The amount of US corn inspected for export in the week ended November 8 totaled 1.134 million mt, down 11.5% from the previous week. The most recent reporting period’s total was 179.5% higher than the year-ago week. The largest share of US grain exports last week were soybeans, at 46.6% of the total grains inspected for export. Corn was second at 40.7%, followed by wheat at 12.2%. In the first 68 days of the 2018-2019 marketing year, the amount of US corn inspected for export totaled 11.107 million mt, 86.4% higher than the same period in the previous marketing year and 17.9% of the USDA’s projection of 62.233 million mt for the current marketing year.
Maize Taiwan’s MFIG secures corn at tender from Glencore at $201/mt. Taiwan’s feed manufacturer MFIG has secured corn for delivery early March delivery from international trader Glencore at a $201/mt.