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Commodities Buzz: HNI Commodity Pack, US Weekly Corn Exports Plummets Over 45 percent
US net export sales of corn totaled 559,157 mt in the week ended November 23, down 44.6% from 1.081 million mt in the previous week, Department of Agriculture data showed Friday.
Market expectations were for USDA weekly export sales to be between 700,000 mt and 1.1 million mt, a market participant said.Since the current marketing year began on September 1, total commitments -- cumulative exports plus outstanding sales -- totaled 22.023 million mt, down 27% year on year and 4% above the five-year average. The current total is already 45% of the USDA's 48.898 million mt projection for the current marketing year.
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