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“USDA released the weekly Export Sales report on Thursday morning,” Total Farm Marketing said. “For the week ending March 12, U.S. exporters reported new sales of 1.172 MMT (46.1 mln bu.). Mexico was the top buyer of U.S. corn for that week. Total export commitments are at 2.664 bb, up 30% over last year. Recent rain and snowfall across the Corn Belt the past week has helped ease some drought conditions in Corn Belt states. Despite the precipitation, 41% of corn acres are in some form of drought, down 5% from last week.”
