Apr 24, 2023

Corn, soybean export sales drop

Posted Apr 24, 2023 3:07 PM

Data from USDA shows that corn and soybean sales to overseas buyers declined in the seven days ending on April 13.

Exporters sold 312,400 metric tons of corn for offshore delivery for 2022-2023, down 41 percent from the prior week and 79 percent from the four-week average.

The top three buyers were China, Saudi Arabia, and Colombia. Exports rose 42 percent to 1.3 million metric tons.

USDA says soybean sales were down 73 percent week-over-week to 100,100 metric tons for 2022-2023. The top three buyers were the Netherlands, Mexico, and China. The USDA report says exports dropped 15 percent week-over-week to 582,800 metric tons.

Wheat sales improved 91 percent from the prior week and 93 percent from the four-week average, coming in at 259,000 metric tons. South Korea was the top wheat buyer, followed by Taiwan and the Philippines. Overall exports for the week dropped 28 percent to 202,800 metric tons.