WMR-U.S. Wheat Export Sales Start Strong

By: Jim Peterson

Posted: June 16, 2025

The start to the 2025 marketing year on June 1 has been positive for U.S. wheat export sales. Total sales are at 195 million bushels, up nearly 20% from last year’s 165 mb at this time. USDA is actually projecting a 2.5% decline from last year, so the better than anticipated start has been a positive for the market.

Sales of hard red winter have been especially strong, more than double last years pace at 73 million bushels. Soft red winter sales have also been strong, up 44% to 36 million bushels. Hard red spring sales have been slower than a year ago, down 7% to 51 million bushels. Soft white wheat and durum are also slower. U.S. wheat prices are very competitive on the world market in nearby slots, due to a weaker trending dollar, the start of the winter wheat harvest, and some uncertainty with the Russian crop. These dynamics will continue to shift going forward, as the EU is expected to become a larger exporter into the African and Middle East region this year.

Sales into parts of Africa, and the Latin American region are where the strongest early season gains are being made. This is being driven by hard red and soft red winter sales. In the North Asia region, sales have been slower, and are actually down from last year in key markets. Many of these markets are strong buyers of both hard red spring and soft white, and hopefully a stronger buying pace ensues as buyers get a better perspective on the 2025 crop.