US grain exports remain strong on competitive pricing

Published 2025년 4월 22일

Tridge summary

The US Department of Agriculture's latest Grain Transportation Report for the 2024-25 marketing year shows a strong performance in US grain exports, despite a decrease in shipments to China. The report highlights an 18% increase in year-to-date shipments compared to the previous year, with outstanding sales up by 20%. This growth is attributed to competitive pricing, low exportable supplies in major exporters, and robust demand. The US is expected to see its largest corn exports since the 2021-22 season, with Mexico, Japan, and Colombia as the leading buyers. Wheat exports have also increased, driven by purchases from Mexico and South Korea, despite a significant drop in China's wheat imports. The report also notes an uptick in barge and rail transportation activities, indicating the positive impact of grain exports on the logistics sector.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

US grain exports thus far in 2024-25 were strong despite declining totals to China, according to the most recent Grain Transportation Report (GTR) from the US Department of Agriculture. The strong exports raised the demand for grain transportation and accelerated the pace of US grain shipments, according to the report. Year-to-date shipments as of April 3 were up 18% compared to the same period last year and outstanding sales were up 20%. Although China has reduced corn purchases, US corn exports have been fortified by prices that are more competitive than all other major exporting countries, the GTR said. Low exportable supplies of major exporters and strong demand also are helping US exports. US corn exports are estimated at 64.8 million tonnes, which would be the largest volume since 2021-22. As of April 3, total commitments were up 25% from the previous year and the unshipped volume was up 19%. The three largest buyers were Mexico (34%), Japan (19%) and Colombia (12%). ...

Source: UkrAgroConsult