The US increases corn exports

Corn sales to foreign buyers increased, while soybean cancellations resulted in a negative net result last week, according to the US Department of Agriculture (USDA). Corn sales for the seven days ending July 21 were reported at 150,300 tonnes swt, the agency said. This is up from 33,900 tonnes a week earlier and noticeably above the previous four-week average. Mexico was the biggest buyer with 70,000 tons, followed by Japan with 41,700 tons, Colombia with 15,500 tons, Guyana with 10,400 tons and Guatemala with 9,300 tons. For the 2022-2023 marketing year, which begins Sept. 1, exporters sold 193,700 tonnes of U.S. corn, down from 570,200 tonnes a week earlier, the government said. Exports for the week fell 22% to 867,900 tonnes. Soybean sales, meanwhile, saw net declines of 58,600 tonnes, a reversal from sales of 203,500 tonnes a week earlier due to mass cancellations this week, the USDA said. The Netherlands bought 57,000 metric tons of supplies from the US, Egypt bought 55,000 ...