U.S. corn export sales leap into new heights as cotton data looks to be reassured

Corn prices

Corn data were found in the peek in the U.S. weekly export sales report, corn data was found reaching their highest-but-one level of the past 15 months.

The U.S. in the week achieved the exports sales of corn of 1.89 million tons for the 2017 and 2018 delivery, with Japan, Mexico and Peru among its biggest importers. The data was shows that exports are around 500,000 to 800,000 tons in sales more than what the investors had expected, and more than four time the volumes the week before.

The U.S. Corn data last week was the second highest figure of this marketing year, and most of 2016 – 2017, second only to a 36 million ton reading in early November.

U.S. corn export commitments remain, at just under 29.0 million so far in 2017 to 2018, down 23% year on year.

The U.S. Corn exports represents 59% of the total shipments of 48.9 million tons that the U.S. Department of Agriculture has forecast for this season, with a little over one-third of the season gone.

Soybean export sales have reported to reach a total of 1.24 million tons which is also higher than expected, where it was expected to be around 600,000 to 1.00 million tons and the best figure in four weeks. Most importantly, it was also a strong figure for the time year.

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