Market Perspectives April 13, 2017

U.S. Export Statistics

Corn: Net sales of 738,000 MT for 2016/2017 were down 35 percent from the previous week and 33 percent from the prior 4-week average. Increases were reported for Japan (230,900 MT, including decreases of 1,300 MT), Mexico (160,600 MT, including 52,700 MT switched from unknown destinations and decreases of 39,900 MT), Colombia (85,600 MT, including 83,000 MT switched from unknown destinations and decreases of 3,400 MT), Taiwan (74,700 MT, including 65,000 MT switched from unknown destinations), and Saudi Arabia (67,600 MT, including 65,000 MT switched from unknown destinations). Reductions were reported for unknown destinations (112,700 MT) and Indonesia (1,700 MT). For 2017/2018, net sales of 50,000 MT were reported for Japan. Exports of 1,076,300 MT were down 33 percent from the previous week and 27 percent from the prior 4-week average. The primary destinations were Mexico (245,800 MT), Japan (224,400 MT), Taiwan (154,000 MT), Colombia (120,800 MT), and Saudi Arabia (67,600 MT). 

Optional Origin Sales: For 2017/2018, new optional origin sales of 58,000 MT were reported for unknown destinations. The current optional origin outstanding balance for 2016/2017 of 402,000 MT is for unknown destinations (203,000 MT) and South Korea (199,000 MT). 

Barley: Net sales of 1,000 MT for 2016/2017 were reported for South Korea (600 MT) and Taiwan (400 MT). Exports of 1,000 MT were reported to Japan (900 MT) and South Korea (100 MT). 

Sorghum: Net sales of 75,000 MT for 2016/2017 were down 42 percent from the previous week and 18 percent from the prior 4-week average. Increases were reported for China (108,500 MT), Japan (19,500 MT), Mexico (7,500 MT), and Indonesia (100 MT). Reductions were reported for unknown destinations (60,500 MT). Exports of 97,800 MT were down 56 percent from the previous week and 6 percent from the prior 4-week average. The destinations were China (58,500 MT), Japan (30,500 MT), Mexico (7,900 MT), Indonesia (600 MT), and Taiwan (300 MT).