For the week ending Jan. 6, U.S. corn exports were a three-week high near 1.0 MMT (39.8 million bushels). Cumulative 2021/22 exports rose to nearly 15.7 MMT (616.7 million bushels), down some 6 percent YOY.
Weekly corn export sales were 457,675 MT (18.0 million bushels), bringing 2021/22 outstanding sales to about 25.8 MMT (1.015 billion bushels), down 10 percent YOY. Top buyers for the week included Mexico (278,800 MT), Japan (233,000 MT), and China (70,200 MT).
Total commitments were almost 41.5 MMT (1.632 billion bushels), about 62 percent of USDA’s 2021/22 season forecast.
In the WASDE January report, USDA lowered its 2021/22 exports forecast by 1.9 MMT (75 million bushels) to 61.6 MMT (2.425 billion bushels).
U.S. cumulative corn exports by season
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