The USDA says the week ending May 30th was a strong week for old crop corn export sales. Corn sales were up sharply on the week, driven by solid demand from Mexico, which has increased purchases due to drought impacting domestic production, along with Japan and Spain. All other major commodities saw week to week declines, including a net reduction for old crop wheat. Export demand is influenced by several factors including domestic prices, the value of the dollar relative to other currencies, and seasonal supply changes.
