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Corn Export Cargo Quality Report Presentations Off To Great Start In Mexico, Latin America

Each year, the U.S. Grains Council (USGC) releases two reports, the Corn Harvest Quality Report and Corn Export Cargo Quality Report, to help international buyers of U.S. corn understand the initial quality of U.S. yellow commodity corn as it enters the merchandising channel and as it is assembled for export.

Following the release of each, the Council’s offices around the world share the report findings with buyers in each of their markets. Most recently, offices in Mexico and Latin America (LTA) shared the results of the Corn Export Cargo Quality Report with interested parties in their areas.

In Mexico, separate events were held in Monterrey, Obregon and Veracruz to provide information on the reports. Along with the report findings, Jay O’Neil offered a global logistics outlook and answered questions on corn quality as the commodity travels through the logistics system. The events also included updates on planting reports, weather in the U.S. and how the upcoming crop is looking.

“Contrary to the harvest report, we present the cargo export report by working directly with specific end users and providing them with the most updated market information with the help of our consultant. It also helps us pick up market information and views from our end users,” said Javier Chavez, USGC marketing specialist in Mexico.

The Council’s LTA team shared the results of the report with a total of 76 attendees representing 36 different companies in Honduras and Costa Rica. Like the presentations in Mexico, an additional presentation was made at the events in the LTA region. Camilo Giraldo, a freight broker from BRS Shipbrokers, offered the attendees information on ocean freight.

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
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A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
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Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.