Market Perspectives January 24, 2014

U.S. Export Statistics

Corn: Net sales of 693,000 MT for 2013/14 were down 16 percent from the previous week, but up 6 percent from the prior four-week average. Increases were reported for Egypt (244,000 MT), Taiwan (129,200 MT), Japan (116,700 MT, including 49,700 MT switched from unknown destinations), Mexico (112,700 MT) and China (75,900 MT). Decreases were reported for unknown destinations (178,400 MT) and Guatemala (8,800 MT). Exports of 799,100 MT were up 19 percent from the previous week, but down 8 percent from the prior four-week average. The primary destinations were Mexico (212,800 MT), Japan (160,700 MT), Peru (140,500 MT), South Korea (120,100 MT) and Colombia (71,200 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 64,000 MT for week ending November 21, 2013. South Korea is the new destination for these shipments and is included in this week’s report.

Barley: There were no sales or exports reported during the week. Exports of 500 MT were to Taiwan

Sorghum: Net sales of 5,500 MT for 2013/14 resulted as increases for Republic of South Africa (19,900 MT, including 18,700 MT switched from unknown destinations) and China (4,300 MT), were partially offset by decreases for unknown destinations (18,700 MT). Net sales of 290, 000 MT for 2014/2015 were reported for China (174,000 MT) and unknown destinations (116,000 MT). Exports of 34,100 MT were to Republic of South Africa (19,900 MT) and China (14,200 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.