Private exporters reported toUSDA export sales of 261,200 metric tons (MT) of corn for delivery to Mexico during the 2011-12 marketing year. The marketing year for corn began Sept. 1.
USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 metric tons or more of one commodity, made in one day to one destination, by 3:00 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.
Juli says: Fresh demand news should be viewed as a positive for the corn market this morning, although focus is on evening positions ahead of tomorrow morning's USDA reports.