Market Perspectives – July 2, 2015

U.S. Export Statistics

Corn: Net sales of 594,300 MT for delivery in 2014/15 were up 20 percent from the previous week and 14 percent from the prior four-week average. Increases were reported for Japan (162,500 MT, including 70,600 MT switched from unknown destinations and decreases of 84,700 MT), Mexico (157,700 MT), Egypt (109,100 MT, including 58,000 MT switched from unknown destinations), Colombia (66,100 MT), South Korea (61,500 MT, including 60,000 MT switched from unknown destinations and decreases of 700 MT) and Iran (59,100 MT, switched from unknown destinations). Decreases were reported for unknown destinations (246,500 MT), the Dominican Republic (16,300 MT) and Honduras (1,100 MT). Net sales of 238,900 MT for 2015/16 were reported for Mexico (137,000 MT), unknown destinations (53,800 MT), Peru (30,000 MT), Taiwan (13,000 MT) and Jamaica (4,300 MT). Exports of 1,024,900 MT were down 9 percent from the previous week, but up 4 percent from the prior four-week average. The primary destinations were Mexico (289,500 MT), Japan (163,000 MT), Egypt (120,100 MT), Iran (65,100 MT), China (60,100 MT), South Korea (59,700 MT) and Guatemala (56,300 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 52,500 MT, all Egypt. 

Barley: There were no sales reported during the week. Exports of 500 MT were reported to Taiwan (400 MT) and Canada (100 MT).

Sorghum: Net sales of 29,000 MT for 2014/15 were reported for China. Net sales of 54,000 MT for 2015/16 were reported for unknown destinations. Exports of 57,300 MT were up noticeably from the previous week, but down 16 percent from the prior four-week average. The destination was China.