U.S. Corn Sales Drop to a 3-Year Low

Competition from Brazil and Argentina has caused U.S. corn export sales to fall to more than a three-year low, according to U.S. government data released last week. Although corn prices are falling, the number of sales is still declining.

In an article from The Times of India author Karl Plume writes, “The sales slump came even as corn prices dropped to a seven-week low in the reporting period, suggesting global buyers feel little urgency to lock in important purchases amid record-large global supplies, traders and analysts said”.

In the article Plume discusses:

• How much corn is being imported
• The slump of U.S. exports
• The heightened competition of Brazil and Argentina

Plume continues, “Combined sales, including 74,516 tons booked for shipment in the upcoming marketing year, were the lowest since June 2014, according to USDA data”. Can the U.S. overcome the competition from South America?

To read more, see the full article from Karl Plume in The Time of India.