Market Perspectives January 10, 2014

U.S. Export Statistics

Corn: Net sales of 155,300 MT for 2013/14 were up 1 percent from the previous week, but down 79 percent from the prior four-week average. Increases were reported for Japan (100,200 MT, including 63,900 MT switched from China and 35,300 MT switched from unknown destinations), Mexico (70,700 MT), South Korea (55,000 MT, switched from China) and China (6,100 MT). Decreases were reported for unknown destinations (88,300 MT). Exports of 603,300 MT were down 29 percent from the previous week and 34 percent from the prior four-week average. The primary destinations were Japan (160,200 MT), China (155,600 MT), Mexico (151,000 MT), Saudi Arabia (63,100 MT) and Colombia (36,300 MT). Optional Origin Sales: For 2013/14, options were exercised to export 70,900 MT to Mexico from the United States. Outstanding optional origin sales total 55,000 MT, all South Korea. Export Adjustments: Accumulated exports to China were adjusted down 51,373 MT for week ending December 5, 2013. Japan is the new destination for these shipments and is included in this week’s report.

Barley: Net sales of 1000 MT were reported for Taiwan. Exports of 800 MT were to Japan (400MT) and Taiwan (400MT). 

Sorghum: Net sales of 600 MT for 2013/14–a marketing-year low–were reported for Mexico. Exports of 7,900 MT were to Mexico (6,300 MT) and China (1,600 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.