Corn International News

According to the US Crop Progress report released on Tuesday, 91% of the US corn crop had reached maturity as of October 11. Harvest was 33% complete, which was 6 percentage points behind the average pace. The proportion of corn rated good to excellent increased by 2 percentage points this week to 56%. Meanwhile, the Brugler500 index declined by 4 points to 346.

According to the US Department of Agriculture’s (USDA) weekly Export Inspections report, corn export shipments totaled 1.302 million metric tons (51.26 million bushels) during the week ending October 8. This was down 7.2% from the previous week but 7.57% higher than the same week last year. Mexico was the leading destination, receiving 466,356 MT. Japan received 277,161 MT, while South Korea received 274,744 MT. Total corn export shipments for the 2026/27 marketing year have reached 8.44 million metric tons (332.55 million bushels), up 5.32% from the same period last year.

Two South Korean importers purchased a combined 261,000 MT of corn in overnight tenders.

According to the futures research director at COFCO, China’s corn imports are expected to reach 3.5 million metric tons in the 2026/27 marketing year, down 170,000 MT from the previous year. Meanwhile, sorghum imports are projected to increase by 550,000 MT to 8 million metric tons.