This week shows net sales reductions of -33,700 for the 2011/2012 marketing year net sales, which is not really that unusual for the end of a marketing year. New sales for the 2012/2013 marketing year were for 194,600 metric tons, 30% less than the earlier week.
|Week Ending: 8/23/2012|
|Japan*||23,300||2011/2012||Includes 26,700 MT switched from unknown destinations & decreases of 3,300MT|
|China*||56,900||2011/2012||Includes 60,000 MT switched from unknown destinations & decreases of 5,800MT|
China imported 5.2 times more amount of corn in the current marketing year (2011/12) than they did last year. One has to wonder how much of this is being stored vs used.
|Week Ending: 8/23/2012||2011/2012 Marketing Year Data|
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