USDA: Mexico Buys 5.12 Million Bushels of Corn

USDA: Mexico Buys 5.12 Million Bushels of Corn

Delivery is set for 2014/2015 market year

Private exporters reported Mexico bought 5.12 million bushels of U.S. corn for the 2014/2015 crop year, USDA said on Monday.

The marketing year for corn began Sept. 1.

Mexico is a leading buyer of U.S. corn and USDA weekly data last week showed it had outstanding sales of 135.33 million bushels of 2014/2015 corn as Oct. 30.

Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination by the following business day.

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