Market Perspectives – April 10, 2015

U.S. Export Statistics

Corn: Corn: Net sales of 639,600 MT for delivery in 2014/15 were up 57 percent from the previous week and 45 percent from the prior four-week average. Increases were reported for Taiwan (209,000 MT), Mexico (200,300 MT), Japan (197,100 MT, including 155,700 MT switched from unknown destinations and decreases of 19,800 MT), South Korea (131,400 MT, including 64,700 MT switched from unknown destinations and decreases of 1,200 MT), Colombia (54,400 MT, including 51,400 MT switched from unknown destinations and decreases of 8,200 MT) and Cuba (25,000 MT). Decreases were reported for unknown destinations (184,500 MT) and Barbados (58,800 MT). Net sales of 62,900 MT for 2015/16 were reported for unknown destinations (36,200 MT), Guatemala (17,500 MT) and Japan (9,100 MT). Exports of 1,171,100 MT were up 71 percent from the previous week and 30 percent from the prior four-week average. The primary destinations were Mexico (289,600 MT), Japan (265,400 MT), South Korea (243,300 MT), Taiwan (137,000 MT), Iran (72,600 MT), Colombia (71,600 MT) and Costa Rica (44,100 MT).Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. 

Barley: Net sales of 100 MT for 2014/15 were reported for Taiwan. Exports of 300 MT were reported to South Korea (100 MT) and Taiwan (100 MT). 

Sorghum: Net sales of 47,000 MT for 2014/15 resulted as increases for China (105,200 MT, including 58,000 MT switched from unknown destinations and decreases of 10,400 MT), were partially offset by decreases for unknown destinations (58,000 MT) and Canada (300 MT). Net sales of 217,000 MT for 2015/16 were reported for unknown destinations (109,000 MT) and China (108,000 MT). Exports of 182,800 MT were up 6 percent from the previous week, but down 10 percent from the prior four-week average. The destination was China.