Corn Sales Rebound, Led by Demand from Colombia and Mexico

Corn sales for the week through April 11 experienced a significant rebound, with net sales totaling 501,200 metric tons (MT), according to the latest export sales data released by the U.S. Department of Agriculture. This represents a 54% increase from the previous week, although it remains 45% below the prior 4-week average.

Colombia led the demand with 273,700 MT, followed by Mexico with 87,700 MT. China, Saudi Arabia, and Japan also contributed to the increase in sales. Despite the rebound in sales, exports of corn decreased slightly compared to the previous week. Mexico remained the top destination, followed by Colombia, Japan, South Korea, and China.