Corn Exports Lagging

U.S. corn shipments for the first four months of the 2019/20 marketing year (Sep-Dec) were the lowest since the drought year of 2012/13.

Shipments during September-November totaled 268.7 million bushels compared with 632.1 million during the same period the prior year. The USDA projects 2019/20 corn exports will be 1,775 million bushels, 14 percent lower than 2018/19.

Figure. 2 U.S. Exports of Corn

Source: USDA, Economic Research Service with data from U.S. Department of Commerce, U.S. Census Bureau, December 2019 Grain Inspections