Sales decreases by Japan and unknown destinations moved weekly corn sales 120 percent lower, dropping 349,185 metric tons to -59,098 MT. The decline moves corn export sales to a new low for the year. Sales increases were noted for China (62,500 MT), Guatemala (26,000 MT, including 18,700 MT switched from unknown destinations), El Salvador (11,100 MT, including 10,200 MT switched from unknown destinations), and Taiwan (9,500 MT), but reductions by Japan (103,100 MT) and unknown destinations (100,700 MT) pulled sales lower.
Net sales of 836,100 MT for 2013/2014 were primarily for unknown destinations (348,000 MT), Mexico (308,800 MT), and Japan (100,000 MT). Exports of 377,400 MT were down 12 percent from the previous week, but up 7 percent from the prior 4-week average.
Corn export shipments moved 12 percent lower last week, down 52,911 MT to 377,448 MT. The decline ends two consecutive weeks of gains that had propelled corn shipments to a 10-week high. Shipments were primarily to Japan, receiving 212,400 MT, followed by Mexico (93,500 MT), Guatemala (20,200 MT), and Venezuela (20,000 MT).