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Grain Export Sales Reach Historic Highs in October
USAgNet - 11/25/2020

Unshipped export sales of corn, wheat, and soybeans reached 64 million metric tons for the week ending Oct. 29--a historical record, up 2% from last week and almost triple the same time last year.

The increase in export sales was driven mainly by increased exports of corn and soybeans to China.

Also, during the last four weeks, unshipped export sales averaged about 63 mmt, 160% above last year.

Total commitments of corn to China reached 10.8 mmt, compared to just 0.06 mmt last year and the 3-year average of 0.3 mmt.

Total soybean commitments reached 26.8 mmt, more than triple (7.1 mmt) the same time last year and 28% higher than the 3-year average.


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