Home | MARKETS, TOOLS & DATA / REPORTS | Market Perspectives

Market Perspectives – August 30, 2018

Contents

  1. Chicago Board of Trade Market News
  2. CBOT December Corn Futures
  3. U.S. Weather/Crop Progress
  4. U.S. Export Statistics
  5. FOB
  6. Distiller's Dried Grains with Solubles (DDGS)
  7. Country News
  8. Ocean Freight Markets and Spread
  9. Ocean Freight Comments
  10. Interest Rates

U.S. Export Statistics

Corn: Net sales of 175,400 MT for 2017/2018 were up 1 percent from the previous week, but down 46 percent from the prior 4-week average. Increases were reported for Japan (103,600 MT, including 58,500 MT switched from unknown destinations and decreases of 22,700 MT), Mexico (96,400 MT, including decreases of 6,900 MT), Taiwan (78,500 MT, including decreases 2,100 MT), Egypt (75,700 MT, including 25,000 MT switched from unknown destinations), and Saudi Arabia (73,600 MT, including 70,000 MT switched from unknown destinations). Reductions were primarily for unknown destinations (331,400 MT) and Panama (35,000 MT). For 2018/2019, net sales of 525,000 MT reported for Mexico (136,400 MT), unknown destinations (114,500 MT), and Panama (98,300 MT), were partially offset by reductions for Taiwan (1,200 MT). Exports of 1,344,400 MT were up 2 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to Japan (436,800 MT), Mexico (232,600 MT), Taiwan (155,600 MT), Peru (143,900 MT), and South Korea (129,200 MT).

Optional Origin Sales: For 2018/2019, the current outstanding balance of 965,000 MT is for South Korea (412,000 MT), unknown destinations (298,000 MT), Vietnam (130,000 MT), Saudi Arabia (70,000 MT), and Malaysia (55,000 MT).

Export Adjustments: Accumulated exports of corn to Japan were adjusted down 67,868 MT for week ending August 9th. The correct destination for this shipment was Taiwan and is included in this week’s report. Accumulated exports of corn to Mexico were adjusted down 8 MT for the week ending July 26th. This shipment was canceled.

Barley: Net sales of 500 MT for 2018/2019 were for Taiwan. Exports of 400 MT were to Japan (300 MT) and South Korea (100 MT).

Sorghum: Net sales of 500 MT for 2017/2018 resulted as increases for Spain (59,100 MT, including 60,000 MT switched from unknown destinations and decreases of 1,400 MT), Burma (1,200 MT), and Mexico (200 MT), were partially offset by reductions for unknown destinations (60,000 MT). For 2018/2019, net sales of 30,000 MT were reported for unknown destinations. Exports of 90,800 MT were primarily to Spain (89,100 MT) and China (1,100 MT).