Market Perspectives August 23, 2013

U.S. Export Statistics

Corn: Net sales of 58,200 MT for 2012/13 resulted as increases for Mexico (35,800 MT), Japan (18,400 MT, including 18,100 MT switched from unknown destinations), Honduras (13,500 MT, including 12,300 MT switched from unknown destinations), Venezuela (10,000 MT), and Taiwan (5,100 MT), were partially offset by decreases for unknown destinations (30,400 MT) and Canada (1,600 MT). Net sales of 434,400 MT for 2013/14 were primarily for Mexico (166,300 MT), Japan (101,600 MT), and Guatemala (59,100 MT). Exports of 173,500 MT were down 54 percent from the previous week and 50 percent from the prior 4-week average. The primary destinations were Mexico (103,600 MT), Japan (28,600 MT), Panama (15,400 MT), and Honduras (13,500 MT). Optional Origin Sales: For 2012/13, outstanding optional origin sales total 65,000 MT, all South Korea. For 2013/14, outstanding optional origin sales total 148,000 MT, and are for Mexico (100,000 MT) and Japan (48,000 MT).

Barley: Net Sales of 200 MT were reported for South Korea. There were no sales reported during the week. 

Sorghum: Net sales of 3,600 MT for 2012/13 resulted as increases for Japan (7,700 MT, including 6,100 MT switched from unknown destinations) and Mexico (2,000 MT), were partially offset by decreases for unknown destinations (6,100 MT). Net sales of 120,000 MT for 2013/14 were for China (60,000 MT) and unknown destinations (60,000 MT). Exports of 20,800 MT were reported to Japan (18,700 MT) and Mexico (2,000 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.