Market Perspectives – July 17, 2015

U.S. Export Statistics

Corn: Net sales of 331,100 MT for delivery in 2014/15–a marketing-year low–were down 38 percent from the previous week and 41 percent from the prior four-week average. Increases were reported for Saudi Arabia (98,900 MT, including 100,000 MT switched from unknown destinations and decreases of 1,100 MT), South Korea (73,300 MT, including 63,000 MT switched from unknown destinations), Japan (67,300 MT), Mexico (61,900 MT, including 30,000 MT switched from unknown destinations and decreases of 2,700 MT), China (60,000 MT, including 55,000 MT switched from unknown destinations) and Panama (48,400 MT, including 17,800 MT switched from unknown destinations). Decreases were reported for unknown destinations (138,500 MT), Canada (38,700 MT), Colombia (1,500 MT) and the Dominican Republic (1,400 MT). Net sales of 325,100 MT for 2015/16 were reported for Mexico (223,500 MT), Japan (61,000 MT), unknown destinations (27,700 MT), Taiwan (5,400 MT), El Salvador (5,000 MT) and Nicaragua (2,500 MT). Exports of 1,131,700 MT were up 17 percent from the previous week and 9 percent from the prior four-week average. The primary destinations were Japan (236,100 MT), Mexico (234,100 MT), South Korea (153,800 MT), Saudi Arabia (98,900 MT), Taiwan (73,800 MT) and China (62,100 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 52,500 MT, all Egypt.

 Barley: Net sales reductions of 100 MT for 2015/16 were down noticeably from the previous week, all Canada. Exports of 400 MT were down 61 percent from the previous week. The destinations were Taiwan (300 MT) and South Korea (100 MT).

Sorghum: Net sales of 100 MT for 2014/15 resulted as increases for China (24,100 MT, including 24,000 MT switched from unknown destinations and decreases of 900 MT), were partially offset by decreases for unknown destinations (24,000 MT). Exports of 75,200 MT were up noticeably from the previous week and from the prior four-week average. The destination was China.