US Corn Exports Update
Corn exports continue to lag last year’s pace by a substantial margin. Export inspections through November 28 sit at 237.7 million bushels compared to the previous year’s 560.2-million-bushel total. Outstanding sales as of November 21 total 323.6 million bushels, down from 471 million bushels at the same time last year. The huge second-corn crop in Brazil combined with a strong dollar saw U.S. exports whither in late summer and into the early harvest period.