Third best corn export sale reported for this specific week.

Today's report covers activity from 9/20 - 9/26. Corn export sales this past week were 1,684,069 tonnes. That was the third best in history for this week. The trade estimate was 600,000 - 1,000,000.

When including Brazil's shipping advantage US corn holds a light price advantage vs. Brazil.

USDA's current goal for the year is 2.300 billion bushels. That would be +5% vs. the prior five year average. Current crop sales are -6% from the five year average. To meet USDA's current goal the remainder of the year would need to run +10%. Today's sale was positive at +59%. It is too early in the year to make high confidence claims about exports. Our starting bias is for final exports to meet or likely exceed USDA's current view.

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