According to the U.S. Export Sales report for the week ending June 4, old-crop corn sales totaled 1.00 million metric tons (MMT). This was 13.3% higher than the previous week and 26.4% above the same week last year. Japan purchased 373,100 MT, while Mexico bought 356,200 MT.

New-crop corn sales were reported at 926,645 MT, bringing total new-crop commitments to 4.124 MMT, up 31.6% from the same point last year. Japan was the leading buyer with 241,000 MT, followed by Colombia with 237,500 MT and South Korea with 204,000 MT.

USDA’s monthly WASDE report showed U.S. old-crop ending stocks at 2.145 billion bushels (bbu), up 3 million bushels from last month. Corn use for ethanol was reduced by 25 million bushels, while exports were increased by the same amount. Imports were raised by 3 million bushels. As a result, next marketing year’s ending stocks were also increased by 3 million bushels to 1.96 billion bushels.

USDA raised Brazil’s corn production estimate by 3 MMT to 138 MMT, while Argentina’s crop was increased by 2 MMT to 61 MMT. CONAB estimated Brazil’s 2025/26 corn production at 140.46 MMT, up 0.29 MMT from last month. First-crop production was estimated at 28.46 MMT and second-crop production at 107.87 MMT.

According to WASDE, 2025/26 world corn ending stocks increased by 6.41 MMT to 303.36 MMT, while new-crop global stocks rose by 3.68 MMT to 281.22 MMT.