International Corn Market

01-Mar-2025 08:00 AM

International Corn Market
The 25% tariffs imposed by President Donald Trump on Mexico and Canada are still set to take effect on March 4, although discussions and potential changes have taken place this week.
According to the Weekly Export Sales report, total export commitments for the 2024/25 crop stand at 48.664 million metric tons (MMT). This represents 78% of the USDA’s full-year WASDE estimate, surpassing the average pace of 76%.
Based on data from the Federal Agricultural Service (FAS), total shipments exported so far amount to 26.567 million metric tons, which is 32% higher than last year and 43% of the USDA’s estimate. This also exceeds the average shipping pace of 37%.