International Corn Market
24-Jul-2025 08:24 AM
International Corn Market
Japan and the US reached a trade agreement announced late Tuesday. Tariffs will be set at 15% starting August 1. This agreement is expected to boost Japan’s rice imports, with Japan purchasing $8 billion worth of agricultural products. For reference, agricultural and related exports to Japan have historically ranged between $12 and $16 billion annually.
According to EIA data, ethanol production averaged 1.078 million barrels per day in the week ending July 18, a decrease of 9,000 barrels per day from the previous week. Stocks rose by 809,000 barrels to 24.444 million barrels by the end of the week.
Export sales data for the week ending July 17 is estimated to show old crop corn sales between 100,000 and 800,000 metric tons, while new crop sales are expected to range between 400,000 and 800,000 metric tons. The report will be released Thursday morning.