Market Perspectives December 13, 2013

U.S. Export Statistics

Corn: Net sales of 695,400 MT for 2013/14 were up 17 percent from the previous week, but down 26 percent from the prior four-week average. Increases were reported for Mexico (519,700 MT), Japan (201,100 MT, including 93,500 MT switched from unknown destinations and decreases of 6,000 MT), China (111,700 MT, including 54,000 MT switched from unknown destinations and decreases of 9,000 MT), Peru (63,500 MT), Venezuela (50,100 MT, including 30,000 MT switched from unknown destinations) and Guatemala (14,100 MT, including 13,300 MT switched from unknown destinations and decreases of 700 MT). Decreases were reported for unknown destinations (297,900 MT) and Colombia (13,500 MT). Net sales of 109,400 MT for 2014/15 were reported for Mexico. Exports of 977,400 MT were primarily to China (370,700 MT), Mexico (278,100 MT), Japan (93,500 MT), Peru (60,100 MT) and Venezuela (49,100 MT). 

Optional Origin Sales: For 2013/14, outstanding optional origin sales total 100,000 MT, all Mexico.

Barley: Net sales of 6,700 MT were reported for Japan (6,200 MT) and Taiwan (500 MT). Exports of 6,200 MT were to Japan. 

Sorghum: Net sales of 290,300 MT for 2013/14 were for China (231,600 MT, including 55,000 MT switched from unknown destinations), Brazil (55,000 MT) and Japan (4,600 MT, including 4,000 MT switched from unknown destinations and decreases of 8,500 MT). Decreases were reported for unknown destinations (1,000 MT). Exports of 17,900 MT were to China (13,900 MT) and Japan (4,000 MT).