Market Perspectives – August 15, 2024

U.S. Export Statistics

Corn

Net sales of 120,500 MT for 2023/2024–a marketing-year low–were down 75 percent from the previous week and 66 percent from the prior 4-week average. Increases primarily for Colombia (173,900 MT, including 147,000 MT switched from unknown destinations and decreases of 4,000 MT), Portugal (51,000 MT), Honduras (42,800 MT, including decreases of 4,900 MT), Mexico (28,300 MT, including 47,000 MT switched from unknown destinations and decreases of 61,600 MT), and Japan (8,500 MT, including 60,000 MT switched from unknown destinations and decreases of 62,800 MT), were offset by reductions for unknown destinations (163,500 MT) and El Salvador (29,500 MT). Net sales of 800,500 MT for 2024/2025 were primarily for unknown destinations (345,000 MT), Mexico (257,900 MT), Costa Rica (58,600 MT), Japan (50,800 MT), and El Salvador (22,500 MT). Exports of 1,032,700 MT were down 21 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Mexico (447,600 MT), Colombia (244,900 MT), Japan (241,200 MT), Honduras (45,200 MT), and Costa Rica (44,800 MT).

Barley

No net sales or exports for 2024/2025 were reported for the week.

Sorghum

Total net sales of 3,700 MT for 2023/2024 were down 93 percent from the previous week and 95 percent from the prior 4-week average. The destination was China. Exports of 58,700 MT were down 65 percent from the previous week and 34 percent from the prior 4-week average. The destination was China.