Market Perspectives – August 8, 2014

U.S. Export Statistics

Corn: Net sales of 120,900 MT for 2013/14 were down 30 percent from the previous week and 66 percent from the prior four-week average. Increases were reported for Japan (185,200 MT, including 194,700 MT switched from unknown destinations and decreases of 18,600 MT), Israel (69,000 MT, including 60,000 MT switched from unknown destinations), Mexico (61,800 MT), Colombia (42,300 MT), Peru (35,200 MT, including 30,000 MT switched from unknown destinations and decreases of 6,300 MT) and Taiwan (24,600 MT). Decreases were reported for unknown destinations (287,300 MT), Egypt (68,000 MT), Costa Rica (1,700 MT) and Nicaragua (1,300 MT). Net sales of 758,700 MT for 2014/15 were reported primarily for Colombia (237,000 MT), Mexico (186,200 MT), unknown destinations (108,200 MT), Japan (98,000 MT) and Costa Rica (62,000 MT). Exports of 1,071,700 MT were up 24 percent from the previous week and 8 percent from the prior four-week average. The primary destinations were Japan (363,200 MT), Mexico (191,300 MT), South Korea (190,300 MT), Peru (96,100 MT), Israel (69,000 MT), Colombia (56,600 MT) and Panama (19,700 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 55,000 MT, all South Korea. 

Barley: Net sales of 400 MT for 2014/15 resulted as increases for Taiwan (500 MT). Decreases were reported for South Korea (100 MT). Exports of 400 MT were reported to Taiwan. 

Sorghum: Net sales of 2,300 MT for 2013/14 resulted as increases for China (57,300 MT, including 55,000 MT switched from unknown destinations), were partially offset by decreases for unknown destinations (55,000 MT). Exports of 120,900 MT were reported to China.