The US Department of Agriculture says corn export sales for the week ending Feb. 16, 2023, dropped while wheat and bean sales rose. Corn sales that week hit 823,200 metric tons, 20 percent lower than the previous week and 30 percent under the previous four-week average.
Japan was the biggest buyer at 312,000 metric tons, followed by Mexico and Taiwan. The total would have been higher, but China and Italy both canceled shipments. Exports for the week rose three percent to 687,400 tons.
Wheat sales came in at 338,800 metric tons, 62 percent higher than the previous week and 39 percent above the four-week average. Exports hit 338,000 metric tons, a 32 percent drop.
Soybean sales rose 20 percent over the prior week at almost 545,000 metric tons, 18 percent below the four-week average. China was the top buyer at 176,200 metric tons. Exports for the week dropped six percent to 1.74 million metric tons.
Comments