Market Perspectives – August 26, 2021

U.S. Export Statistics

Corn:  Net sales of 6,600 MT for 2020/2021 were down 97 percent from the previous week and 95 percent from the prior 4-week average.  Increases primarily for Mexico (132,000 MT, including decreases of 11,900 MT), Canada (46,900 MT), Guatemala (12,300 MT, including 7,500 MT switched from Nicaragua and 1,100 switched from Costa Rica, and 2,000 MT switched from El Salvador), Taiwan (9,800 MT), and Honduras (7,300 MT, including 7,500 MT switched from Nicaragua, 5,100 MT switched from El Salvador, and decreases of 5,300 MT), were offset by reductions primarily for China (135,200 MT).  For 2021/2022, net sales of 684,000 MT primarily for Mexico (492,000 MT), Japan (93,000 MT), Colombia (51,500 MT), Nicaragua (10,000 MT), and Jamaica (10,000 MT), were offset by reductions for unknown destinations (3,500 MT).

Exports of 760,500 MT were down 8 percent from the previous week and 35 percent from the prior 4-week average.  The destinations were primarily to China (340,800 MT), Mexico (265,800 MT), Nicaragua (30,100 MT), Guatemala (28,100 MT), and Venezuela (25,000 MT).

Optional Origin Sales:  For 2020/2021, the current outstanding balance of 30,500 MT is for unknown destinations.  For 2021/2022, new optional origin sales of 60,000 MT were reported for unknown destinations.  The current outstanding balance of 110,000 MT is for unknown destinations.

Barley:  Total net sales for 2021/2022 of 400 MT were for Taiwan.  Exports of 1,000 MT were up 65 percent from the previous week and up noticeably from the prior 4-week average.  The destination was to Japan.

Sorghum:  Net sales of 53,100 MT for 2020/2021 were down noticeably from the previous week and from the prior 4-week average. Increases were primarily for unknown destinations (30,000 MT) and China (16,800 MT, including decreases of 1,300 MT). Exports of 125,900 MT were up noticeably from the previous week and from the prior 4-week average. The destination was primarily to China (124,800 MT).