Market Perspectives August 7, 2015

U.S. Export Statistics

Corn: Net sales reductions of 2,700 MT–a marketing-year low–for delivery in 2014/15 were down noticeably from previous week and from the prior four-week average. Increases were reported for Mexico (129,300 MT), South Korea (72,700 MT, including 63,000 MT switched from unknown destinations and decreases of 3,600 MT), Venezuela (58,000 MT), Japan (48,000 MT, including 73,700 MT switched from unknown destinations and decreases of 59,400 MT) and Panama (15,100 MT, including 14,400 MT switched from unknown destinations). Decreases were reported for unknown destinations (228,200 MT) and Taiwan (126,700 MT). Net sales of 277,000 MT for 2015/16 were reported primarily for unknown destinations (131,300 MT), Mexico (105,300 MT) and Colombia (30,500 MT). Exports of 1,005,000 MT were down 6 percent from the previous week and 7 percent from the prior four-week average. The primary destinations were Japan (319,100 MT), Mexico (312,700 MT), South Korea (119,600 MT), Colombia (76,000 MT), Costa Rica (44,700 MT) and Guatemala (27,700 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 52,500 MT, all Egypt.

Barley: Net sales of 15,000 MT for 2015/16 were reported for Morocco. There were no exports reported during the week.  

Sorghum: Net sales of 56,800 MT for 2014/15 resulted as increases for China (110,800 MT, including 54,000 MT switched from unknown destinations and decreases of 7,100 MT), were partially offset by decreases for unknown destinations (54,000 MT). Net sales of 223,000 MT for 2015/16 were reported for China (169,000 MT) and unknown destinations (54,000 MT). Exports of 283,300 MT were up 73 percent from the previous week and up noticeably from the prior four-week average. The destination was China.