It’s not just wheat and bourbon – US corn exports are taking a big hit as global backlash to the Trump administration’s trade war continues to build.
The USDA’s weekly export sales report found that US corn net sales for the last week of July (the most recent data available) declined by 50% week-over-week with the decline totaling more than 490,000 metric tons of corn.
Because a huge percentage of that decline was for corn shipped to “unknown destinations,” it’s hard to know exactly who or what is driving the impacts here, but the US’ three biggest export markets for corn are Mexico, Japan, and China, so any or all of those could be the culprit. (As well as some combination of smaller markets, too.)
It’s a grim moment for US farmers, who have had a rough year with all the trade disruptions (to say nothing of the ICE raids).
Where are you seeing impacts from the trade war? Prices up, shortages, lost jobs? (Or, even worse, all of the above?)
Let us know in the comments!
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