Japan stands to lose the title of top corn export market for the U.S. if current trends hold through the marketing year. DTN reports if that happens, it will be the first time since 1989 that a country other than Japan wore the crown. Corn export sales to Mexico are up 14 percent compared to this time last year, while sales to Japan are down 38 percent, according to USDA. Sales over the past several years are growing to Western Hemisphere countries while sales to Asia are declining. Mexico exported the second most corn from the United States in the 2014-2015 marketing year. However, DTN says Mexico’s possible move into the top buyer slot has as much to do with China's sorghum buying as it does with lower corn prices, growing feed use and favorable logistics.
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