Market Perspectives – January 23, 2015

U.S. Export Statistics

Corn: Net sales of 2,185,400 MT for 2014/15–a marketing-year high–were up noticeably from the previous week and from the prior four-week average. Increases were reported for unknown destinations (483,700 MT), Japan (426,300 MT, including 9,000 MT switched from unknown destinations and decreases of 1,000 MT), South Korea (369,800 MT, including 60,000 MT switched from unknown destinations), Taiwan (256,500 MT), Mexico (173,600 MT), Colombia (137,300 MT, including 37,900 MT switched from unknown destinations and decreases of 7,300 MT) and Iran (66,000 MT). Exports of 762,400 MT were up 91 percent from the previous week and 31 percent from the prior four-week average. The primary destinations were Colombia (261,300 MT), Mexico (216,700 MT), Peru (90,400 MT), Japan (78,900 MT) and Guatemala (45,700 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. 

Barley: Net sales of 2,400 MT for 2014/15 were reported for Japan (1,500 MT) and Taiwan (900 MT). Exports of 16,600 MT were up noticeably from the previous week and from the prior four-week average. The primary destinations were Japan (16,500 MT) and Taiwan (100 MT). 

Sorghum: Net sales of 307,700 MT for 2014/15 were up 12 percent from the previous week and 1 percent from the prior four-week average. Increases were for China (209,500 MT), unknown destinations (86,100 MT) and Japan (12,000 MT). Exports of 108,400 MT were up 25 percent from the previous week, but down 34 percent from the prior four-week average. The destination was China.