Market Perspectives December 3, 2015

U.S. Export Statistics

Corn: Net sales of 499,400 MT for 2015/2016 were down 76 percent from the previous week and 50 percent from the prior 4-week average. Increases were reported for Mexico (216,900 MT), Japan (190,900 MT, including 47,600 MT switched from unknown destinations and decreases of 4,200 MT), Guatemala (30,800 MT, including 16,200 MT switched from unknown destinations and 2,100 MT switched from Nicaragua), Colombia (29,200 MT), Honduras (15,700 MT, including 13,500 MT switched from unknown destinations), and El Salvador (12,700 MT, including 11,700 MT switched from unknown destinations and 700 MT switched from Nicaragua). Reductions were reported for unknown destinations (8,500 MT) and Nicaragua (2,800 MT). Exports of 373,800 MT were down 30 percent from the previous week and 11 percent from the prior 4-week average. The primary destinations were Japan (114,700 MT), Mexico (102,900 MT), Peru (33,300 MT), Honduras (30,100 MT), Guatemala (27,700 MT), and Colombia (19,700 MT). 

Optional Origin Sales: For 2015/2016, new optional origin sales totaling 116,000 MT were reported for unknown destinations. The current outstanding balance is 511,000 MT, all unknown destinations.

Barley: There were no sales reported during the week. Exports of 100 MT were reported to Taiwan.

Sorghum: Net sales of 109,700 MT for 2015/2016 resulted as increases for China (216,200 MT, including 106,500 MT switched from unknown destinations and decreases of 5,400 MT), were partially offset by reductions for unknown destinations (106,500 MT). Exports of 172,800 MT were up 6 percent from the previous week, but down 17 percent from prior 4-week average. The destinations were China (158,000 MT) and Mexico (14,800 MT).