Market Perspectives April 17, 2014

U.S. Export Statistics

Corn: Net sales of 601,900 MT for 2013/14 were down 9 percent from the previous week and 36 percent from the prior four-week average. Increases were reported for Japan (161,000 MT, including 115,300 MT switched from unknown destinations, 53,000 MT switched from China, and decreases of 168,200 MT), Israel (120,000 MT, including 55,000 MT switched from China), South Korea (119,800 MT), Taiwan (106,700 MT, including 57,600 MT switched from China), Costa Rica (94,400 MT), Mexico (80,500 MT), and Saudi Arabia (73,800 MT, switched from unknown destinations). Decreases were reported for unknown destinations (268,400 MT) and China (168,000 MT). Net sales of 192,600 MT for 2014/15 were reported for Japan (141,800 MT) and unknown destinations (50,800 MT). Exports of 1,111,000 MT were down 9 percent from the previous week and 7 percent from the prior four-week average. The primary destinations were Japan (374,800 MT), Mexico (229,300 MT), Colombia (80,700 MT), Egypt (74,800 MT), Saudi Arabia (73,800 MT), Taiwan (69,500 MT), and Venezuela (55,000 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 123,000 MT, all South Korea.

Barley: There were no net sales or exports reported during the week.

Sorghum: Net sales reductions of 52,500 MT for 2013/14 resulted as increases for China (63,000 MT, including 58,000 MT switched from unknown destinations and decreases of 1,000 MT) and Japan (6,000 MT, switched from unknown destinations), were more than offset by decreases for unknown destinations (121,500 MT). Exports of 129,300 MT were reported to China (123,300 MT) and Japan (6,000 MT).