Top Customer, Japan, Returns To U.S. Sourcing For Corn
Low prices reengage Japanese buyers
This week's U.S. Grains Council (USGC) Chart of Note illustrates Japan’s returned interest and preference for purchasing U.S. corn. During March, Japan purchased more than 1 million metric tons (39.368 million bushels) of U.S. corn, and the country has already topped those sales during the first three weeks of April.
Despite these strong sales, Japan has fallen behind its traditional spot as the largest purchaser of U.S. corn, currently coming in second to Mexico. This is due in part to U.S. corn exports being hindered globally by a strong U.S. dollar and larger than expected global corn supplies. To read more click here.