For the week ending Feb. 10, U.S. net weekly export sales were 820,041 MT (32.3 million bushels), down about 18 percent YOY. Outstanding sales were just under 24.2 MMT (952.7 million bushels), down 32 percent YOY. Top buyers for the week included Japan (600,200 MT), Mexico (103,300 MT), and Canada (45,600 MT).
Weekly U.S. exports were 1.6 MMT (63.0 million bushels), bringing cumulative 2021/22 corn exports to 22.3 MMT (877.9 million bushels), up almost 8 percent week on week. Exports have been outperforming the 2019/20 season by volume and are currently on par vs. the 2020/21 season.
Total commitments reached 46.5 MMT (1.830 billion bushels), almost 70 percent of USDA’s 2021/22 season forecast.
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