U.S. Corn Exports Surge

By Kirk Maltais

Exports sales of U.S. corn have shot up from the previous week, fueled largely by strong sales to Mexico.

In this week's export sales report, the USDA says that for the week ended Sept. 30, corn sales for the 2021-22 marketing year totaled 1.27 million metric tons. The total exceeded the expectations of grains traders surveyed by The Wall Street Journal this week, who forecast sales to total anywhere from 350,000 tons and 800,000 tons. It's also a strong uptick from the previous week, when sales totaled 370,400 tons.

Mexico was the leading buyer for corn this week, purchasing 801,400 tons. Other leading buyers for the week include Colombia, Honduras, Canada and Guatemala.

Wheat and soybean sales, meanwhile, fell within trader forecasts - totaling 333,200 tons and 1.04 million tons, respectively.

To see related data, search "U.S. Export Sales: Weekly Shipment Totals" in Dow Jones NewsPlus.

Write to Kirk Maltais at [e-mail]

(END) Dow Jones Newswires

10-07-21 0922ET