New crop corn sale for this week was the best in six years.

Weekly export sales today cover Fri 8/2 – Thu 8/8 activity. The US holds a very slight price advantage over Brazil after including shipping.

At this time of year, with only 3 weeks and 2 days left in the old crop marketing year our focus is on shipments rather than sales. USDA’s 2.225 billion bushel goal for the year would be +4% vs. the five year average pace. Our year to date shipments are +3% with the average. Remaining shipments need to run +23% vs. the average to meet USDA's current goal. This week was +21% vs. average. The prior four weeks were +36%. We will end the year near USDA's goal.

New crop corn sales were positive at 800,518 tonnes, much over the 482,451 five year average. It was the best new crop sale for this week in six years. Overall, new crop corn bookings are on target.

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