Second best corn export sales for this specific week.

Today's report covers activity from 10/11 - 10/17. Corn export sales this past week were huge at 3,602,594  tonnes. This was the second largest sale in history for this specific week. The trade estimate was 2,200,000 - 3,300,000. This week had a strong 1,799,120 tonnes in overnight sales for 2024/25. There was also a 579,120 sale for 2025/26 delivery.

When including Brazil's shipping advantage US corn is about evenly priced vs. Brazil.

USDA's current goal for the year is 2.325 billion bushels. That would be +6% vs. the prior five year average. Year to date sales are +18% from the five year average. To meet USDA's current goal the remainder of the year would need to run +5%. Today's sale was incredible at +236% vs. average. While some of these strong recent sales are likely orders completed ahead of the elections, our starting bias is for final exports to meet or likely exceed USDA's current view.

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