Corn Export Sales Hit Marketing-Year Low Point
The USDA says corn export sales hit the lowest level since the 2022-2023 marketing year began on September 1. Cancelations led to a net reduction in corn sales during the seven days ending on April 27 of 315,600 metric tons. China canceled shipments of 562,800 metric tons.
Meanwhile, exports of corn during the week hit a marketing-year high of 1.7 million metric tons.
Soybean sales fell to 289,700 metric tons, a seven percent week-to-week drop and seven percent lower than the five-year average. China was the largest buyer at 134,300 metric tons. Soybean exports rose 24 percent on the week to 561,200 metric tons.
Wheat sales rose 26 percent from the prior week to just over 211,000 metric tons, up 14 percent from the previous four-week average. Mexico was the leading buyer at 72,600 metric tons. Wheat exports during the week hit almost 289,000 metric tons, down five percent from the previous week.