The pace at which the corn export program has started has caught the attention of traders and analysts across the industry. Considering the start is over 234 million bushels or just under 6 million metric tons higher than last year at this time through the first seven weeks of the marketing year and the fourth largest for this week going back over 30 years, there is good reason they are noticing.
While I was expecting a strong pace to exports in the year ahead, which was the foundation to my thesis on why I was bullish corn back in September, even I am surprised by the surge in coverage seen of US corn by global buyers.
