From Nasdaq: 2024-03-31 09:53:38

The USDA’s Grain Transportation Report shows a 19% increase in US corn exports, fueled by a record-breaking harvest and competitive prices despite reduced purchases from China. Brazil’s massive 2023 corn crop has influenced trade patterns, with Mexico, Japan, and Colombia increasing US corn purchases. Mexico leads the way with a 33% increase in commitments, driving demand for rail transportation. The USDA projects a 24% increase in corn shipments compared to last year, indicating sustained demand for barge, ocean, and rail transportation.



Read more at Nasdaq: US Corn Exports Surge Despite Competition