USA: Corn sales to overseas buyers drops 20 percent

The U.S. Department of Agriculture says export sales of corn fell in the seven days that ended on Jan. 19, 2023, while soybean and wheat sales improved. During the week, corn sales to overseas buyers totaled 910,400 metric tons, a 20 percent drop week-to-week but up 46 percent over the prior four-week average.

Mexico was the biggest buyer at 407,000 metric tons, followed by Columbia. Exports for the week came in at 912,000 metric tons, up 28 percent from the previous week. Soybean sales rose 16 percent week-to-week and 53 percent from the average to 1.15 million metric tons.

China bought more than 940,000 metric tons, with the Netherlands a distant second at 67,100 tons. Exports for the week hit 1.9 million metric tons, down eight percent from the previous week. Wheat sales were up six percent over the prior week and 84 percent from the previous four-week average. Exports dropped 15 percent.

Tags: EXPORT SALES, wheat, U.S. Department of Agriculture, Columbia, China, corn, soybean, Mexico