US corn, soy exporters continue battling huge Brazilian supplies
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NAPERVILLE, Illinois, Oct 5 (Reuters) – U.S. corn export demand has not been impressive in the last year or so as China has eased purchases from the former No. 1 exporter, opting to source from Brazil, the new king of corn.
Although China’s interest has declined, other U.S. corn export demand has been better than a year ago. The same cannot be said for U.S. soybeans and Brazil is again the reason.
As of Sept. 28, about 14.4 million metric tons of U.S. corn had been sold for export in the current season according to U.S. Department of Agriculture (USDA) data published on Thursday. The 2023-24 marketing year for U.S. corn and soybeans began on Sept. 1.
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