Corn exports drop 37 percent

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article


The USDA's latest U.S. Export Sales report showed that corn exports of 686,000 MT were down 37 percent from last week and 21 percent from the 4-week average.  The primary destinations were to Mexico (185,200 MT), Japan (127,800 MT), Venezuela (79,000 MT), South Korea (72,600 MT), China (65,000 MT), and Cuba (54,800 MT).

Corn net sales of 1,005,900 MT for the 2011/2012 marketing year resulted as increases for Mexico (415,300 MT), Egypt (240,000 MT), Japan (109,700 MT, including 30,100 MT switched from unknown destinations and decreases of 9,400 MT), Taiwan (100,000 MT), Cuba (54,800 MT, including 25,000 MT switched from unknown destinations), and South Korea (49,500 MT), were partially offset by decreases for unknown destinations (21,100 MT), Trinidad (4,900 MT), and the French West Indies (3,400 MT).  Net sales of 61,500 MT for delivery in the 2012/2013 marketing year were reported for Mexico.  

Corn futures closed lower on Wednesday as technical selling and long liquidation weighed on the market. On Thursday futures opened 1 to 2 cents lower. 

REPORT THIS WEEK LAST WEEK DIFFERENCE
  Sales 1,005,851 694,106 311,745
 
SALES 10 WEEKS 27 WEEKS THIS YEAR
Average 648,939 767,077 775,244
High 1,005,851 3,616,287 1,005,851
Low 299,464 208,948 321,466
 
 
Chart

Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...

Related Articles

No matching related articles at this time.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


SST Imagery Services

In conjunction with third-party imagery partners, SST Summit Professional users will soon be able to order imagery products on-demand. SST ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form