Market Perspectives – February 27, 2015

U.S. Export Statistics

Corn: Net sales of 715,800 MT for 2014/15 were down 23 percent from the previous week and from the prior four-week average. Increases were reported for Japan (287,800 MT, including 143,700 MT switched from unknown destinations, 65,000 MT switched from South Korea and decreases of 1,800 MT), Colombia (182,700 MT, including 11,000 MT switched from unknown destinations), Mexico (172,200 MT), Algeria (47,700 MT, including 45,000 MT switched from unknown destinations), Peru (31,900 MT) and Canada (11,500 MT). Decreases were reported for unknown destinations (22,900 MT), South Korea (7,300 MT) and Egypt (3,300 MT). Net sales of 148,200 MT for 2015/2016 were reported for Japan (81,500 MT), unknown destinations (50,800 MT) and Panama (15,800 MT). Exports of 865,100 MT were up 24 percent from the previous week and 21 percent from the prior four-week average. The primary destinations were Japan (252,300 MT), Taiwan (138,300 MT), Mexico (126,900 MT), South Korea (124,100 MT), Algeria (92,700 MT), Egypt (64,700 MT) and Peru (33,000 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea.

Barley: There were no sales or exports reported during the week.

Sorghum: Net sales of 3,700 MT for 2014/15–a marketing-year low–were down 90 percent from the previous week and 98 percent from the prior four-week average. Increases were for China (2,400 MT) and Japan (1,200 MT). Net sales of 50,000 MT for 2015/2016 were reported for China. Exports of 211,700 MT were down 22 percent from the previous week, but up 3 percent from the prior four-week average. The destinations were China (200,500 MT) and Japan (11,200 MT).