Market Perspectives August 14, 2015

U.S. Export Statistics

Corn: Net sales of 29,200 MT for delivery in 2014/2015 were down noticeably from previous week and 87 percent from the prior 4-week average.  Increases reported for South Korea (108,400 MT, including 105,900 MT switched from unknown destinations and decreases of 6,300 MT), Egypt (67,200 MT, including 53,000 MT switched from unknown destinations), Venezuela (53,000 MT), Colombia (45,200 MT, including 31,600 MT switched from unknown destinations), and Honduras (33,600 MT, including 14,100 MT switched from unknown destinations), were partially offset by decreases for unknown destinations (282,200 MT) and Taiwan (115,800 MT).  Net sales of 501,900 MT for 2015/2016 were reported primarily for unknown destinations (206,300 MT), Mexico (157,500 MT), Japan (40,600 MT), and Costa Rica (39,800 MT).  Exports of 840,600 MT were down 16 percent from the previous week and 23 percent from the prior 4-week average.  The primary destinations were Mexico (218,800 MT), Japan (130,900 MT), Egypt (111,200 MT), South Korea (108,300 MT), Peru (58,000 MT), and Colombia (43,600 MT).

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

Sorghum: Net sales reductions of 61,900 MT for 2014/2015 were reported for China (50,100 MT, including 112,000 MT switched from unknown destinations and decreases of 66,000 MT).  Decreases were reported for unknown destinations (112,000 MT).  Net sales of 166,500 MT for 2015/2016 were reported for China (114,000 MT) and unknown destinations (52,500 MT).  Exports of 180,900 MT were down 36 percent from the previous week, but up 13 percent from the prior 4-week average.  The destination was China.