Market Perspectives January 28, 2016

U.S. Export Statistics

Please note: Due to the weather-related temporary closure of the Federal government earlier this week, USDA’s next Export Sales report will be released on Friday, January 29, 2016. The table (see above) and the following text reflect the week of January 14, 2016.

Corn: Net sales of 1,157,700 MT for 2015/2016 were up 73 percent from the previous week and 91 percent from the prior 4-week average. Increases were reported for Mexico (466,900 MT), unknown destinations (255,600 MT), Saudi Arabia (146,500 MT, including 70,000 MT switched from unknown destinations), South Korea (138,000 MT), Japan (61,200 MT), and Colombia (59,600 MT). Net sales of 189,000 MT for 2016/2017 were reported for Mexico (180,000 MT) and Japan (9,000 MT). Exports of 571,600 MT were down 10 percent from the previous week and 4 percent from the prior 4-week average. The primary destinations were Mexico (298,400 MT), Japan (125,100 MT), Saudi Arabia (76,500 MT), Colombia (22,900 MT), El Salvador (21,100 MT), Peru (11,000 MT), and Taiwan (6,600 MT).

Optional Origin Sales: For 2015/2016, 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 210,700 MT for 2015/2016 were reported for unknown destinations (162,500 MT), China (48,200 MT, including 48,800 MT switched from unknown destinations and decreases of 700 MT), and Mexico (100 MT). Exports of 105,700 MT were down 61 percent from the previous week and 46 percent from prior 4-week average. The destinations were China (103,000 MT, including 53,300 MT late reporting) and Mexico (2,700 MT).