Market Perspectives August 30, 2013

U.S. Export Statistics

Corn: Net sales reductions of 15,000 MT for 2012/13 resulted as increases for Japan (30,400 MT, including 32,300 MT switched from unknown destination and decreases of 2,000 MT), Taiwan (3,000 MT), Costa Rica (800 MT), Mexico (700 MT) and Jamaica (500 MT), were more than offset by decreases for unknown destinations (32,300 MT) and Panama (16,100 MT). Net sales of 673,800 MT for 2013/14 were primarily for Mexico (317,600 MT), Japan (138,200 MT) and Colombia (85,600 MT). Exports of 329,300 MT were up 90 percent from the previous week and 1 percent from the prior four-week average. The primary destinations were Japan (181,500 MT), Mexico (99,100 MT), Venezuela (20,000 MT) and Taiwan (9,800 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 5,100 MT were reported for Japan (3,000 MT), South Korea (1,500 MT) and Libya (600 MT). Exports of 21,100 MT were to Libya (20,600 MT), Taiwan (400 MT) and South Korea (100 MT). 

Sorghum: Net sales reductions of 1,400 MT for 2012/13 resulted as increases for Mexico (42,000 MT, including 38,100 MT switched from unknown destinations), were more than offset by decreases for unknown destinations (38,100 MT), China (4,000 MT), and Japan (1,300 MT). Net sales of 141,500 MT for 2013/14 were for China (120,500 MT) and Mexico (21,000 MT). Exports of 55,800 MT were reported to Mexico (54,800 MT) and China (1,000 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.