Market Perspectives April 11, 2014

U.S. Export Statistics

Corn: Net sales of 658,700 MT for 2013/14 were down 31 percent from the previous week and 30 percent from the prior four-week average. Increases were reported for South Korea (253,000 MT, including 118,700 MT switched from unknown destinations and decreases of 2,200 MT), Japan (171,600 MT, including 102,900 MT switched from unknown destinations and decreases of 26,800 MT), Colombia (72,900 MT, including 54,000 MT switched from unknown destinations), Israel (52,000 MT), Guatemala (48,600 MT, including 21,000 MT switched from unknown destinations), Costa Rica (44,300 MT) and Egypt (39,500 MT, including 38,000 MT switched from China). Decreases were reported for unknown destinations (83,400 MT), China (58,000 MT) and Brazil (35,000 MT). Net sales of 58,000 MT for 2014/15 were reported for Japan. Exports of 1,217,400 MT were down 15 percent from the previous week, but up 10 percent from the prior four-week average. The primary destinations were Japan (365,400 MT), Mexico (250,200 MT), South Korea (177,900 MT), Colombia (96,700 MT), Taiwan (76,900 MT) and Venezuela (64,000 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 123,000 MT, all South Korea.

Barley: Net sales of 1,000 MT for 2013/14 were reported for South Korea. There were no exports reported during the week.

Sorghum: Net sales of 1,700 MT for 2013/14 resulted as increases for Japan (9,400 MT switched from unknown destinations), China (1,400 MT), and Canada (300 MT), were partially offset by decreases for unknown destinations (9,400 MT). Exports of 67,900 MT were reported to China (57,800 MT), Japan (9,400 MT) and Mexico (700 MT).