Market Perspectives – January 30, 2015

U.S. Export Statistics

Corn: Net sales of 1,068,200 MT for 2014/15 were down 51 percent from the previous week, but unchanged from the prior four week average. Increases were reported for Japan (440,100 MT, including 228,200 MT switched from unknown destinations and decreases of 11,600 MT), Mexico (221,700 MT), South Korea (181,100 MT), Egypt (60,000 MT), Venezuela (38,000 MT, switched from unknown destinations), Morocco (33,000 MT, including 30,000 MT switched from unknown destinations) and Nicaragua (21,300 MT). Decreases were reported for unknown destinations (37,900 MT). Net sales of 16,000 MT for 2015/16 were reported for Canada (10,000 MT) and Nicaragua (6,000 MT). Exports of 942,600 MT were up 24 percent from the previous week and 61 percent from the prior four week average. The primary destinations were Japan (549,800 MT), Mexico (210,000 MT), Venezuela (58,000 MT), Morocco (33,000 MT) and Colombia (31,900 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. 

Barley: There were no net sales reported during the week. Exports of 100 MT were reported for Taiwan.

Sorghum: Net sales of 231,900 MT for 2014/15 were down 25 percent from the previous week and 2 percent from the prior four week average. Increases were for China (210,900 MT, including 116,000 MT switched unknown destinations and decreases of 13,400 MT), unknown destinations (20,000 MT) and Japan (1,000 MT). Exports of 300,700 MT were up noticeably from the previous week and from the prior four week average. The destinations were China (289,500 MT) and Japan (11,200 MT).