USDA confirms the cancellation of 380,000 tonnes of U.S. #corn to #China for the 2021/22 marketing year.
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More deets on last year's #corn cxls (all in 2021 for 2020/21): Feb. 10: -132kt unknown May 5: -140kt #China May 10: -280kt China So, it's possible all 552kt were to China. U.S. shipping pace has averaged ~300kt/wk in last 4 weeks. Not huge, but steady.
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Some context on Thursday's U.S. #corn cancellations from #China.... 380kt is the largest daily cxl of corn (by anyone) I can find in 7+ years of data. 2020/21: 3 separate daily cxls of corn (1 in Feb, 2 in May) totaled 552kt (420kt to China were the 2 in May).
