Mexico Leads Corn Trade as China Buys Soybeans

Mexico remained the central buyer in the latest USDA export sales report, while China provided support for soybeans, sorghum, cotton, pork, and cattle hides.

WASHINGTON, D.C. (RFD News) — Mexico remained the central buyer in the latest USDA export sales report, while China provided support for soybeans, sorghum, cotton, pork, and cattle hides.

Old-crop corn sales totaled about 22.3 million bushels, down from the previous week. Mexico led purchases, followed by Japan and Colombia. New-crop corn sales added roughly 15.8 million bushels. Weekly corn exports totaled about 72.4 million bushels, with Mexico receiving nearly 22.4 million bushels.

Soybean sales were light for the current marketing year, at about 2 million bushels, but new-crop sales reached approximately 15 million bushels. China was the largest reported destination for soybeans, receiving about 9.9 million bushels in weekly exports. Wheat sales totaled roughly 11.5 million bushels, led by South Korea, Nigeria, and Mexico.

Upland cotton sales rose to 66,400 bales, with Vietnam, India, and Mexico leading. Beef sales totaled 14,000 metric tons, while pork sales fell to 17,700 tons. Mexico remained the largest buyer and destination for pork.

China also led in cattle hide sales and received nearly all of the weekly sorghum exports.

Farm-Level Takeaway: Mexico continues to anchor U.S. commodity demand, while China remains critical for soybeans and selected livestock products.
Tony St. James

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:

Heavy federal borrowing could make meaningful relief in farm operating, equipment, and land financing harder to achieve.
Wholesale beef values are strengthening as tighter supplies provide support for the cattle market.
Stronger processing and feed demand are supporting China’s soybean market, while Brazil remains the dominant supplier.
Stronger textile demand and tighter global supplies could provide additional support for cotton prices.
A federal court ruling and EPA review could bring clarity to manure-related air emissions reporting requirements.
Small businesses are showing more confidence in hiring and investment despite continued workforce challenges.