US Corn Exports During the September-August Marketing Year

U.S. corn exports to select markets during the recently completed 2011/12 corn marketing year

The following chart shows U.S. corn exports to select markets during the recently completed 2011/12 corn marketing year in comparison to exports last year. While there has been a significant drop in U.S. sales to most markets, China and Mexico are the exceptions to this pattern, with noticeable increases.

Total U.S. corn exports in the marketing year of 2011/12 reached 37.7 million metric tons (MMT), down from 7.4 MMT from the total U.S. corn export of 45.3 MMT in 2010/11. While corn quality was very good in 2011, total production was below trend yields, so competitors again made inroads into U.S. market share. Projected total world corn trade is up in 2011/12 by 10.8 MMT compared to 2010/11, while U.S. exports declined.