Market Perspectives January 7, 2016

U.S. Export Statistics

Corn: Net sales of 252,900 MT for 2015/2016 were down 64 percent from the previous week and 68 percent from the prior 4-week average.  Increases were reported for Mexico (117,800 MT), Colombia (91,600 MT, including 40,000 MT switched from unknown destinations), Peru (32,100 MT, including 29,100 MT switched from unknown destinations and decreases of 6,500 MT), unknown destinations (10,600 MT), and Canada (6,000 MT).  Reductions were reported for Panama (13,100 MT) and Japan (1,700 MT).  Exports of 357,800 MT were down 36 percent from the previous week and 39 percent from the prior 4-week average.  The primary destinations were Mexico (117,400 MT), Colombia (94,200 MT), Peru (87,600 MT), Jamaica (25,300 MT), and Japan (21,600 MT).

Optional Origin Sales:  For 2015/2016, the current outstanding balance totals 456,000 MT, all unknown destinations. 

Barley: There were no sales reported during the week.  Exports of 500 MT were reported to Japan.

Sorghum: Net sales of 174,100 MT for 2015/2016 were up 29 percent from the previous week, but down 5 percent from the prior 4-week average.  Increases were reported for China (117,600 MT), unknown destinations (54,000 MT), and Mexico (2,600 MT).  Exports of 108,500 MT were down 22 percent from the previous week and 42 percent from prior 4-week average.  The destinations were China (62,600 MT) and Mexico (45,900 MT).