Market Perspectives August 24, 2017

U.S. Export Statistics

Corn: Net sales of 102,400 MT for 2016/2017 were up 64 percent from the previous week and 68 percent from the prior 4-week average. Increases were reported for Costa Rica (47,600 MT, including 27,400 MT switched from Mexico and 17,100 MT switched from unknown destinations), Japan (44,900 MT, switched from unknown destinations), Mexico (43,200 MT), Peru (26,200 MT, switched from unknown destinations), and Venezuela (20,000 MT). Reductions were reported for unknown destinations (139,000 MT) and Colombia (4,700 MT). For 2017/2018, net sales of 423,300 MT were reported primarily for unknown destinations (137,600 MT), Japan (99,600 MT), and Mexico (92,900 MT). Reductions of 11,000 MT were reported for Ireland. Exports of 725,000 MT were up 4 percent from the previous week, but down 21 percent from the prior 4-week average. The primary destinations were Mexico (278,100 MT), Japan (152,000 MT), Peru (100,300 MT), Colombia (73,200 MT), and Costa Rica (47,600 MT). 

Optional Origin Sales: The current 2016/2017, optional origin outstanding balance is 54,000 MT, all unknown destinations. For 2017/2018, the current outstanding balance is 112,000 MT, all unknown destinations. 

Barley: No net sales were reported for the week. Exports of 900 MT were reported to Japan. 

Sorghum: Net sales of 42,800 MT for 2016/2017 were up noticeably from the previous week, but down 25 percent from the prior 4-week average. Increases were reported for China (36,800 MT), Japan (15,000 MT), and Taiwan (300 MT). Reductions were reported for Mexico (9,300 MT). For 2017/2018, net sales of 138,200 MT were reported for unknown destinations (66,000 MT), China (53,000 MT), Japan (10,000 MT), and Mexico (9,200 MT). Exports of 52,600 MT were down 24 percent from the previous week and 47 percent from the prior 4-week average. The destinations were China (49,700 MT), Mexico (2,600 MT), and Taiwan (300 MT).