Corn
US corn sales for 2023/24 were reported at a marketing-year low of 119,100 tonnes in the week to August 15, down by 1% from the previous week and by 57% from the prior four-week average, landing within the USDA’s expected range of 100,000-300,000 tonnes, USDA data showed on Thursday August 22.
Much of the increase came from Japan (110,900 tonnes), South Korea (62,000 tonnes), Venezuela (31,600 tonnes), Mexico (22,600 tonnes) and El Salvador (21,400 tonnes). These gains were partly offset by reductions for unknown destinations (141,900 tonnes). The USDA groups undisclosed destinations under the umbrella term “unknown.”
Export sales for the 2024/25 crop season were 1.29 million tonnes, above the USDA’s projections of 500,000-1.025 million tonnes. Net sales were recorded for Mexico (873,400 tonnes), Guatemala (135,500 tonnes), Japan (93,000 tonnes), unknown destinations (89,300 tonnes) and Colombia (65,500 tonnes).
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