USDA reported a private export sale of 103,000 metric tons (MT) of corn to Japan, including 40,000 MT from the old crop and 63,000 MT from the new crop.

According to NASS crop progress data as of June 7, 97% of the U.S. corn crop has been planted, with 86% emerged, close to the 5-year average. The crop rated in good to excellent condition remained steady at 67%. The Brugler500 index rose 1 point to 372 due to higher excellent ratings.

The export inspections report for the week ending June 4 recorded corn shipments of 1.911 million MT (75.34 million bushels), up 9.21% from the previous week and 10.54% above the same week last year. Mexico was the largest destination at 497,128 MT, followed by South Korea at 270,044 MT and Spain at 238,319 MT. Marketing year-to-date corn exports reached 63.875 MMT (2.514 billion bushels), 26.80% higher than the same period last year.

In Brazil, the second corn crop harvest is 4.4% complete. AgRural revised the second crop estimate to 108.2 MMT, down 0.9 MMT from the previous forecast.