Net export sales of US corn for the week were 154,500 tonnes for delivery in the current 2013-14 marketing year and another 20,300 tonnes for delivery in 2014-15, the USDA said. The combined total fell well short of trade expectations that ranged from 250,000 to 900,000 tonnes, which was a wider range than usual.
Earlier in December it was reported that China rejected 545,000 tonnes of US corn shipments due to the discovery of an unapproved bioengineered strain of corn. Late in December, China also rejected 2,000 tonnes of distillers’ dried grain for the same reason.