Market Perspectives – December 12, 2024

U.S. Export Statistics

Corn

Net sales of 946,900 MT for 2024/2025 were down 45 percent from the previous week and 32 percent from the prior 4-week average. Increases primarily for Colombia (257,900 MT, including decreases of 30,500 MT), Mexico (194,900 MT, including decreases of 5,800 MT and 44,200 MT – late), Japan (143,400 MT, including 60,000 MT switched from unknown destinations and decreases of 5,500 MT), South Korea (70,000 MT), and Taiwan (68,700 MT), were offset by reductions for Panama (23,100 MT), Nicaragua (3,000 MT), Guatemala (2,000 MT), and Morocco (1,600 MT). Exports of 1,183,400 MT–a marketing-year high–were up 13 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to Mexico (380,600 MT), Japan (268,600 MT), Colombia (159,000 MT), South Korea (129,900 MT), and Spain (66,400 MT).

Barley

Total net sales of 500 MT for 2024/2025 were for Canada. Exports of 1,000 MT were to Japan (700 MT) and Canada (300 MT).

Sorghum

Total net sales of 6,300 MT for 2024/2025 were up 46 percent from the previous week, but down 94 percent from the prior 4-week average. Exports of 74,100 MT were down 52 percent from the previous week and 27 percent from the prior 4-week average. The destination was China.