Market Perspectives February 4, 2016

U.S. Export Statistics

Corn: Net sales of 1,129,100 MT for 2015/2016 were up 38 percent from the previous week and 56 percent from the prior 4-week average. Increases were reported for Mexico (301,400 MT), Colombia (248,300 MT, including 77,500 MT switched from unknown destinations and decreases of 200 MT), Japan (209,300 MT, including 39,600 MT switched from unknown destinations and decreases of 200 MT), South Korea (66,100 MT, including 63,000 MT switched from unknown destinations and decreases of 200 MT), Egypt (64,700 MT, including 60,000 MT switched from unknown destinations), and Peru (63,500 MT). Net sales of 14,400 MT for 2016/2017 for Japan (10,200 MT) and Mexico (5,000 MT), were partially offset by reductions for Nicaragua (800 MT). Exports of 660,700 MT were up 2 percent from the previous week and 19 percent from the prior 4-week average. The primary destinations were Mexico (195,600 MT), Colombia (155,700 MT), South Korea (67,300 MT), Japan (64,700 MT), Egypt (64,700 MT), Peru (38,500 MT), and Guatemala (26,700 MT).

Optional Origin Sales: For 2015/2016, the current outstanding balance totals 398,000 MT, all unknown destinations.

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

Sorghum: Net sales of 187,000 MT for 2015/2016 were reported for China (112,300 MT), unknown destinations (61,300 MT), and Mexico (13,500 MT). Exports of 165,600 MT were up 65 percent from the previous week and 13 percent from prior 4-week average. The destinations were China (162,200 MT) and Mexico (3,300 MT).