USDA: Corn net sales up slightly
According to the USDA's latest U.S. Export Sales report, corn net sales of 695,500 MT for the 2011/2012 marketing year resulted as increases for Mexico (399,500 MT), Japan (240,800 MT, including 135,000 MT switched from unknown destinations), China (238,100 MT, including 179,500 MT switched from unknown destinations and decreases of 1,500 MT), Saudi Arabia (59,800 MT, switched from unknown destinations), Morocco (25,000 MT), and Canada (22,800 MT), were partially offset by decreases for unknown destinations (324,700 MT).
Net sales of 12,500 MT for delivery in 2012/2013 were for Mexico. Optional origin sales were reported for Mexico (30,000 MT). Exports of 1,036,600 MT--a marketing-year high--were up 28 percent from the previous week and 26 percent from the prior 4-week average. The primary destinations were to Japan (318,500 MT), China (295,200 MT), Mexico (160,100 MT), South Korea (115,500 MT), Saudi Arabia (59,800 MT), and Taiwan (25,100 MT).
Corn futures were called 3 cents lower on Thursday morning as fund selling weighed on futures on Wednesday and again overnight.
|REPORT||THIS WEEK||LAST WEEK||DIFFERENCE|
|SALES||10 WEEKS||27 WEEKS||THIS YEAR|
No matching related articles at this time.
- Ag markets posted a mixed showing before the long weekend
- Central American farmers generate energy from coffee wastewater
- Big potential in China for U.S. corn, livestock exports
- Outback Guidance introduces next generation auto steer systems
- Ag markets proved quite mixed again Friday morning
- Court ruling in Hawaii finds that crop protection is state law
- No El Niño in 2014? Drought-weary California in trouble
- Suspected Bt corn rootworm resistance in Pennsylvania
- Commentary: Setting the record straight on 'Waters of the U.S.'
- Soybean aphid numbers on the rise
- BioNitrogen to build second fertilizer plant in Texas
- Pinnacle Agriculture, Tecomate Wildlife form alliance