Though U.S. corn exports had an unusually strong start to the marketing year, they seem to be slowing down. USDA is projecting total corn exports will show a modest increase from 2.438 billion bushels in 2017/18 to 2.450 billion bushels in 2018/19.
Total exports for the week ending Nov. 15 were 12.5 million bushels, down 25 percent compared to the week before. However, accumulated corn exports are still up 83 percent YOY.
U.S. outstanding corn export sales