Market Perspectives – January 16, 2015

U.S. Export Statistics

Corn: Net sales of 818,800 MT for 2014/15 were up noticeably from the previous week, but down 10 percent from the prior four-week average.Increases were reported for unknown destinations (374,100 MT), Mexico (190,300 MT), South Korea (136,000 MT), Algeria (45,000 MT) and Colombia (40,400 MT).Decreases were reported for the Dominican Republic (23,300 MT).Net sales of 25,200 MT for 2015/16 were for Japan (14,400 MT) and Mexico (10,800 MT). Exports of 400,200 MT were down 22 percent from the previous week and 40 percent from the prior four-week average.The primary destinations were Japan (186,700 MT), Mexico (129,900 MT), Colombia (30,700 MT), Peru (27,500 MT) and Taiwan (16,100 MT). Optional Origin Sales:For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. 

Barley: There were no net sales reported during the week.Exports of 400 MT were up noticeably from the previous week, but down 20 percent from the prior four-week average.The destination was Japan. 

Sorghum: Net sales of 274,500 MT for 2014/15 were up 50 percent from the previous week, but unchanged from the prior four-week average.Increases were for unknown destinations (171,000 MT) and China (103,500 MT).Exports of 86,700 MT were down 50 percent from the previous week and 58 percent from the prior four-week average.The destination was China.