◂ Event Timeline

Dec 4, 2023REPORTUS

Export Sales to China, Mexico, and Philippines

USDA reported private export sales of 440,000 tonnes of soft red winter wheat to China, 267,044 tonnes of corn to Mexico, and 183,000 tonnes of soybean meal to the Philippines, all for the 2023/24 marketing year. The sales are routine weekly disclosures of new US export commitments.

WHY IT MATTERS

New US export commitments to major buyers support domestic wheat, corn and meal prices by drawing on available supply.

AFFECTSWheat (SRW)▲Corn▲Soybean Meal▲

SOURCE
fas.usda.govDec 4, 2023

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d -0.0%5d +0.5%20d -0.5%

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

Sep 24, 2024Mexico: Grain and Feed Update | USDA Foreign Agricultural Service+0.3%
Jun 19, 2024Mexico: Grain and Feed Update | USDA Foreign Agricultural Service-7.7%
Jan 26, 2026FAS - Foreign Agricultural Service (via Public) / Mexico: Grain and Feed Update+2.3%
Aug 13, 2024Ukraine: Grain and Feed Quarterly | USDA Foreign Agricultural Service-6.7%
Jan 23, 2024Australia: Grain and Feed Update | USDA Foreign Agricultural Service-0.1%

Corn▲bullishSO FAR1d +1.0%5d +1.7%20d +3.1%

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

Dec 8, 2021Export Sales to China and Mexico | USDA Foreign Agricultural Service-0.3%
Aug 28, 2024Export Sales to China, Colombia, and Mexico | USDA Foreign Agricultural Service+4.4%
Mar 14, 2022Export Sales to Mexico | USDA Foreign Agricultural Service+1.1%
Apr 15, 2024Export Sales to Mexico | USDA Foreign Agricultural Service-0.2%
Apr 25, 2025Export Sales to Mexico | USDA Foreign Agricultural Service-2.1%

Soybean Meal▲bullishSO FAR1d -1.6%5d -1.3%20d -7.5%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

Jan 6, 2023Record U.S. FY 2022 Agricultural Exports to China | USDA Foreign Agricultural Service+4.0%
Mar 19, 2026China: Oilseeds and Products Annual | USDA Foreign Agricultural Service+0.4%
Sep 5, 2024China: Oilseeds and Products Update | USDA Foreign Agricultural Service-2.4%
Nov 21, 2025Argentina: Oilseeds and Products Update | USDA Foreign Agricultural Service-0.8%
Feb 23, 2026USDA report addresses China’s what ifs – AgriNews+3.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Wheat (SRW) WHEAT · GP ▸

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Corn CORN · GP ▸

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