Market Perspectives – January 26, 2023

U.S. Export Statistics

Corn:  Net sales of 910,400 MT for 2022/2023 were down 20 percent from the previous week, but up 46 percent from the prior 4-week average. Increases primarily for Mexico (407,000 MT, including decreases of 800 MT), Colombia (209,700 MT, including decreases of 8,000 MT), unknown destinations (84,300 MT), China (71,800 MT, including 68,000 MT switched from unknown destinations), and Canada (35,400 MT, including decreases of 200 MT), were offset by reductions primarily for Honduras (31,300 MT) and Nicaragua (5,000 MT). Total net sales of 15,500 MT for 2023/2024 were for Japan. Exports of 912,600 MT were up 28 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to Mexico (393,800 MT), Japan (116,600 MT), Guatemala (108,300 MT), Saudi Arabia (73,100 MT), and China (71,500 MT).

Barley:  No net sales were reported for the week. Exports of 400 MT were to Japan.

Sorghum:  Total net sales of 70,800 MT for 2022/2023 were down 63 percent from the previous week, but up 50 percent from the prior 4-week average. The destination was China. Exports of 71,500 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were to China (70,800 MT) and Mexico (700 MT).