USDA Sees U.S. Corn Exports Surging to a Record

The U.S. Department of Agriculture raised American corn exports for 2020-2021 by 325 million bushels to 2.65 billion bushels, a record if realized.

And while the U.S. is winning some global business, USDA sees lower corn output in Ukraine, the EU and Russia. Citing shipment data for exporting countries, the agency in its monthly WASDE report estimated China’s corn imports in the 2020/21 season at 13 million metric tons for the 2020/21 season, up from a 7 million-ton projection last month

Last week, the USDA’s Foreign Agricultural Service issued a revised outlook showing China’s corn imports at 22 million metric ...