Corn
US corn sales for 2024/25 were reported at 2.34 million tonnes in the week to October 24, down by 35% from the previous week but up by 7% from the prior four-week average, within the USDA’s expected range of 1.8 million-3.5 million tonnes, USDA data showed on Thursday October 31.
Much of the increase came from unknown destinations (771,300 tonnes), Mexico (596,000 tonnes), Japan (541,200 tonnes), Colombia (127,900 tonnes) and Guatemala (107,500 tonnes). The USDA groups undisclosed destinations under the umbrella term “unknown.”
These gains were partly offset by reductions for Panama (21,000 tonnes) and Ireland (200 tonnes).
The accumulated export commitments reached 161.5% of the USDA forecast.
Exports of 788,000 tonnes were down by 21% from the previous week and down by 16% from the prior four-week average.
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