Market Perspectives – July 11, 2024

U.S. Export Statistics

Corn

Net sales of 538,300 MT for 2023/2024 were up 51 percent from the previous week, but down 13 percent from the prior 4-week average. Increases primarily for Colombia (200,600 MT, including 40,000 MT switched from unknown destinations and decreases of 32,500 MT), Japan (188,300 MT, including 65,600 MT switched from unknown destinations and decreases of 2,800 MT), Mexico (177,600 MT, including 54,900 MT switched from unknown destinations and decreases of 2,800 MT), South Korea (60,800 MT, including decreases of 4,200 MT), and El Salvador (30,700 MT), were offset by reductions for unknown destinations (142,300 MT) and Panama (500 MT). Net sales of 116,500 MT for 2024/2025 primarily for Mexico (143,700 MT), Honduras (18,400 MT), Jamaica (11,200 MT), Canada (5,500 MT), and Nicaragua (2,000 MT), were offset by reductions for unknown destinations (65,000 MT). Exports of 879,100 MT were down 2 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to Mexico (353,500 MT), Japan (195,300 MT), Colombia (120,700 MT), South Korea (66,100 MT), and Costa Rica (39,700 MT).

Barley

No net sales for 2024/2025 were reported for the week. Exports of 100 MT were to South Korea.

Sorghum

Net sales of 112,300 MT for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Increases reported for China (112,400 MT), were offset by reductions for South Korea (100 MT). Exports of 56,800 MT were up 6 percent from the previous week, but down 3 percent from the prior 4-week average. The destination was China.