Corn Export Sales Higher Than Expectations
By Kirk Maltais
Export sales of U.S. corn have exceeded the expectations of
traders, although steep cuts were made to sales of the old
Across both marketing years, sales of U.S. corn for the week
ended July 29 totaled 898,400 metric tons. Most of these sales were
made for 2021/22 corn, with Mexico and Japan being the leading
buyers. Analysts surveyed by The Wall Street Journal this week
expected corn sales to top out at 700,000 tons.
For corn in the current marketing year, multiple countries cut
their previously announced purchases this week. China reduced their
purchases by 112,500 tons, sales to unknown destinations were
reduced by 47,100 tons, sales to Nicaragua were reduced by 46,900
tons, sales to Costa Rica were reduced by 30,100 tons, and sales to
Panama were reduced by 20,700 tons.
Most-active corn futures trading on the Chicago Board of Trade
are up 0.5% to roughly $5.50 per bushel Thursday.
To see related data, search "U.S. Export Sales: Weekly Shipment
Totals" in Dow Jones NewsPlus.
Write to Kirk Maltais at firstname.lastname@example.org
(END) Dow Jones Newswires
August 05, 2021 09:23 ET (13:23 GMT)
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