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NW Iowa | A couple of revisions, or a hiccup in Brazil or some China action,
maybe we get a bounce to market corn.
Off of DTN
As you can see by the accompanying chart, total U.S. corn export commitments (outstanding sales plus accumulated exports) to the week ending Oct. 9 were setting a record pace. This far exceeded the 2021-22 pace that included China's purchases during the Trump first-term U.S-China Phase One trade deal. Commitments were already at 1.210 billion bushels (bb) compared to just 782 million bushels (mb) last year (that eventually set an annual record for corn exports). And that was without any sales to China.
Export inspections as of Nov. 20 already hit 17.482 million metric tons (mmt) compared to 10.164 mmt last year, representing a 72% increase when USDA is only looking for an annual increase of 9%. And that is up from 5% prior to the November World Agricultural Supply and Demand Estimates (WASDE) update due to a 100-mb increase in the export estimate.
But the big question everyone should be asking is: What happens if China returns as a buyer of U.S. corn? Is there justification for a return? Will there be enough to go around, especially if future yield estimates decline as expected? And what are the market implications pricewise?
https://www.dtnpf.com/agriculture/web/ag/news/article/2025/11/25/rec...
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Maybe a little hope for the corn market
