Market Perspectives – December 12, 2014

U.S. Export Statistics

Corn: Net sales of 962,800 MT for 2014/15 were down 18 percent from the previous week, but up 9 percent from the prior four-week average. Increases were reported for Japan (595,600 MT, including 199,400 MT switched from unknown destinations), Mexico (244,400 MT), South Korea (122,100 MT, including 62,000 MT switched from unknown destinations), Peru (83,900 MT, including 70,000 MT switched from unknown destinations), Colombia (70,300 MT, including 30,000 MT switched from unknown destinations and decreases of 2,400 MT) and Saudi Arabia (36,300 MT, including 33,000 MT switched from unknown destinations). Decreases were reported for unknown destinations (244,000 MT) and Nicaragua (1,200 MT). Exports of 678,300 MT were primarily to Japan (246,400 MT), Peru (103,900 MT), Mexico (95,000 MT), Colombia (77,000 MT), Costa Rica (38,400 MT) and Saudi Arabia (36,300 MT).Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. 

Barley: Net sales of 15,000 MT for 2014/15 were reported for Japan. Exports of 500 MT were down 99 percent from the previous week and 95 percent from the prior four-week average. The destinations were South Korea (400 MT) and Taiwan (100 MT). 

Sorghum: Net sales of 316,700 MT for 2014/15 were reported for China (200,700 MT) and unknown destinations (116,000 MT). Exports of 118,600 MT were reported primarily to China.