Market Perspectives – January 9, 2020

U.S. Export Statistics

Note: Due to a winter weather threat in Washington D.C., all federal agencies were closed by 1 PM Tuesday, January 7, 2020. Consequently, the weekly Export Sales report is delayed one day until Friday, January 10, 2020. The next weekly Export Sales report will be published Friday, January 3, 2020. Updated export statistics will be provided in next week’s Market Perspectives report. The Export Sales table from last week’s report is provided below.

Corn:  Net sales of 531,400 metric tons for 2019/2020 were down 15 percent from the previous week and 43 percent from the prior 4-week average.  Increases primarily for Mexico (237,700 MT, including decreases of 600 MT), Japan (172,100 MT, including 63,800 MT switched from unknown destinations and decreases of 300 MT), Colombia (66,600 MT, including 44,800 MT switched from unknown destinations and decreases of 1,500 MT), the Dominican Republic (22,700 MT, including decreases of 1,300 MT), and Jamaica (16,900 MT), were offset by reductions for Guatemala (1,500 MT).  For 2020/2021, total net sales of 8,600 MT were for Japan.  Exports of 447,500 MT were up 35 percent from the previous week, but down 14 percent from the prior 4-week average.  The destinations were primarily to Mexico (166,600 MT), Japan (134,700 MT), Colombia (69,200 MT), Guatemala (25,600 MT), and the Dominican Republic (13,700 MT).

Optional Origin Sales:  For 2019/2020, decreases totaling 10,000 MT were reported for Israel.  The current outstanding balance of 496,900 MT is for South Korea (388,000 MT), Israel (50,000 MT), and Egypt (58,900 MT).  

Barley: No net sales for 2019/2020 were reported for the week.  Exports of 1,300 MT were up 74 percent from the previous week and 56 percent from the prior 4-week average.  The destination was Japan.

Sorghum:  Net sales of 400 MT for 2019/2020 were reported for Mexico.  Exports of 23,900 MT were up 84 percent from the previous week and 76 percent from the prior 4-week average.  The destination was Mexico.