Market Perspectives – February 6, 2015

U.S. Export Statistics

Corn: Net sales of 844,900 MT for 2014/15 were down 12 percent from the previous week and 22 percent from the prior four-week average. Increases were reported for Mexico (297,000 MT), Colombia (158,400 MT, including 109,000 MT switched from unknown destinations and decreases of 47,900 MT), South Korea (116,100 MT), Japan (88,200 MT, including 30,000 MT switched from unknown destinations and decreases of 4,000 MT), Egypt (66,000 MT, including 60,000 MT switched from unknown destinations), the Dominican Republic (35,500 MT) and Honduras (28,900 MT, including 26,100 MT switched from unknown destinations). Decreases were reported for unknown destinations (46,800 MT), Guatemala (10,900 MT) and China (2,000 MT). Net sales of 7,100 MT for 2015/16 were reported for Mexico (7,600 MT) and unknown destinations (900 MT). Decreases were reported for Japan (1,400 MT). Exports of 714,800 MT were down 14 percent from the previous week, but up 14 percent from the prior four-week average. The primary destinations were Japan (185,900 MT), Colombia (175,100 MT), Mexico (135,400 MT), Costa Rica (39,500 MT), El Salvador (31,000 MT) and Honduras (28,000 MT).Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. Export Adjustments: Accumulated exports to Japan were adjusted down 111,481 MT for week ending January 22, 2015. These shipments were reported twice. 

Barley: Net sales of 1,000 MT for 2014/15 were reported for Taiwan. Exports of 200 MT were reported to Taiwan.

Sorghum: Net sales of 223,600 MT for 2014/15 were down 4 percent from the previous week and 10 percent from the prior four-week average. Increases were for China (165,600 MT) and unknown destinations (58,000 MT). Net sales of 58,000 MT for 2015/16 were for unknown destinations. Exports of 80,600 MT were down 73 percent from the previous week and 52 percent from the prior four-week average. The destination was China.