# Export demand surging for US corn, soybean oil | Baking Business

> US corn and soybean oil export demand has surged, with corn sales pacing at triple the five-year average. USDA raised 2024/25 corn exports to 2.475 billion bushels, the highest since 2020/21, and Mexico is front-loading imports. The December WASDE also raised the soybean oil export forecast.

- Date: 2024-12-11 · published 2024-12-11T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/26904-export-demand-surging-for-us-corn-soybean-oil-baking-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong export pace draws down US corn stocks and supports corn prices, while higher soybean oil export demand tightens that supply and supports oil prices. Feed buyers should expect firm corn prices while the export pace continues.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-16 | [Soy, corn higher on improving export demand for U.S. supplies \| Financial Post](https://feedsoft.ai/events/52159-soy-corn-higher-on-improving-export-demand-for-u-s-supplies-financial-post.md) | +0.8% | -0.4% |
| CORN | 2020-07-16 | [Higher Chinese feed demand boosts US corn and soybean exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/52129-higher-chinese-feed-demand-boosts-us-corn-and-soybean-exports-agweek-1-source.md) | +0.8% | -0.4% |
| CORN | 2017-03-24 | [USDA exports – Corn, soybean, wheat sales up for the week](https://feedsoft.ai/events/71846-usda-exports-corn-soybean-wheat-sales-up-for-the-week.md) | +0.4% | -0.1% |
| CORN | 2026-02-20 | [Corn and Barley Prices Climb on Export Surge and Demand - Agrolatam](https://feedsoft.ai/events/20660-corn-and-barley-prices-climb-on-export-surge-and-demand-agrolatam.md) | +1.4% | +8.9% |
| CORN | 2024-10-28 | [Global Corn Dynamics: Surging US Export Demand, Smaller Supplies And A China Wildcard](https://feedsoft.ai/events/27875-global-corn-dynamics-surging-us-export-demand-smaller-supplies-and-a-china.md) | -0.3% | +0.9% |
| SBO | 2026-09-09 | [Biofuel demand drives higher US soybean oil imports](https://feedsoft.ai/events/17545-biofuel-demand-drives-higher-us-soybean-oil-imports.md) | +0.2% | -0.3% |
| SBO | 2022-01-12 | [Soybean oil demand expected to erupt – AgriNews](https://feedsoft.ai/events/15425-soybean-oil-demand-expected-to-erupt-agrinews.md) | -0.8% | +4.6% |
| SBO | 2017-10-19 | [U.S. grains: Soy, wheat, corn firm on export demand - AgCanada](https://feedsoft.ai/events/68544-u-s-grains-soy-wheat-corn-firm-on-export-demand-agcanada.md) | +2.5% | +4.0% |

## Sources

- bakingbusiness.com: https://www.bakingbusiness.com/articles/62890-export-demand-surging-for-us-corn-soybean-oil

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.