US corn exports slow, USGC says

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US corn exports slow, USGC says

U.S. corn sales are off to a slow start to the current marketing year.

Cary Sifferath, vice president of the U.S. Grains Council, says the stronger dollar has reduced demand. “That made some of our competitors a little bit more attractive in terms of price,” he said. “And obviously the low water levels on the river system affected our ability to move corn to the export market.”

He says Brownfield Mexico’s ban on GM corn is another concern. “I’ve seen the Biden administration start to have some discussions — from USDA and USTR — with their counterparts in Mexico,” Sifferath said. “Hopefully we can reach a resolution as we approach the January 2024 deadline when it should be passed.”

Sifferath says Mexico has been the largest market for U.S. corn for nearly a decade.