Big Week for Corn, Sorghum, and Cotton Exports

WASHINGTON, DC – The pace of U.S. ag exports continues to improve, in spite of the fallout from the global COVID-19 pandemic. According to USDA’s Weekly Export Sales Report on Thursday, corn, sorghum and cotton exports, all hit marketing-year highs last week. For corn, the U.S. shipped 1.258 million metric tons primarily to Japan, Mexico, and Colombia. Sorghum exports eclipsed 231 thousand metric tons to China, Japan, and Mexico. Cotton exports to India, China, and Pakistan almost hit 24 thousand bales for the week. U.S. beef shipments were also higher according to USDA, increasing 1 percent over the previous week (17 thousand metric tons) with Japan the primary buyer. China also returned to the pork market as the major destination for pork exports, though the 40 thousand metric tons represented a 17 percent one-week decline. It was also a disappointing week for U.S. wheat and soybean exports with both off between 23 and 34 percent. Indonesia was the top destination for wheat and Mexico topped the soybean export list.