Market Perspectives – December 9, 2021

U.S. Export Statistics

Corn:  Net sales of 1,132,500 MT for 2021/2022 were up 11 percent from the previous week and 2 percent from the prior 4-week average.  Increases were primarily for Canada (258,400 MT, including decreases of 100 MT), Colombia (244,800 MT, including 50,000 MT switched from unknown destinations and decreases of 13,500 MT), China (202,100 MT, including 133,600 MT switched from unknown destinations), Mexico (65,600 MT, including decreases of 5,500 MT), and Peru (62,000 MT).  Exports of 904,600 MT were down 4 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Mexico (388,900 MT), China (136,700 MT), Canada (119,500 MT), Colombia (73,300 MT), and Honduras (62,000 MT).

Optional Origin Sales:  For 2021/2022, the current outstanding balance of 498,700 MT is for unknown destinations (429,000 MT), Italy (60,700 MT), and Saudi Arabia (9,000 MT).

Barley:  Total net sales of 400 MT for 2021/2022 were for Japan.  Exports of 500 MT were down 50 percent from the previous week, but up 72 percent from the prior 4-week average.  The destination was to Japan.

Sorghum:  Net sales of 315,100 MT for 2021/2022 resulting in increases for China (370,100 MT, including 55,000 MT switched from unknown destinations and decreases of 8,300 MT), were offset by reductions for unknown destinations (55,000 MT).  Exports of 176,700 MT were down 6 percent from the previous week, but up 46 percent from the prior 4-week average.  The destinations were primarily to China (175,500 MT).