Market Perspectives – April 24, 2015

U.S. Export Statistics

Corn: Net sales of 867,900 MT for delivery in 2014/15 were up 48 percent from the previous week and 68 percent from the prior four-week average. Increases were reported for Japan (336,000 MT, including 82,600 MT switched from unknown destinations and decreases of 7,100 MT), Mexico (156,100 MT), Colombia (149,000 MT, including 30,000 MT switched from unknown destinations and decreases of 28,200 MT), Saudi Arabia (84,500 MT, including 79,500 MT switched from unknown destinations) and South Korea (67,900 MT). Decreases were reported for unknown destinations (119,400 MT), Guatemala (6,200 MT) and the Dominican Republic (2,100 MT). Net sales of 6,200 MT for 2015/16 were reported for unknown destinations (3,400 MT) and Trinidad (2,800 MT). Exports of 1,041,100 MT were up 20 percent from the previous week and 10 percent from the prior four-week average. The primary destinations were Japan (289,100 MT), Mexico (218,600 MT), Saudi Arabia (158,400 MT), South Korea (138,900 MT), Colombia (71,900 MT) and Taiwan (69,300 MT).

Barley: There were no sales reported during the week. Exports of 300 MT were reported to Taiwan.

Sorghum: Net sales of 83,500 MT for 2014/15 resulted as increases for China (188,500 MT, including 107,000 MT switched from unknown destinations and decreases of 4,100 MT), were partially offset by decreases for unknown destinations (105,000 MT). Net sales of 58,000 MT for 2015/16 resulted as increases for unknown destinations (108,000 MT), were partially offset by decreases for China (50,000 MT). Exports of 217,000 MT were down 38 percent from the previous week and 13 percent from the prior four-week average. The destination was China.