Market Perspectives July 12, 2013

U.S. Export Statistics

Corn: Net sales of 392,000 MT for 2012/13 were up 68 percent from the previous week and up noticeably from the prior four-week average. Increases for Japan (178,500 MT), Mexico (115,100 MT), Venezuela (58,000 MT, including 32,000 MT switched from Brazil), Taiwan (32,200 MT), Colombia (15,100 MT), and unknown destinations (14,600 MT), were partially offset by decreases for Brazil (32,000 MT). Net sales of 657,800 MT for 2013/14 were primarily for Mexico (352,300 MT), unknown destinations (158,000 MT), and China (122,500 MT). Exports of 265,800 MT were down 25 percent from the previous week, but unchanged from the prior four-week average. The primary destinations were Mexico (117,500 MT), Japan (87,000 MT), Venezuela (26,000 MT), and Jamaica (15,700 MT). Optional Origin Sales: For 2012/13, outstanding optional origin sales total 65,000 MT, all South Korea. For 2013/14, optional origin sales totaling 48,000 MT were reported for Japan. Outstanding optional origin sales total 148,000 MT, and are for Japan (48,000 MT) and Mexico (100,000 MT).

Barley: Net sales of 1,000 MT were reported for the Philippines. Exports of 100 MT were to Taiwan.  

Sorghum: Net sales reductions of 6,400 MT for 2012/13 were reported for Mexico. Net sales of 9,500 MT for 2013/14 were for China (9,000 MT) and Taiwan (500 MT). Exports of 2,800 MT were reported to Mexico (2,700 MT) and China (100 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.