Market Perspectives – January 9, 2015

U.S. Export Statistics

Corn: Net sales of 387,600 MT for 2014/15–a marketing-year low–were down 57 percent from the previous week and 63 percent from the prior four-week average. Increases were reported for Mexico (251,300 MT), Colombia (63,400 MT), Japan (50,100 MT, switched from unknown destinations), Honduras (37,500 MT, including 17,800 MT switched from unknown destinations), Peru (27,400 MT, including 30,000 MT switched from unknown destinations and decreases of 3,000 MT) and El Salvador (22,000 MT). Decreases were reported for unknown destinations (101,800 MT). Net sales of 210,000 MT for 2015/16 were for Japan. Exports of 510,400 MT were down 24 percent from the previous week and 28 percent from the prior four-week average. The primary destinations were Colombia (118,900 MT), Japan (107,900 MT), Mexico (98,400 MT), Peru (90,400 MT), Taiwan (32,900 MT) and New Zealand (19,600 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 200 MT were down 69 percent from the previous week and 72 percent from the prior four-week average. The destination was Taiwan. 

Sorghum: Net sales of 182,700 MT for 2014/15 resulted as increases for China (240,700 MT, including 58,000 MT switched from unknown destinations and decreases of 1,200 MT), were partially offset by decreases for unknown destinations (58,000 MT). Exports of 172,800 MT were up noticeably from the previous week, but down 9 percent from the prior four-week average. The destination was China.