U.S. corn exports reached a marketing-year high for the period ending April 10, with shipments of 1.88 million metric tons marking an 11 percent increase from the previous week, according to United States Department of Agriculture's weekly summary of export sales released Thursday.
Net corn sales of 1.56 million metric tons jumped 99 percent from the previous week and 39 percent above the prior four-week average. Mexico led purchases with 401,500 metric tons, followed by Japan, Spain and Colombia.
"The strong corn performance underscores rebounding global demand," said an agricultural economist familiar with the export market.
Several other commodities posted significant gains, with upland cotton sales rising 76 percent from the previous week, reaching 202,000 running bales. Vietnam emerged as the top destination, securing 90,900 running bales.
Beef sales increased 47 percent to 17,500 metric tons, led by Japan with 7,700 metric tons.
Soybean exports, while down slightly from the previous week at 721,900 metric tons, saw net sales surge to 554,800 metric tons. China remained the primary destination for shipments.
The report also highlighted a significant single-day corn sale of 240,000 metric tons to Spain for the 2024/2025 marketing year.
