Santiago. U.S. corn exports increased in March to 5.2 million tons, from 4.5 million tons in February, with Mexico at the top of the list of buyers with 1.8 million tons imported, a report from LSEG Commodities Research & said on Thursday. Forest.
Even so, the amount of US corn exports is 10.9 percent below the monthly average for March. Regarding purchases from Mexico, the report indicates that they are above the 1.4 million tons imported in March 2023.
Other purchases that increased significantly are those of Colombia, which jumped to 677 thousand tons, from 502 thousand tons in March 2023, and those of Japan, which rose this March to 1.1 million tons from 881 thousand tons in the same month last year.
Based on market indicators and the current pace of sales, LSEG estimates 2023/2024 US corn exports at 47.7 million tonnes, 5.6 million tonnes below USDA projections. acronym in English).
In the case of Argentina, LSEG indicates that exports in March were 3.5 million tons, which implies an increase compared to the 2.5 million tons exported in February. For this country, it projects that 2023/2024 production will be 55.6 million tons, which would generate exports of 38.5 million tons, some 3.5 million tons below USDA estimates.
For Brazil, LSEG estimates that corn exports for the 2023/2024 campaign will be 45.1 million tons, 6.9 million tons below USDA estimates.
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– 2024-04-15 09:08:29
