Market Perspectives August 10, 2017

U.S. Export Statistics

Corn: Net sales of 52,000 MT for 2016/2017 resulted as increases for Japan (88,100 MT, including 92,700 MT, switched from unknown destinations and decreases of 5,700 MT), Mexico (87,600 MT), Peru (56,800 MT, switched from unknown destinations), Colombia (16,400 MT, switched from unknown destinations), and Honduras (13,500 MT, including 12,300 MT switched from unknown destinations). Reductions were reported for unknown destinations (248,100 MT) and Panama (500 MT). For 2017/2018, net sales of 628,400 MT were reported primarily for Colombia (275,000 MT), Mexico (194,100 MT), and unknown destinations (124,800 MT). Reductions were reported for Nicaragua (9,000 MT), Costa Rica (1,000 MT), and Taiwan (300 RB). Exports of 973,500 MT were down 11 percent from the previous week, but unchanged from the prior 4-week average. The primary destinations were Japan (328,100 MT), Mexico (245,400 MT), Colombia (108,900 MT), South Korea (74,200 MT), and China (68,800 MT). 

Optional Origin Sales The current optional origin outstanding balance for 2016/2017 of 122,000 MT is for South Korea (68,000 MT) and unknown destinations (54,000 MT). The current outstanding balance for 2017/2018 of 112,000 MT is for unknown destinations. 

Barley: No net sales were reported for the week. Exports of 500 MT were reported to Japan. 

Sorghum: Net sales reductions of 2,200 MT for 2016/2017 were reported for China. For 2017/2018, net sales of 145,500 MT were reported for unknown destinations (138,000 MT) and Japan (7,500 MT). Exports of 102,000 MT were down 39 percent from the previous week, but up 6 percent from the prior 4-week average. The destinations were China (99,300 MT) and Mexico (2,800 MT).