Net export sales remained below 1.0 MMT during the week ending Dec. 8, and shipments fell below 600,000 MT. Total 2022/23 commitments were 20.0 MMT as of Dec. 8, about 40 percent of the season forecast, so based on that indicator, USDA may be content to let exports play out a bit longer at the current forecast. However, this season, it looks like Brazil may make a very large corn crop, which could limit growth in demand for U.S. corn after the spring.

In years of steady exports, like 2018/19, total commitments are usually closer to 60 percent by now.

IQ subscribers, log in to read more.


Source: USDA

Source: 123rf.com
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.