USDA-Foreign Ag Service News: Foreign Demand Fuels U.S. Corn and Sorghum Exports
WASHINGTON D.C. – June 16, 2021 – Strong foreign demand and reduced competition have sharply boosted exports to record levels for U.S. corn in 2020/21 (Oct-Sep). For 2021/22, exports are currently forecast to decline with a rebound in supplies from other exporters. Still, this would be the third largest on record, if realized. Robust demand in China fueled U.S. sorghum exports to reach the third highest level in history in 2020/21. The trend is expected to continue into 2021/22.
New crop sales are a record for corn and the second largest for sorghum. Although strong early-season sales do not necessarily lead to greater total exports for the year, large early-season sales bode well for exports in the coming year.