Market Perspectives – April 2, 2015

U.S. Export Statistics

Corn: Net sales of 406,600 MT for delivery in 2014/15 were down 7 percent from the previous week and 26 percent from the prior four-week average. Increases were reported for Mexico (234,600 MT), Colombia (99,600 MT, including 22,000 MT switched from unknown destinations and decreases of 5,500 MT), Barbados (63,300 MT, switched from Guatemala), Japan (58,300 MT) and Peru (37,000 MT). Decreases were reported for unknown destinations (64,100 MT), Taiwan (56,700 MT), Guatemala (46,800 MT), the French West Indies (5,000 MT) and Costa Rica (1,700 MT). Net sales of 25,100 MT for 2015/16 were reported for unknown destinations. Exports of 683,400 MT were down 36 percent from the previous week and 37 percent from the prior four-week average. The primary destinations were Mexico (147,400 MT), South Korea (135,200 MT), Japan (126,900 MT), Colombia (122,400 MT), the Dominican Republic (34,100 MT), Taiwan (27,400 MT) and Costa Rica (19,900 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. Export Adjustments: Accumulated exports to Japan were adjusted down 376 MT for week ending February 5. These sales were inadvertently reported as being shipped, but should have been reported as being cancelled. 

Barley: There were no sales reported during the week. Exports of 400 MT were reported to Taiwan (300 MT) and Canada (100 MT).

Sorghum: Net sales reductions of 212,700 MT for 2014/15 were down noticeably from the previous week and from the prior four-week average. Increases were reported for China (9,300 MT). Decreases were reported for Japan (222,000 MT). Net sales of 110,000 MT for 2015/16 were reported for China. Exports of 172,600 MT were down 40 percent from the previous week and 28 percent from the prior four-week average. The destination was China.