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Corn Export Sales Move Higher

Corn sales to overseas buyers for this current marketing year improved in the seven days ending on August 10. USDA data shows that soybean export sales declined during the same period last year.

Exporters sold 233,500 metric tons of corn for delivery for 2022-2023, up 55 percent from the previous week and 16 percent above the prior four-week average. In its weekly Export Sales report, the agency says the top three buyers were all unknown destinations. Sales for delivery in the 2023-2024 marketing year that starts September 1 totaled 704,700 metric tons. Soybean sales were 77 percent lower week-over-week and down 42 percent from the four-week average to 93,600 metric tons for 2022-2023. Sales for delivery in 2023-2024 totaled over 1,400,000 metric tons.

Wheat sales for the current marketing year dropped 37 percent from the previous week but were up three percent from the four-week average to 359,500 metric tons.

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