Corn exports tumble 29 percent

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

According to the USDA's latest U.S. Export Sales report, corn exports of 669,600 MT were down 29 percent from the previous week and 11 percent from the 4-week average. The primary destinations were to Japan (184,800 MT), Mexico (143,400 MT), South Korea (89,700 MT, including late reporting of 57,700 MT), Venezuela (56,500 MT), Costa Rica (39,900 MT), and Canada (29,700 MT).

Corn net sales of 912,000 MT for the 2011/2012 marketing year resulted as increases for Mexico (442,200 MT, including 30,500 MT switched from unknown destinations and decreases of 10,000 MT), Japan (306,500 MT, including 39,000 MT switched from unknown destinations and decreases of 3,300 MT), Venezuela (84,000 MT), Cuba (52,500 MT), South Korea (30,300 MT, including 31,500 MT switched from unknown destinations and decreases of 5,600 MT), and Jamaica (14,900 MT), were partially offset by decreases for Nicaragua (23,000 MT), Guatemala (14,400 MT), El Salvador (11,000 MT), and Costa Rica (7,500 MT).  

Net sales of 63,000 MT for delivery in 2012/2013 marketing year were reported for China (50,000 MT) and Mexico (16,000 MT).  Decreases were reported for Japan (3,100 MT).

Corn futures closed higher on Wednesday as the market was supported by fund buying as the dollar index was solidly lower and equities were stronger. On Thursday futures opened 6 to 7 cents lower as the market turned lower overnight on profit-taking following recent gains and on technical selling after the March contract failed to push above $6.50.

  Sales 912,008 958,136 -46,128
Average 576,548 730,110 737,877
High 958,136 3,616,287 958,136
Low 280,551 208,948 321,466

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 

e-Mail (required)


characters left

Blend and Bulk Tower Systems

Waconia Towers provide speed, efficiency and reliability that only gravity-fed systems can offer. Towers are available with up to 300 ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form