USDA: Corn net sales drop slightly
According to the USDA's latest U.S. Export Sales report, corn net sales of 208,900 MT for the 2011/2012 marketing year resulted as increases for South Korea (170,100 MT, including 114,600 MT switched from unknown destinations), Japan (149,500 MT, including 74,700 MT switched from unknown destinations and decreases of 5,100 MT), Mexico (144,000 MT, including 7,400 MT switched from unknown destinations and decreases of 37,900 MT), China (60,000 MT, switched from unknown destinations), and Saudi Arabia (55,900 MT, including 52,000 MT switched from unknown destinations), were partially offset by decreases for unknown destinations (426,200 MT), Peru (5,600 MT), and Morocco (2,700 MT).
Exports of 895,100 MT were up 43 percent from the previous week and 37 percent from the prior 4-week average. The primary destinations were to Mexico (293,000 MT), Japan (201,100 MT), South Korea (115,000 MT), China (63,400 MT), Saudi Arabia (55,900 MT), and Venezuela (31,000 MT).
Corn futures closed lower on Wednesday as the market was pressured by strength in the dollar and weakness in the stock market as concerns about the euro zone crisis continue. On Thursday corn futures opened 5 cents lower on overnight trade.
|REPORT||THIS WEEK||LAST WEEK||DIFFERENCE|
|SALES||10 WEEKS||27 WEEKS||THIS YEAR|
No matching related articles at this time.
- Boxers or Briefs? Underwear buried to demonstrate unhealthy soil
- Tire makers race to turn dandelions into rubber
- Toro releases guide for using micro-sprinklers for IPM
- USDA to fund $25 million in value-added producer grants
- Crop futures mostly higher, livestock prices stabilizing
- Suppress Palmer pigweed with a ryegrass cover crop
- Deere to lay off more than 600 at four U.S. plants
- Slow pace of rail recovery stirs fear of future woes
- The four pillars of seeing opportunities in problems
- New DuPont Afforia herbicide introduced for soybeans
- Cooperative exits retail and automotive business
- RTK brings higher level of accuracy to farmers
- No El Niño in 2014? Drought-weary California in trouble
- Suspected Bt corn rootworm resistance in Pennsylvania
- BioNitrogen to build second fertilizer plant in Texas
- Commentary: Setting the record straight on 'Waters of the U.S.'
- Soybean aphid numbers on the rise
- Solar energy jobs increase, wind power decrease