U.S. corn shipments already flirting with all-time highs
Record U.S. corn sales, especially those to China, mean that exporters will be extremely busy for at least the next six months. But they no longer need to set new records, as the recent corn shipping pace has sufficiently boosted the efforts.
Updated figures from the U.S. Department of Agriculture on Monday placed corn export inspections, a proxy for actual exports, at 2.05 million tonnes for the week ended Feb. 25. That is the second-largest volume for any week behind the one ended Nov. 30, 1989, with 2.3 million tonnes.
Market participants have been anxiously watching the pace of U.S. corn exports ever since the 2020-21 season started on Sept. 1, as sales had already reached record highs. But the shipping pace was lackluster in the first few months, leading some analysts to doubt whether this year’s exports could reach the lofty expectations.
US Corn Shipments Flirting With All-Time Highs
marinelink.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marinelink.com Daily Mail and Mail on Sunday newspapers.
Column: U S corn shipments already flirting with all-time highs
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.