Market Perspectives – December 5, 2024

U.S. Export Statistics

Corn

Net sales of 1,732,400 MT for 2024/2025 were up 63 percent from the previous week and 4 percent from the prior 4-week average. Increases primarily for Mexico (392,400 MT, including decreases of 9,100 MT), Japan (357,700 MT, including 65,000 MT switched from unknown destinations and decreases of 3,300 MT), unknown destinations (283,600 MT), South Korea (212,700 MT, including 66,000 MT switched from unknown destinations and deceases of 1,700 MT), and Costa Rica (84,200 MT, including decreases of 1,500 MT), were offset by reductions for Guatemala (27,700 MT). Total net sales of 22,100 MT for 2025/2026 were for Mexico. Exports of 1,045,400 MT were up 3 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Mexico (319,000 MT), Colombia (240,500 MT), South Korea (135,900 MT), Japan (122,700 MT), and Honduras (90,900 MT).

Barley

Total net sales of 1,000 MT for 2024/2025 were for Canada. Exports of 1,000 MT were to Canada (800 MT) and South Korea (200 MT).

Sorghum

Net sales of 4,300 MT for 2024/2025 were down 96 percent from the previous week and from the prior 4-week average. Increases were reported for China (2,200 MT, including decreases of 3,500 MT), Eritrea (1,500 MT), Japan (500 MT), and the United Kingdom (100 MT). Exports of 153,700 MT were up 27 percent from the previous week and 93 percent from the prior 4-week average. The destinations were China (122,200 MT) and Eritrea (31,500 MT).