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Mexico makes its second-largest US corn purchase, about 1.7 million tons

USDA announced a flash sale of roughly 68 million bushels of corn to Mexico, the 15th-largest individual US corn sale it has reported, as China stayed in soybeans.

Mexico makes its second-largest US corn purchase, about 1.7 million tons
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US corn export demand strengthened on Monday after the US Department of Agriculture announced a flash sale of roughly 68 million bushels, about 1.7 million metric tons, to Mexico.

Dave Chatterton of Strategic Farm Marketing says it was the second-largest US corn sale ever reported to Mexico and the 15th-largest individual corn sale reported by USDA.

USDA inspections showed about 20.5 million bushels of corn moving to Mexico in the week ending October 29. Total US corn inspections reached 884,766 metric tons, up from 638,226 the previous week.

China stayed active in soybeans. USDA inspected about 56 million bushels for China last week, and Monday's flash sales added roughly another 5 million bushels. The pattern is clear: Mexico is supplying the major corn demand while China stays concentrated in soybeans.

Photo: Lynn Betts, USDA NRCS / Wikimedia Commons (Public domain)

Source: All Ag News

All Ag NewsSource

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