Market Perspectives February 28, 2014

U.S. Export Statistics

Corn: Net sales of 840,800 MT for 2013/2014 were up 22 percent from the previous week, but down 39 percent from the prior four-week average. Increases were reported for Japan (178,900 MT, including 83,300 switched from unknown destinations and decreases of 56,700 MT), Colombia (139,800 MT, including 37,100 MT switched from unknown destinations and decreases of 14,600 MT), Peru (105,400 MT, including 68,000 MT switched from unknown destinations), the Dominican Republic (82,000 MT) and Egypt (68,000 MT). Decreases were reported for China (3,000 MT). Net sales of 1,500 MT for 2014/2015 were reported for Honduras. Exports of 853,100 MT were up 15 percent from the previous week, but down 1 percent from the prior four-week average. The primary destinations were Japan (285,000 MT), Mexico (186,400 MT), Peru (130,100 MT), Colombia (94,100 MT) and South Korea (56,500 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 55,000 MT, all South Korea.

Barley: Net sales of 100 MT for 2013/2014 were reported for South Korea. Net sales of 200 MT for 2014/2015 were reported for the Philippines. Exports of 300 MT were reported to South Korea.

Sorghum:  Net sales of 115,100 MT for 2013/14 were up noticeably from the previous week and 28 percent from the prior four-week average. Increases were reported for unknown destinations (114,600 MT) and China (500 MT). Exports of 4,000 MT were reported to China (2,800 MT) and Hong Kong (1,200 MT).