Market Perspectives December 10, 2015

U.S. Export Statistics

Corn: Net sales of 1,095,300 MT for 2015/2016 were up noticeably from the previous week and 11 percent from the prior 4-week average. Increases were reported for unknown destinations (380,200 MT), Mexico (303,300 MT), Colombia (130,100 MT, including 38,000 MT switched from unknown destinations and decreases of 2,300 MT), South Korea (125,300 MT), Japan (66,000 MT), Peru (64,900 MT), and Honduras (19,400 MT, including 7,700 MT switched from unknown destinations and decreases of 1,100 MT). Reductions were reported for Costa Rica (2,000 MT), Nicaragua (1,800 MT), and Barbados (800 MT). Net sales of 1,800 MT for 2016/2017 were reported for Nicaragua. Exports of 549,800 MT were up 47 percent from the previous week and 41 percent from the prior 4-week average. The primary destinations were Mexico (250,500 MT), Japan (126,000 MT), Colombia (72,700 MT), Peru (27,500 MT), Jamaica (17,900 MT), and El Salvador (14,600 MT).

Optional Origin Sales: For 2015/2016, the current outstanding balance is 511,000 MT, all unknown destinations.

Barley: There were no sales reported during the week. Exports of 100 MT were reported to South Korea.

Sorghum: Net sales of 103,600 MT for 2015/2016 resulted as increases for China (156,900 MT, including 108,500 MT switched from unknown destinations and decreases of 2,700 MT) and the Republic of South Africa (7,200 MT, including 6,500 MT switched from unknown destinations), were partially offset by reductions for unknown destinations (60,500 MT). Exports of 283,100 MT were up 64 percent from the previous week and 46 percent from prior 4-week average. The destinations were China (262,500 MT), Mexico (12,800 MT), the Republic of South Africa (7,200 MT), and Indonesia (600 MT).