Corn export sales top 1.5 million tons
Corn export sales were solid during the week ending January 26th. The USDA says corn sales of nearly 1.6 million tons were significantly larger than average, driven by demand from unknown destinations, Mexico, and China. Global corn demand is turning to the U.S. with Brazil nearly out of old crop and reduced movement out of Ukraine due to slower inspections by Russian officials under the Black Sea Grain Initiative. Beef and sorghum sales also saw week-to-week improvements. The USDA’s next set of supply and demand estimates is out February 8th.
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