Market Perspectives July 19, 2013

U.S. Export Statistics

Corn: Net sales of 152,900 MT for 2012/13 were down 61 percent from the previous week and 44 percent from the prior four-week average. Increases for Japan (178,000 MT, including 132,800 MT switched from unknown destinations and decreases of 5,600 MT), Venezuela (70,600 MT, including 63,600 MT switched from unknown destinations), Mexico (68,800 MT), El Salvador (5,200 MT, including 4,800 MT switched from Guatemala), and Taiwan (4,100 MT), were partially offset by decreases for unknown destinations (176,500 MT) and Guatemala (3,600 MT). Net sales of 1,590,800 MT for 2013/14 were primarily for China (1,263,000 MT), unknown destinations (212,600 MT), and Japan (61,000 MT). Exports of 407,300 MT were up 53 percent from the previous week and 49 percent from the prior four-week average. The primary destinations were Japan (174,000 MT), Venezuela (102,600 MT), Mexico (50,700 MT), and Costa Rica (27,500 MT). Optional Origin Sales: For 2012/2013, outstanding optional origin sales total 65,000 MT, all South Korea. For 2013/14, outstanding optional origin sales total 148,000 MT, and are for Japan (48,000 MT) and Mexico (100,000 MT).

Barley: Net sales of 29,000 MT for 2013/14–a marketing-year high–were reported for Libya (20,000 MT) 

and Japan (9,000 MT). Exports of 200 MT were to the Philippines

Sorghum: Net sales of 700 MT for 2012/13 were reported for China. Exports of 1,100 MT were reported to Mexico (700 MT) and China (400 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.