International Corn Markets

17-Dec-2024 08:07 AM

International Corn Markets
U.S. Corn Exports:
Weekly Export Shipments (Dec 12): 1.13 MMT (44.48 mbu)
Comparison to Last Year: Up 17.7%.
Comparison to Previous Week: Up 6.79%.
Top Destinations:
Mexico: 377,397 MT
Japan: 206,019 MT
Spain: 136,897 MT
Colombia: 124,780 MT
Cumulative Shipments for the Marketing Year: 13.3 MMT (523.63 mbu)
Year-on-Year Growth: Up 31%.
Brazil's Corn Crop:
AgRural Estimate: 121.7 MMT
USDA Estimate: 127 MMT
This data highlights strong U.S. export performance and a notable discrepancy between Brazilian production estimates from AgRural and the USDA, potentially signaling market adjustments ahead.