Corn Export Sales Well Above Expectations

February 16, 2012

By: Meghan Pedersen, Pro Farmer Associate Editor

The Weekly Export Sales Report for the week ended Feb. 9, 2012, showed corn export sales topping expectations and the 1 million mark. Soybean export sales were near the bottom of the pre-report trade expectations range. Wheat export sales came in below expectations.

USDA Weekly Export Sales Report
Week Ended Feb. 9, 2012

Corn

Actual Sales (in metric tons -- MT)

Combined: 1,067,400 MT
2011-12: 1,005,900 MT
2012-13: 61,500 MT

Trade Expectations

550,000 to 750,000 MT

Weekly Sales Details

Net sales of 1,005,900 MT for the 2011-12 marketing year resulted as increases for Mexico (415,300 MT), Egypt (240,000 MT), Japan (109,700 MT, including 30,100 MT switched from unknown destinations and decreases of 9,400 MT), Taiwan (100,000 MT), Cuba (54,800 MT, including 25,000 MT switched from unknown destinations), and South Korea (49,500 MT), were partially offset by decreases for unknown destinations (21,100 MT), Trinidad (4,900 MT), and the French West Indies (3,400 MT). Net sales of 61,500 MT for delivery in the 2012-13 marketing year were reported for Mexico.

Weekly Export Details