date:Mar 20, 2014
Current USDA reports show outstanding sales and accumulated exports to Japan totaled 8.4 million metric tons (331 million bushels) for this marketing year through March 6.
The US corn belt experienced a crippling drought in the 2012/2013 marketing year that drove US corn export prices to uncompetitive levels. While many longtime Japanese buyers continued to express a preference for US sourcing, the cost disadvantage imposed too high a premium, and Japan turned to South American corn. However in