ADM, Scoular Corn Shipments Wilt, Ridley Takes Mexican Crown

Ags - Grains/Beans 282 Brazil 378 Consumer Staples 734 Iran 33 Mexico 839 U.S. 5197

The U.S corn harvest may be delayed by two to four weeks due to late planting according to S&P Global Platts, pushing the harvest available for export into September. That’s an unwelcome delay for exporters include De Long and Scoular which already saw a 41.7% year over year drop in exports in 2Q, Panjiva data shows. A decline in exports to China was driven by tariffs while demand from Mexico fell 15.9%. The slowdown in shipments to Mexico was fastest for Archer Daniels Midland, whose Mexican imports fell 48.9%, while Scoular’s fell 51.8%. The outlier was Ridley Corp. with a 2.3% increas...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.