Market Perspectives – August 19, 2021

U.S. Export Statistics

Corn:  Net sales of 216,500 MT for 2020/2021 were down 43 percent from the previous week, but up noticeably from the prior 4-week average.  Increases reported for Mexico (190,100 MT, including decreases of 22,900 MT), Canada (62,300 MT), El Salvador (24,000 MT, including 23,000 MT switched from Guatemala and decreases of 200 MT), Honduras (5,800 MT, including decreases of 4,500 MT), and China (2,900 MT), were offset by reductions for unknown destinations (32,700 MT), Guatemala (20,300 MT), and Japan (15,600 MT).  For 2021/2022, net sales of 510,000 MT primarily for Mexico (307,500 MT), Colombia (88,800 MT), Japan (50,000 MT), unknown destinations (50,000 MT), and Honduras (5,500 MT), were offset by reductions for Guatemala (3,900 MT).

Exports of 829,200 MT were down 22 percent from the previous week and 31 percent from the prior 4-week average.  The destinations were primarily to Mexico (292,400 MT), China (274,900 MT), Japan (149,400 MT), Guatemala (54,600 MT), and El Salvador (26,400 MT).

Optional Origin Sales:  For 2020/2021, the current outstanding balance of 30,500 MT is for unknown destinations.  For 2021/2022, the current outstanding balance of 50,000 MT is for unknown destinations.

Barley:  Total net sales reductions for 2021/2022 of 100 MT were for Canada.  Exports of 600 MT were unchanged from the previous week, but up noticeably from the prior 4-week average.  The destinations were to Japan (500 MT) and South Korea (100 MT).

Sorghum:  Net sales reductions of 108,200 MT for 2020/2021 resulting increases for Mexico (6,500 MT), were more than offset by reductions for unknown destinations (110,000 MT) and China (4,700 MT).  Exports of 50,500 MT were down 30 percent from the previous week and 20 percent from the prior 4-week average.  The destination was primarily to China (50,400 MT).