Market Perspectives August 16, 2013

U.S. Export Statistics

Corn: Net sales reductions of 59,100 MT for 2012/2013 resulted as increases for China (62,500 MT), Mexico (28,800 MT), Guatemala (26,000 MT, including 18,700 MT switched from unknown destinations), El Salvador (11,100 MT, including 10,200 MT switched from unknown destinations) and Taiwan (9,500 MT), were more than offset by decreases for Japan (103,100 MT) and unknown destinations (100,700 MT). Net sales of 836,100 MT for 2013/14 were primarily for unknown destinations (348,000 MT), Mexico (308,800 MT) and Japan (100,000 MT). Exports of 377,400 MT were down 12 percent from the previous week, but up 7 percent from the prior four-week average. The primary destinations were Japan (212,400 MT), Mexico (93,500 MT), Guatemala (20,200 MT), and Venezuela (20,000 MT). Optional Origin Sales: For 2012/13, outstanding optional origin sales total 65,000 MT, all South Korea. For 2013/2014, outstanding optional origin sales total 148,000 MT, and are for Japan (48,000 MT) and Mexico (100,000 MT).

Barley: There were no sales reported during the week. Exports of 1,100 MT were to Taiwan (900 MT) and South Korea (200MT)

Sorghum: Net sales of 10,600 MT for 2012/13 were reported for Mexico (8,800 MT) and Japan (1,700 MT). Net sales of 3,000 MT for 2013/14 were for China. Exports of 75,000 MT were reported to Mexico (55,100 MT), Japan (19,200 MT), and China (700 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.