By Kirk Maltais
Export sales of U.S. corn for the week ended December 21 landed on the high-end of forecasts from analysts surveyed this week by The Wall Street Journal.
Corn sales across the 2023/24 and 2024/25 marketing years totaled 1.25 million metric tons, according to this week’s weekly export sales report from the Department of Agriculture. That’s up from 1.01 million tons reported last week. Leading buyers for the week include Mexico, Colombia and Japan.
Analysts surveyed this week forecast that corn export sales would total anywhere from 600,000 tons to 1.4 million tons.
Sales of wheat and soybeans fell from last week, and landed on the lower-end of analyst expectations. Wheat sales totaled 318,000 tons across 2023/24 and 2024/25, while soybeans totaled 983,900 tons in 2023/24, with no sales reported for 2024/25.
CBOT grains are lower in pre-market trading – with corn down 0.2%, soybeans down 0.2%, and wheat down 0.1%.
To see related data, search “U.S. Export Sales: Weekly Sales Totals” in Dow Jones NewsPlus.
Write to Kirk Maltais at [email protected]
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