Corn Export Sales Lead Weekly Report as Soybeans Slow, Cotton Stays Strong

Corn and cotton gave the strongest signals this week, while soybean demand remained softer than in the previous report.

WASHINGTON, D..C. (RFD NEWS) — Corn led the latest weekly export sales report, while soybean sales softened and cotton shipments stayed active. USDA said buyers booked about 62.9 million bushels of old-crop corn during the week ending April 23, up 21 percent from the previous week, while corn exports reached 63.4 million bushels.

Soybean sales came in lower. Old-crop soybean bookings totaled about 9.5 million bushels, down 29 percent from the previous week, while exports reached 22.4 million bushels. Wheat sales improved to 8.3 million bushels for the current marketing year, with another 5.8 million bushels booked for 2026-27. Wheat exports totaled 15.1 million bushels.

Sorghum remained a China-centered story. Sales were about 500,000 bushels, but exports were much stronger at 7.5 million bushels. Rice sales totaled 39,000 metric tons, with exports at 83,600 metric tons.

Cotton also posted solid movement. Upland cotton sales reached 162,900 bales for 2025-26, with another 105,700 bales sold for 2026-27. Exports totaled 384,600 bales, led by Vietnam, Pakistan, Turkey, India, and Bangladesh.

Soybean meal was one of the stronger product categories. Sales reached 294,900 metric tons, and exports totaled 387,200 metric tons, while pork sales rose to 46,300 metric tons and beef sales to 13,800 metric tons.

Farm-Level Takeaway: Corn and cotton gave the strongest signal this week, while soybean demand stayed softer than the previous report.
Tony St. James, RFD News Markets Specialist
Related Stories
A new study found that retaining the EPA’s half-RIN credit protects soybean demand, farm income, and crushing-sector strength while preserving biofuel market flexibility.
The U.S. has a bountiful corn supply, but markets are waiting for the January WASDE Report, which will include updated yield estimates.
“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.
Ethanol output softened, but underlying supply-and-demand trends indicate stable longer-term use despite short-term volatility in blending and exports.
Stronger sorghum genetics could enhance the resilience of bioenergy crops and broaden production options for growers in harsher climates.
Canadian tariffs would raise costs for potash, ammonia, and UAN, increasing spring fertilizer risk.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Protein-driven dairy growth is boosting beef supply potential, creating an opening to support rural jobs and ground beef availability.
U.S. agriculture entered the week with mixed signals as weather, logistics, and markets shaped early-year decisions. Here is a regional breakdown of domestic crop and livestock production for the week of Monday, Jan. 19, 2026.
While short-term volatility remains a risk, softer ocean freight rates in 2026 could improve export margins.
Trade volatility and shifting export destinations increase marketing risk for producers heading into 2026.
Rising rural business confidence supports local ag economies, but taxes and labor shortages remain key constraints.
The proposal signals a renewed push to offset tariff-driven losses, stabilize nutrition programs, and broaden eligibility for farm aid, though its path forward will depend on congressional negotiations.