Market Perspectives December 17, 2015

U.S. Export Statistics

Corn: Net sales of 579,400 MT for 2015/2016 were down 44 percent from the previous week and 47 percent from the prior 4-week average. Increases were reported for unknown destinations (172,100 MT), Colombia (131,500 MT, including 25,000 MT switched from unknown destinations and decreases of 3,200 MT), Japan (99,000 MT, including 3,600 MT switched from unknown destinations and decreases of 9,500 MT), South Korea (65,000 MT), Peru (35,600 MT), Mexico (32,200 MT), and Cuba (25,000 MT). Reductions were reported for Guatemala (7,000 MT) and the French West Indies (1,700 MT). Net sales of 98,200 MT for 2016/2017 were reported for Japan (97,200 MT) and Nicaragua (1,000 MT). Exports of 495,000 MT were up 2 percent from the previous week and 11 percent from the prior 4-week average. The primary destinations were Mexico (194,300 MT), Japan (105,500 MT), Colombia (96,600 MT), Peru (66,200 MT), Nicaragua (12,800 MT), and Taiwan (8,900 MT).

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

Export Adjustments: Accumulated exports to Japan were adjusted down 62,993 MT for the week ending December 3rd. This shipment was reported twice. 

Barley: There were no sales reported during the week. Exports of 400 MT were reported to Israel (300 MT) and South Korea (100 MT). 

Sorghum: Net sales of 168,500 MT for 2015/2016 were up 63 percent from the previous week, but down 11 percent from the prior 4-week average. Increases were reported for China (106,000 MT), unknown destinations (51,500 MT), and Mexico (11,000 MT). Exports of 58,900 MT were down 79 percent from the previous week and 74 percent from prior 4-week average. The destinations were China (58,600 MT) and Mexico (300 MT).