International Corn Market

09-Apr-2025 08:12 AM

International Corn Market
The USDA has reported a private export sale of 240,000 metric tons of corn to Spain for the 2024/25 marketing year. The USDA will release its monthly WASDE (World Agricultural Supply and Demand Estimates) report on Thursday morning. Traders are expecting the report to lower the estimate for U.S. ending stocks by an average of 30 million bushels (mbu), bringing the total to 1.51 billion bushels (bbu). However, the range of projections is quite wide — between 1.405 and 1.605 billion bushels.