Market Perspectives January 21, 2016

U.S. Export Statistics

Please note: Due to the holiday on Monday, January 18, 2016 the next USDA Export Sales report will be published on Friday, January 22, 2016. Thus, the Export Sales and Exports table and corresponding text (see below) is unchanged from last week’s edition of Market Perspectives. Next week’s edition will include updated export sales data. 

Corn: Net sales of 669,200 MT for 2015/2016 were up noticeably from the previous week and 14 percent from the prior 4-week average. Increases were reported for Japan (310,200 MT, including 89,000 MT switched from unknown destinations and decreases of 7,200 MT), Mexico (145,500 MT), Colombia (119,000 MT, including 75,000 MT switched from unknown destinations and decreases of 18,500 MT), El Salvador (51,900 MT, including 11,700 MT switched from unknown destinations), Taiwan (24,000 MT), and Guatemala (23,500 MT, including 21,000 MT switched from unknown destinations). Reductions were reported for unknown destinations (33,700 MT), Costa Rica (14,000 MT), and the French West Indies (6,300 MT). Exports of 638,200 MT were up 78 percent from the previous week and 14 percent from the prior 4-week average. The primary destinations were Mexico (214,400 MT), Japan (151,600 MT), Colombia (143,500 MT), Peru (56,700 MT), Cuba (25,000 MT), and Guatemala (22,000 MT).

Optional Origin Sales: For 2015/2016, changes of destination were reported totaling 58,000 MT from unknown destinations to Japan. Options were exercised to export 58,000 MT to Japan from other than the United States. The current outstanding balance totals 398,000 MT, all unknown destinations.

Barley: There were no sales reported during the week. Exports of 200 MT were reported to Taiwan.

Sorghum: Net sales of 17,100 MT for 2015/2016 resulted as increases for China (49,100 MT, including 50,800 MT switched from unknown destinations and decreases of 8,600 MT), Japan (18,400 MT), and Mexico (500 MT), were partially offset by reductions for unknown destinations (51,000 MT). Exports of 270,900 MT were up noticeably from the previous week and up 91 percent from prior 4-week average. The destinations were China (261,100 MT, including 49,600 MT late reporting), Japan (8,400 MT), and Mexico (1,400 MT).