybean and wheat prices in the U.S. right now. In a recent grain export outlook report, USDA Economic Research Service (ERS) economists said sales overseas will surge to $152 billion in 2021, led by soybeans expected to grow by almost $6 billion to $26.3 billion, a new record. In the last three weeks, however, soybean export sales have dried up while offshore corn and wheat movement continues to keep the general export sales pace above year-ago levels. That sent soybean and wheat futures lower in overnight trading preceding Monday’s session while corn was slightly higher. Mexico, Colombia, China and Japan remain large buyers of U.S. grain on the export market. See more on grain prices heading into Monday’s trade.

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