U.S. corn export sales totaled 575,000 MT (22.6 million bushels) between Dec. 23 and Jan. 5, the slowest pace of contracting for this time of year since 2012/13. Shipments over the two-week holiday period fared a little better thanks to stronger exports during the week ending Dec. 29 offsetting the slowdown seen during the week ending Jan. 5. Last week’s exports were the lowest for the week since 2012/13.

USDA lowered forecast 2022/23 corn exports to 1.925 billion bushels (49 MMT) in the January WASDE, down from 2.075 billion projected last month and 2.150 billion estimated in November. Even with the reduction, current export commitments of 22.0 MMT (866 million bushels) still comprise a lower-than-usual share of the season forecast. If Brazil harvests and exports record corn volumes as forecast, we may see further erosion in U.S. corn exports in future reports.

Weekly net corn export sales

Source: USDA
Posted by: Information Services
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