Market Perspectives – July 18, 2014

U.S. Export Statistics

Corn: Net sales of 573,700 MT for 2013/14 were up 58 percent from the previous week and up noticeably from the prior four-week average. Increases were reported for Japan (246,900 MT, including 90,300 MT switched from unknown destinations and decreases of 26,700 MT), Colombia (94,300 MT, including 40,000 MT switched from unknown destinations), Taiwan (42,900 MT), the Philippines (39,900 MT), Mexico (37,700 MT) and Morocco (30,000 MT). Decreases were reported for unknown destinations (51,400 MT). Net sales of 495,000 MT for 2014/15 were reported primarily for unknown destinations (198,900 MT), Japan (150,400 MT) and Mexico (108,200 MT). Exports of 907,900 MT were down 25 percent from the previous week and 16 percent from the prior four-week average. The primary destinations were Japan (276,300 MT), Mexico (231,200 MT), South Korea (116,400 MT), Spain (64,900 MT), Colombia (43,700 MT), Peru (32,400 MT) and Guatemala (29,300 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 55,000 MT, all South Korea. 

Barley: Net sales of 500 MT for 2014/1015 were reported for Taiwan. Exports of 300 MT were reported to South Korea. 

Sorghum: Net sales of 292,900 MT for 2013/14 were reported for China (346,400 MT, including 170,000 MT reported late) and Germany (58,000 MT), were partially offset by decreases for unknown destinations (111,400 MT). Net sales of 109,500 MT for 2014/15 were reported for Germany (58,000 MT), China (50,000 MT, reported late) and Singapore (1,500 MT) . Exports of 143,100 MT were reported to China.