The USDA says export sales of corn and wheat both dropped while soybean sales declined to a marketing-year low during the week ending on February 24, 2023.
Corn sales to overseas buyers totaled 598,000 metric tons, down 27 percent from the previous week and 48 percent from the prior four-week average. Mexico was the top corn buyer at 207,400 metric tons. Exports for the week dropped three percent to 666,400 tons.
Wheat sales were 16 percent lower than the prior week at 284,000 metric tons, 39 percent higher than the same week last year. Japan was the top buyer at almost 71,000 tons. Exports were up 81 percent to 610,000 metric tons.
Soybean sales dropped 14 percent week-to-week and 25 percent from the four-week average to 360,700 tons, the lowest since the marketing year began last September. China purchased 218,400 metric tons. Weekly soybean exports dropped 45 percent to 881,000 metric tons.
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