Market Perspectives December 20, 2013

U.S. Export Statistics

Corn: Net sales of 827,100 MT for 2013/14 were up 19 percent from the previous week and 2 percent from the prior four-week average. Increases were reported for unknown destinations (238,700 MT), Mexico (135,100 MT), China (124,000 MT, including 180,000 MT switched from unknown destinations, 60,000 MT switched to South Korea and decreases of 4,700 MT), Taiwan (99,300 MT), South Korea (62,400 MT, including 60,000 MT switched from China) and the Dominican Republic (59,000 MT). Decreases were reported for Guatemala (10,100 MT). Net sales of 45,200 MT for 2014/15 were reported for Japan. Exports of 693,400 MT were down 29 percent from the previous week and 20 percent from the prior four-week average. The primary destinations were China (245,500 MT), Mexico (115,700 MT), Colombia (88,100 MT), South Korea (63,000 MT), Japan (54,700 MT) and Peru (45,800 MT). Optional Origin Sales: For 2013/14, new optional origin sales totaling 55,000 MT were reported to South Korea. Outstanding optional origin sales total 155,000 MT, and are for Mexico (100,000 MT) and South Korea (55,000 MT)

Barley: Net sales of 500 MT were reported for Taiwan. Exports of 400 MT were to Taiwan (200MT. 

Sorghum: Net sales of 72,000 MT for 2013/14 were down 75 percent from the previous week and 60 percent from the prior 4-week average. Increases were reported for China (120,900 MT) and Japan (8,500 MT, switched from unknown destinations). Decreases were reported for Brazil (55,000 MT) and unknown destinations (2,400 MT). Exports of 12,300 MT were to Japan (8,500 MT) and China (3,700 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.