Corn export sales fall 19%

January 27, 2018 |

In Texas, Platts reports that U.S. net export sales of current and next crop corn totaled 1.531 million mt in the week that ended January 18, down 19% from 1.891 million mt in the previous week, according to Department of Agriculture data. Of total net exports sales, 1.446 million mt were for the current corn crop, and 85,063 mt were for the next corn crop, the agency said.

Weekly export sales were expected to keep showing improvement because of weakness in the US dollar, even if the weak dollar’s impact won’t be felt for one or two more weeks, sources added. “The US dollar continues to be a great promoter of better business to come,” a market participant told Platts.

The top buyers in the current marketing year are Mexico, at 9.938 million mt; Japan, at 5.057 million mt; Colombia, at 2.171 million mt; and Peru, at 1.841 million mt, data showed.

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