Old crop corn sales were up noticeably from the prior week, with 17.1 million bushels. New crop sales contributed another 23.2 million bushels, for a total of 40.3 million bushels. That was near the middle of analyst estimates, which came in between 25.6 million and 53.1 million bushels. Cumulative totals for the 2021/22 marketing year are still trending moderately below last year’s pace, with 1.690 billion bushels. Corn export shipments shifted 8% lower week-over-week and 11% below the prior four-week average, with 54.3 million bushels. Mexico was the No. 1 destination, with 14.4 million bushels. South Korea, Colombia, China and Japan rounded out the top five. Sorghum exports dropped to a marketing-year low of 2.6 million bushels. All of that grain is bound for China. Cumulative sales for the 2021/22 marketing year are slightly behind last year’s pace, with 210.4 million bushels. Sorghum export shipments fell 18% below the prior four-week average, with 7.6 million bushels. ...
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