Market Perspectives August 28, 2015

U.S. Export Statistics

Corn: Net sales reductions of 131,800 MT for delivery in 2014/2015–a marketing-year low–were down noticeably from previous week and from the prior 4-week average.  Increases reported for Japan (58,700 MT), Mexico (47,000 MT), Panama (24,200 MT, switched from Colombia), Taiwan (6,600 MT), and Peru (3,300 MT), were more than offset by decreases for unknown destinations (246,400 MT), Colombia (24,100 MT), Canada (1,600 MT), Venezuela (1,200 MT), and Costa Rica (1,200 MT).  Net sales of 986,600 MT for 2015/2016 were reported primarily for Mexico (387,600 MT), unknown destinations (343,800 MT), Japan (89,000 MT), Colombia (64,900 MT), and Taiwan (47,000 MT).  Exports of 820,600 MT were down 11 percent from the previous week and 14 percent from the prior 4-week average. The primary destinations were Japan (269,500 MT), Mexico (200,000 MT), Venezuela (79,800 MT), Colombia (71,000 MT), South Korea (63,100 MT), Canada (45,800 MT), and Costa Rica (26,500 MT).

Barley: There were no sales reported during the week. Exports of 200 MT were reported to Taiwan.

Sorghum: Net sales of 49,000 MT for 2014/2015 were reported for China (165,000 MT, including 116,000 MT switched from unknown destinations).  Decreases were reported for unknown destinations (116,000 MT).  Net sales reductions of 45,900 MT for 2015/2016 resulted as increases for Japan (4,100 MT), were more than offset by decrease for China (50,000 MT).  Exports of 165,000 MT were up 47 percent from the previous week, but down 11 percent from the prior 4-week average.  The destination was China.