Analysis of corn export in the United States

Introduction: as of the middle of November, the number of US corn export commitments accounted for an average of 42% of the total annual corn exports (based on 1975-2000 data) This year's corn export commitments were 634 million bushels, 36 million bushels lower than the same period last year The average of corn export commitments in the same period of 25 years is 773 million bushels This year's export commitments account for only 31% of the USDA's projected 2.05 billion bushels of exports The U.S Department of agriculture predicted in its November supply and demand report that U.S corn exports were the same as those predicted in October, but 113 million bushels higher than last year Based on the periodicity of export commitments as a proportion of annual total exports, the average of corn export commitments in the same period should be 848 million bushels As of November 15, the number of export commitments to Japan was 208 million bushels, 8 million bushels lower than last year During the same period, the average order volume of Japan was 236 million bushels Other Asian countries committed 61 million bushels to Taiwan, compared with 67 million bushels in the same period last year Export commitments to South Korea fell 15 million bushels as the country increased its purchases from China The U.S Department of agriculture predicted in its November global supply and demand report that China's corn exports will be 4 million tons this year, down 3.28 million tons from last year US corn export commitments to Egypt were 52 million bushels, 15 million bushels lower than last year In the same period, Egypt's orders accounted for an average of 27% of the total annual purchases Export commitments to Mexico were 68 million bushels, the same as the same period last year But this is the third largest data in the same period Over the same period, Mexico ordered an average of 34 million bushels, accounting for 36% of the total annual purchases Based on the current commitment process, Mexico's imports of corn from the United States are likely to reach 220 million bushels this year, down several million bushels from last year's record imports If the export commitments to Mexico's corn were combined with those to other crops (sorghum, soybeans and wheat), the export commitments as of November 15 would be 252 million bushels, 24 million bushels higher than the same period last year, the highest in the same period It is uncertain whether Mexico refuses to end the HFCS import tariff on US corn, which affects us corn trade with Mexico US corn and sorghum export commitments to Mexico hit a record high of 154 million bushels on November 15 Sorghum grain export commitments were 117 million bushels, 39 million bushels higher than the same period last year In the November supply and demand forecast report, the U.S Department of agriculture predicted that the export volume of American sorghum was 240 million bushels, 1 million bushels higher than that of last year This year's export commitments account for 49% of the USDA's annual export forecast The export commitments in the same period accounted for 48% of the average annual export volume Based on the periodicity of export commitments and annual export volume, the average value of sorghum export commitments in the same period is about 115 million bushels The number of commitments for sorghum export to Japan is 30 million bushels, 10 million bushels higher than the same period last year, but far lower than the average value of 46 million bushels in the same period of 25 years The number of commitments for Mexican sorghum exports was 86 million bushels, 32 million bushels higher than the same period last year, the highest in the same period (author:) share to feed Weibo share to: