Market Perspectives – August 31, 2023

U.S. Export Statistics

Corn:  Net sales of 71,700 MT for 2022/2023 were down noticeably from the previous week and down 39 percent from the prior 4-week average. Increases primarily for Colombia (143,400 MT, including 104,800 MT switched from unknown destinations and decreases of 28,400 MT), Spain (58,000 MT, including 53,000 MT switched from unknown destinations), Japan (53,200 MT, including 51,700 MT switched from unknown destinations), the United Kingdom (49,500 MT, including 45,000 MT switched from unknown destinations), and El Salvador (8,500 MT, including 7,500 MT switched from Guatemala), were offset by reductions for unknown destinations (196,500 MT), Mexico (25,000 MT), Honduras (23,300 MT), and Guatemala (7,500 MT). Net sales of 991,800 MT for 2023/2024 primarily for Mexico (644,000 MT), unknown destinations (111,500 MT), Japan (80,600 MT), Colombia (71,200 MT), and Panama (37,100 MT), were offset by reductions for Honduras (5,500 MT).

Exports of 663,400 MT were up 34 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to Mexico (218,900 MT), Colombia (137,300 MT), Japan (79,200 MT), Spain (58,000 MT), and the United Kingdom (49,500 MT).

Barley:  No net sales or exports were reported for the week.

Sorghum:  Net sales of 2,200 MT for 2022/2023 were down noticeably from the previous week and down 92 percent from the prior 4-week average. Increases reported for China (70,200 MT, including 68,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (68,000 MT). Total net sales of 251,000 MT for 2023/2024 were for China. Exports of 74,000 MT were up 35 percent from the previous week and 10 percent from the prior 4-week average. The destinations were to China (73,500 MT) and Mexico (500 MT).