Second best corn export sales for this week.

Today's report covers activity from 10/18 - 10/24. Corn export sales this past week were great at 2,341,667 tonnes. This was the second largest sale in history for this specific week. The trade estimate was 1,800,000 - 3,500,000. This week had a strong 1,486,218 tonnes in overnight sales for 2024/25.

When including Brazil's shipping advantage US corn is slightly below 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 +24% from the five year average. To meet USDA's current goal the remainder of the year would need to run -7%. Today's sale was incredible at +149% 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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