Market Perspectives January 31, 2014

U.S. Export Statistics

Corn: Net sales of 1,837,900 MT for 2013/2014 were up noticeably from the previous week and from the prior 4-week average. Increases were reported for Japan (797,800 MT, including 48,500 MT switched from unknown destinations), unknown destinations (305,900 MT), Spain (270,000 MT), Egypt (120,000 MT) and South Korea (120,000 MT). Decreases were reported for the French West Indies (5,600 MT). Net sales of 105,700 MT for 2014/15 were reported for Japan. Exports of 1,004,100 MT were up 26 percent from the previous week and 38 percent from the prior four-week average. The primary destinations were Japan (381,700 MT), Mexico (230,300 MT), Colombia (94,400 MT), Peru (92,200 MT) and South Korea (60,600 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 60,000 MT for week ending November 28, 2013. Spain 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 100 MT were to Taiwan

Sorghum: Net sales of 190,900 MT for 2013/14 were up noticeably from the previous week and from the prior four-week average. Increases were reported for China (144,100 MT, including 58,000 MT switched from unknown destinations) and Japan (86,500 MT). Decreases were reported for unknown destinations (39,700 MT). Exports of 68,200 MT were to China (60,200 MT) and Japan (8,000 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.