Sales of corn, beans and wheat all plunged week to week in the seven days that ended on April 3, according to data from the Ag Department.
Corn sales in the week through April 10 dropped to 785,600 metric tons, down 33% from both the previous week and the prior four-week average, the agency said. Korea was the big buyer at 204,200 tons, Colombia was in for 196,700 tons, Japan took 180,800 tons, Mexico bought 151,000 tons and Vietnam purchased 59,800 tons of U.S. corn. The total would’ve been higher but an unnamed destination canceled orders for 57,200 tons and Panama nixed shipments of 37,600 tons. Corn exports for the week dropped 32% to 339,100 tons.
Soybean sales last week totaled 172,300 metric tons, USDA said. That’s down 58% from the week prior and 63% from the average. An unnamed country canceled shipments of 256,700 tons.
