Market Perspectives – August 29, 2014

U.S. Export Statistics

Corn: Net sales reductions of 32,700 MT for 2013/14 were down noticeably from the previous week and from the prior four-week average. Increases reported for Japan (88,400 MT, including 94,800 MT switched from unknown destinations and decreases of 7,300 MT), Colombia (62,100 MT, including 30,000 MT switched from unknown destinations and decreases of 3,000 MT), Canada (18,200 MT), Mexico (14,900 MT) and Jamaica (8,600 MT), were more than offset by decreases for unknown destinations (172,900 MT), South Korea (48,800 MT), Taiwan (9,900 MT), Costa Rica (1,400 MT), El Salvador (1,300 MT) and the Dominican Republic (1,200 MT). Net sales of 695,600 MT for 2014/15 were reported primarily for Colombia (140,900 MT), South Korea (125,000 MT), Costa Rica (120,500 MT) and Peru (81,800 MT). Exports of 1,002,700 MT were down 10 percent from the previous week, but up 6 percent from the prior four-week average. The primary destinations were Japan (278,900 MT), Mexico (262,200 MT), South Korea (224,500 MT), Colombia (65,100 MT), Peru (46,000 MT), the Philippines (43,400 MT) and Canada (28,300 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 55,000 MT, all South Korea. Export Adjustments: Accumulated exports to Mexico were adjusted down 29,700 MT for week ending August 21, 2014, because this shipment was reported twice. 

Barley: Net sales of 600 MT were reported for Taiwan. Exports of 3,200 MT were reported to Taiwan. 

Sorghum: Net sales reductions of 8,900 MT for 2013/14 resulted as increases for China (46,100 MT, including 55,000 MT switched from unknown destinations and decreases of 8,900 MT), were more than offset by decreases for unknown destinations (55,000 MT). Net sales of 219,000 MT for 2014/15 were reported for China (216,000 MT) and unknown destinations (3,000 MT). Exports of 163,400 MT were reported to China.