USDA data shows export sales dropped to a marketing year low in the seven days that ended on April 4, although soybean and wheat sales increased.
Corn sales dropped 325,500 metric tons, down 66 percent week to week and 72 percent from the prior four-week average. The agency says that’s the lowest level since the marketing year began on September 1. Japan was the big buyer at 221,100 metric tons, followed by Mexico and South Korea. Weekly exports for the week hit 1.56 million tons, down five percent from the previous week.
Soybean sales to overseas buyers rose to 305,300 metric tons, a three percent drop from the average for this time of year. Mexico bought 172,600 tons. Exports totaled 503,400 tons, eight percent lower than the prior week. Wheat sales for export totaled 80,700 metric tons, higher than the prior week’s 16,100 tons but two percent below the average.
