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US Grain Exports Slump to Six-Year Low


Combined US weekly exports of corn, wheat and soyabeans sunk below 1 Mt for the first time in six years in the week ending 9 September, totalling 0.95 Mt, following the closure of key Gulf export hubs following Hurricane Ida, official data showed.

This compares with 3.2 Mt in the same week last year and 1.1 Mt in the week ending 2 September.

Corn exports fell the most week-on-week, halving to 0.2 Mt, while soyabean exports slowed to 0.2 Mt. Wheat exports were registered at 0.5 Mt.