Agriculture Sector Showing Slight Advancements After Foreign Trade Activities
In the latest update on U.S. corn export sales, the week ending July 17 saw a significant drop, reaching a marketing-year low. Net corn sales for the 2024/25 marketing year were 97,600 metric tons, a decrease of 92% from the previous week and 89% below the prior four-week average[1].
However, the same week saw promising signs for the upcoming 2025/26 marketing year, with 565,900 metric tons of corn sold, indicating a shift towards securing longer-term supplies[1].
The following week, ending July 24, saw a rebound in corn export sales, with net sales of 643,100 metric tons for the 2024/2025 marketing year, although this was still down 2% from the prior four-week average[3]. The increase in sales was driven by purchases from Mexico, among other destinations[3].
Here is a summary of the data:
| Week Ending | Net Sales (MT) for 2024/25 | Change from Previous Week | Change from 4-Week Average | |--------------------|-------------------------------|--------------------------------|--------------------------------| | July 10 | 97,600 | Down 92% | Down 89% | | July 17 | N/A (Reported for previous week) | N/A | N/A | | July 24 | 643,100 | Up noticeably from previous week | Down 2% |
For the 2024-2025 marketing year, overall forecasts suggest record levels, with exports expected to reach 2.75 billion bushels, exceeding the previous year's estimate by nearly 500 million bushels[2]. This surge in exports is partly due to increased shipments to countries like South Korea, Mexico, and Spain[2].
It's important to note that all information provided is for informational purposes only. As of the publication date, Austin Schroeder did not hold positions in any of the mentioned securities.
In terms of pricing, the New Crop Cash Corn price is currently at $3.76 1/2, an increase of 1 1/4 cents. Nearby Cash is at $3.85 1/2, an increase of 3/4 cent. Mar 26 Corn is at $4.36, an increase of 1 1/4 cents.
References: [1] USDA, Foreign Agricultural Service, "Weekly Export Sales Report", July 23, 2025. [2] USDA, Economic Research Service, "Corn Outlook", July 20, 2025. [3] USDA, Foreign Agricultural Service, "Weekly Export Sales Report", July 30, 2025.
Investors looking at the corn market may find interesting opportunities for the 2025/26 marketing year, as net sales reached a significant increase during the week ending July 24, indicating a shift towards securing longer-term supplies. For the 2024-2025 marketing year, the finance sector should keep an eye on the record-breaking forecasts for corn exports, with exports expected to exceed the previous year's estimate by nearly 500 million bushels.
