Wheat
U.S. Wheat Exports in 2024
Total Export Value
$5.83 Billion
Total Volume (Millions)
21.46 Metric Tons
3-Year Average
$6.74 Billion
Compound Average Growth
0.36% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| Mexico | $1.05 Billion |
| Philippines | $735.71 Million |
| Japan | $582.76 Million |
| China | $482.26 Million |
| South Korea | $480.2 Million |
| Taiwan | $324.97 Million |
| European Union | $209.42 Million |
| Thailand | $197.93 Million |
| Indonesia | $148.51 Million |
| Nigeria | $147.97 Million |
Data and Analysis
Argentine wheat exports in marketing year (MY) 2025/26 are forecast up at 14.5 million tons, as production is expected to be record, with exceptionally high yields.
This report contains final export estimates for corn for marketing year (MY) 2024/25. While the MY2025/26 corn harvest is still underway, preliminary yield estimates suggest a larger crop compared to the previous MY, which will translate into higher exports.
Kazakhstan’s MY 2025/26 wheat production is forecast to contract from the prior year’s record, mainly because farmers switched to growing more profitable oilseeds, especially sunflowers.
News and Features
Private exporters reported the following sales activity for MY 2025/2026: 132,000 MT of white wheat for delivery to China and 462,000 MT of soybeans for delivery to China.
Private exporters reported sales activity to Colombia, Nigeria, South Korea, and unknown destinations in MY 2025/2026.
Private exporters reported the following sales activity for MY 2024/2025: 130,000 MT of white wheat for delivery to South Korea and 20,000 MT of soybean oil for delivery to unknown destinations.