Corn Exports Up 25 Percents Says USDA

A U.S. Export Sales report from the USDA siad that corn exports for the week were up 940,700 MT from last week.

Top export regions, according to the report, were Japan (214,000 MT), Mexico (193,300 MT), South Korea (126,700 MT), China (120,200 MT), Saudi Arabia (70,200 MT), and Taiwan (48,700 MT).

The announcement by the Federal Reserve that it was going to keep interest rates supressed through 2014, had a positive impact on corn futures, which were up on Wednesday's close, and were called up 8 to 9 cents on Thursday.