Market Perspectives – July 10, 2015

U.S. Export Statistics

Corn: Net sales of 535,200 MT for delivery in 2014/15 were down 10 percent from the previous week and 3 percent from the prior four-week average. Increases were reported for Japan (171,400 MT, including 107,200 MT late reporting and decreases of 9,000 MT), South Korea (125,000 MT, switched from unknown destinations), Saudi Arabia (70,800 MT, including 66,000 MT switched from unknown destinations), China (63,800 MT, including 58,000 MT switched from unknown destinations), Egypt (52,400 MT, including 40,000 MT switched from unknown destinations) and Colombia (43,600 MT, including 27,900 MT switched from unknown destinations). Decreases were reported for unknown destinations (139,500 MT) and Mexico (17,900 MT). Net sales of 149,000 MT for 2015/16 were reported for unknown destinations (50,800 MT), Mexico (47,100 MT), Colombia (40,000 MT), Japan (10,200 MT) and Honduras (1,000 MT). Exports of 966,200 MT were down 6 percent from the previous week and 4 percent from the prior four-week average. The primary destinations were Japan (208,200 MT), Mexico (141,800 MT), Peru (83,700 MT), Taiwan (76,100 MT), Egypt (71,400 MT), Saudi Arabia (70,800 MT) and South Korea (65,100 MT).Optional Origin Sales: For 2014/15, outstanding optional origin sales total 52,500 MT, all Egypt.

Barley: Net sales of 300 MT for 2015/16 were up noticeably from the previous week. Increases were reported for Taiwan. Exports of 900 MT were reported to Taiwan.

Sorghum: There were no sales or exports reported during the week.