#Ukraine's March grain exports were four times less than in February due to the Russian invasion.
In a normal year, Ukraine would probably be exporting at least 4 mmt in March - which is usually the height of their corn export season. However, the 1.1 mmt for Mar 22 is higher than I expected. Perhaps that was overestimated, not sure.
USDA confirms the sale of 1,084,000 tonnes of U.S. #corn for delivery to #China. 676kt is for 21/22 and 408kt is for 22/23 Sorry my previous version had an extra "million" in there. By the way, this is China's first substantial U.S. corn purchase since May 2021.
#China just made it's largest U.S. #corn purchase since May 2021 In 2020/21, USA shipped 21.5 mmt of corn to China For 2021/22, sales thru March 24 to China = 12.12 mmt, w/ 5.3 mmt left to ship 2022/23 sales = 204kt as of March 24 April 4 flash: 676kt for 21/22, 408kt 22/23
In the same week in 2021 (March 25), #China's 20/21 U.S. #corn commitments = 23.2 mmt w/ 14.7 mmt still to ship by Aug. 31. There were NO China bookings yet for 21/22 one year ago. That started (and ended) in May.