Market Perspectives April 25, 2014

U.S. Export Statistics

Corn: Net sales of 618,900 MT for 2013/14 were up 15 percent from the previous week, but down 30 percent from the prior four-week average. Increases were reported for South Korea (185,000 MT, including 115,000 MT switched from China and 60,000 MT switched from unknown destinations), Japan (168,900 MT, including 101,400 MT switched from unknown destinations and decreases of 5,200 MT), Colombia (133,400 MT, including 154,000 MT switched from unknown destinations and decreases of 17,200 MT), Saudi Arabia (115,000 MT, including 103,400 MT switched from unknown destinations), Egypt (91,600 MT, including 76,600 MT switched from unknown destinations) and Peru (52,600 MT, including 30,000 MT switched from Uruguay). Decreases were reported for unknown destinations (215,900 MT), China (54,000 MT), and Uruguay (30,000 MT). Net sales of 382,900 MT for 2014/15 were reported for Mexico (240,000 MT), Japan (91,400 MT) and unknown destinations (89,400 MT). Decreases were reported for Costa Rica (37,900 MT). Exports of 1,621,100 MT were up 55 percent from the previous week and 33 percent from the prior four-week average. The primary destinations were Japan (243,300 MT), Colombia (231,000 MT), Egypt (224,600 MT), Taiwan (205,100 MT), South Korea (183,500 MT), Mexico (170,300 MT) and Saudi Arabia (117,000 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 123,000 MT, all South Korea.

Barley: Net sales of 1,100 MT were reported primarily for Japan (1,000 MT). Exports of 400 MT were reported primarily to Taiwan (300 MT).

Sorghum: Net sales of 251,100 MT for 2013/14 were up noticeably from the previous week and from the prior four-week average. Increases were reported for China (244,800 MT, including 60,000 MT switched from unknown destinations and decreases of 3,100 MT) and Japan (8,400 MT). Decreases were reported for unknown destinations (2,000 MT). Exports of 255,900 MT–a marketing-year high–were up 98 percent from the previous week and up noticeably from the prior four-week average. The primary destinations were China (238,300 MT) and Japan (17,500 MT).