Market Perspectives – August 22, 2014

U.S. Export Statistics

Corn: Net sales of 99,900 MT for 2013/14 were up noticeably from the previous week, but down 15 percent from the prior four-week average. Increases reported for Egypt (112,900 MT, including 60,000 MT switched from China and 40,000 MT switched from unknown destinations), South Korea (93,500 MT, including 63,000 MT switched from unknown destinations and 20,000 MT switched from Japan), Colombia (79,500 MT, including 70,000 MT switched from unknown destinations), Mexico (55,200 MT), Japan (47,600 MT, including 78,700 MT switched from unknown destinations and decreases of 11,100 MT) and Canada (24,900 MT), were partially offset by decreases for unknown destinations (250,500 MT), China (64,400 MT), El Salvador (9,500 MT) and Morocco (2,700 MT). Net sales of 719,300 MT for 2014/15 were reported primarily for Colombia (223,300 MT), Mexico (193,600 MT), unknown destinations (161,900 MT) and Peru (98,500 MT). Exports of 1,144,300 MT were up 59 percent from the previous week and 25 percent from the prior four-week average. The primary destinations were South Korea (315,600 MT), Mexico (253,900 MT), Japan (206,200 MT), Egypt (172,900 MT), Colombia (71,500 MT), Costa Rica (37,000 MT) and Morocco (27,300 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 55,000 MT, all South Korea. 

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

Sorghum: Net sales of 7,900 MT for 2013/14 resulted as increases for China (61,900 MT, including 54,000 MT switched from unknown destinations and decreases of 4,000 MT), were partially offset by decreases for unknown destinations (54,000 MT). Net sales of 107,000 MT for 2014/15 were reported for China. Exports of 161,200 MT were reported to China.