Export sales of corn jumped to a marketing-year high of 2.16 million metric tons in the week that ended on April 21, up 80% from the prior seven days, the U.S. Department of Agriculture said in a report this morning.
Japan was the biggest buyer, purchasing 567,400 tons, while unknown customers bought 483,200 tons and Mexico purchased 267,600 tons, the USDA said. Sales for the 2016-2017 marketing year totaled 440,000 tons, according to the agency.
Soybean sales, however, dropped 45% from the prior week to 226,000 tons, the government said. The total, down 36% from the prior four-week average, included purchases of 78,600 tons from Mexico, 55,000 tons from Bangladesh, and 37,300 tons from Indonesia. For 2016-2017, sales totaled 720,400 tons, including purchases of 375,500 tons by Mexico and 180,000 tons by China.
Wheat sales rose 19% from the prior week and noticeably from the four-week average to 351,900 tons. Mexico was the big buyer at 118,800 tons, and Taiwan purchased 43,400 tons, the USDA said. For 2016-2017, exporters sold 454,700 tons, according to the government.
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