Weekly export sales today cover Fri 4/19 – Thu 4/25 activity.

The US holds a pricing advantage over Brazil for near term corn export bids.

Sales of 758,466 tonnes were reported. The trade estimate was 650,000 – 1,300,000.

USDA’s current 2.100 billion bushel goal for the year would be -2% from the five year average pace. Our year to date sales are -5% from average. To meet USDA’s goal remaining sales need to run +36% vs. the five year average. Though last week was positive at +115%, the general period of recent sales including this week have been under the needed pace. If sales “improve” to even with last year we'll miss USDA's goal by 55 million bushels.

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