For the week ending Mar. 10, U.S. corn exports were about 1.3 MMT (51.2 million bushels), a one-month low and down 42 percent YOY. Cumulative 2021/22 corn exports were 28.8 MMT (1.134 billion bushels), down about 4 percent YOY.
U.S. net weekly export sales were 1.8 MMT (71 million bushels), down 14.3 percent week on week. Outstanding sales were 23.2 MMT (913.3 million bushels), down about 24 percent YOY. Top buyers for the week included Japan (538,400 MT), unknown destinations (303,000 MT), and Mexico (235,100 MT).
Total commitments reached 52.0 MMT (2.047 billion bushels), about 78 percent of USDA’s 2021/22 season forecast. Though the current season started off with lower export volumes in the first quarter vs. last season, current volumes may be enough to best the total of the 2020/21 season.
Cumulative U.S. corn exports by season
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