International Corn Markets

18-Dec-2024 08:07 AM

International Corn Markets
US Corn Sales: The USDA announced private export sales of 170,400 metric tons (MT) of U.S. corn to Mexico for the 2024/25 shipment period.
E15 Fuel Policy: A U.S. government funding bill is anticipated to include a provision allowing year-round sales of E15 fuel (gasoline with 15% ethanol), potentially increasing domestic demand for corn used in ethanol production.
Brazilian Corn Exports: ANEC revised Brazil's December corn export estimate to 4.1 million metric tons (MMT), a 0.13 MMT increase from its previous projection, signaling robust export activity.
South Korean Import: South Korea secured 66,000 MT of corn through an overnight tender, reflecting continued demand in Asian markets.