Market Perspectives January 5, 2017

U.S. Export Statistics

Due to the Monday, January 2 holiday, weekly U.S. export sales will be published on Friday, January 6. Updated U.S. export sales will be published in the January 12 edition of Market Perspectives.

Corn: Net sales of 958,600 MT for 2016/2017 were down 23 percent from the previous week and 24 percent from the prior 4-week average. Increases were for Mexico (480,900 MT, including 40,000 MT switched from unknown destinations and decreases of 8,800 MT), Japan (181,500 MT, including 88,800 MT switched from unknown destinations and decreases of 5,300 MT), Peru (129,600 MT, including 45,000 MT switched from unknown destinations and decreases of 14,900 MT), Malaysia (66,300 MT), and South Korea (56,500 MT, switched from unknown destinations and decreases of 3,500 MT). Reductions were for unknown destinations (70,200 MT), Guatemala (6,400 MT), Colombia (5,700 MT), and Panama (1,500 MT). For 2017/2018, net sales of 46,200 MT were reported for Mexico (32,000 MT), Peru (13,000 MT), and Honduras (1,200 MT). Exports of 992,000 MT were up 27 percent from the previous week and 5 percent from the prior 4-week average. The primary destinations were Mexico (286,800 MT), South Korea (187,800 MT), Japan (179,800 MT), Peru (142,500 MT), and Colombia (42,000 MT).

Optional Origin Sales: For 2016/2017, the current optional origin outstanding balance of 828,000 MT is for South Korea (604,000 MT) and unknown destinations (224,000 MT). 

Barley: No net sales were reported for the week. Exports of 1,000 MT were reported to Japan (800 MT) and Vietnam (200 MT). 

Sorghum: Net sales of 30,700 MT for 2016/2017 resulted as increases for China (64,500 MT, including 58,000 MT switched from unknown destinations and decreases of 3,200 MT), Mexico (17,900 MT), and Indonesia (3,300 MT), were partially offset by reductions for unknown destinations (55,000 MT). Exports of 115,000 MT were down 57 percent from the previous week and 31 percent from the prior 4-week average. The destinations were China (108,800 MT), Mexico (5,700 MT), and Nigeria (400 MT).