Market Perspectives – August 1, 2014

U.S. Export Statistics

Corn: Net sales of 173,800 MT for 2013/14 were down 40 percent from the previous week and 54 percent from the prior four-week average. Increases were reported for South Korea (136,600 MT, including 65,000 MT switched from Japan and 63,000 MT switched from China), Saudi Arabia (71,500 MT, including 65,000 MT switched from unknown destinations), Mexico (61,400 MT), Peru (60,000 MT, including 30,000 MT switched from unknown destinations), Canada (37,000 MT) and Morocco (26,600 MT). Decreases were reported for Japan (160,100 MT), China (62,500 MT), unknown destinations (60,400 MT) and Ireland (1,000 MT). Net sales of 1,093,200 MT for 2014/15 were reported primarily for Mexico (431,500 MT), unknown destinations (277,200 MT), Colombia (129,000 MT) and Costa Rica (103,200 MT). Exports of 865,500 MT were down 13 percent from the previous week and 14 percent from the prior four-week average. The primary destinations were Japan (318,400 MT), Mexico (168,900 MT), South Korea (136,600 MT), Saudi Arabia (71,500 MT), Egypt (50,800 MT), Morocco (26,700 MT) and Panama (21,000 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 55,000 MT, all South Korea. 

Barley: Net sales of 500 MT for 2014/15 were reported for Taiwan. There were no exports reported during the week. 

Sorghum: Net sales of 4,000 MT for 2013/14 resulted as increases for China (119,400 MT, including 115,900 MT switched from unknown destinations and decreases of 1,300 MT) and Japan (2,600 MT), were partially offset by decreases for unknown destinations (118,000 MT). Net sales of 113,000 MT for 2014/15 were reported for unknown destinations (58,000 MT) and China (55,000 MT). Exports of 233,800 MT were reported to China (225,000 MT) and Japan (8,700 MT).