U.S. Soybean Exports Surge as China Leads Market Demand

A sharp spike in U.S. soybean demand pushed weekly export sales to 2.84 million metric tons for the 2026/27 marketing year, a nearly fivefold increase from the prior week. The surge, fueled primarily by heavy procurement from China, highlights a robust recovery in global appetite for American oilseeds.

October 22, 2026, 04:48 PM 459 0

The Department of Agriculture reported that soybean sales comfortably hit the upper end of analyst expectations, which had ranged from 1.1 million to 3 million tons. China secured its position as the leading buyer, accounting for 2.18 million tons of the total volume.

Corn exports mirrored this upward trend, climbing 36% to 1.53 million tons, surpassing market forecasts. Mexico emerged as the primary destination for this corn, receiving 477,700 tons. In contrast, wheat performance faltered, dropping 25% to 239,600 tons—a figure that fell short of the 250,000 to 550,000 ton range anticipated by analysts. Mexico also served as the lead buyer for wheat, taking 98,000 tons.

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