Market Perspectives January 17, 2014

U.S. Export Statistics

Corn: Net sales of 821,000 MT for 2013/14 were up noticeably from the previous week and 26 percent from the prior four-week average. Increases were reported for Egypt (265,500 MT), Japan (248,100 MT, including 64,900 MT switched from unknown destinations and decreases of 56,300 MT), Mexico (195,700 MT), Taiwan (63,500 MT) and South Korea (58,900 MT). Decreases were reported for China (169,800 MT) and unknown destinations (15,800 MT). Exports of 674,500 MT were up 12 percent from the previous week, but down 23 percent from the prior four-week average. The primary destinations were Japan (226,100 MT), Mexico (148,900 MT), South Korea (58,800 MT), Egypt (41,500 MT), and Colombia (34,900 MT). 

Optional Origin Sales: For 2013/14, outstanding optional origin sales total 55,000 MT, all South Korea.
Export Adjustments: Accumulated exports to China were adjusted down 58,728 MT for week ending October 31, 2013. South Korea is the new destination for these shipments and is included in this week’s report. Accumulated exports to China were adjusted down 62,001 MT for week ending November 21, 2013. Japan is the new destination for these shipments and was adjusted in the week ending November 21, 2013 report.

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

Sorghum: Net sales of 230,300 MT for 2013/14 were for China (164,800 MT), unknown destinations (58,600 MT) and Japan (6,900 MT, including 6,200 MT switched from unknown destinations). Exports of 75,300 MT were to China (60,300 MT) and Japan (15,000 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.