Market Perspectives February 21, 2014

U.S. Export Statistics

Corn: Net sales of 691,400 MT for 2013/14 were down 46 percent from the previous week and 50 percent from the prior four-week average. Increases were reported for Japan (454,100 MT, including 156,100 MT switched from unknown destinations), Peru (99,300 MT, including 62,000 MT switched from unknown destinations), Egypt (74,800 MT, including 18,000 MT switched from unknown destinations), Venezuela (46,000 MT, including 5,000 MT switched from unknown destinations) and Guatemala (30,200 MT). Decreases were reported for unknown destinations (127,500 MT), China (18,800 MT) and the Dominican Republic (8,800 MT). Exports of 745,000 MT were down 22 percent from the previous week and 15 percent from the prior four-week average. The primary destinations were Japan (330,200 MT), Mexico (146,700 MT), Peru (99,300 MT), South Korea (60,600 MT) and Colombia (29,600 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 55,000 MT, all South Korea.

Barley: There were no net sales reported during the week. Exports of 700 MT were reported to Taiwan.

Sorghum: Net sales of 38,800 MT for 2013/14 were up noticeably from the previous week, but down 52 percent from the prior four-week average. Increases were reported for unknown destinations (37,100 MT) and China (1,700 MT). Exports of 117,700 MT were reported to China (116,900 MT) and Hong Kong (800 MT).