Market Perspectives July 20, 2017

U.S. Export Statistics

Corn: Net sales of 466,500 MT for 2016/2017 were up noticeably from the previous week and 63 percent from the prior 4-week average. Increases were reported for Japan (263,100 MT, including 89,500 MT switched from unknown destinations and decreases of 16,600 MT), Mexico (209,000 MT), Peru (52,900 MT, including 44,500 MT switched from unknown destinations), Colombia (29,100 MT), and Venezuela (23,500 MT). Reductions were reported for unknown destinations (186,700 MT), Egypt (14,600 MT), and El Salvador (12,200 MT). For 2017/2018, net sales of 212,100 MT were reported primarily for Mexico (64,000 MT), unknown destinations (50,800 MT), and Colombia (48,000 MT). Exports of 1,041,900 MT were up 18 percent from the previous week, but down 1 percent from the prior 4-week average. The primary destinations were Mexico (354,100 MT), Japan (300,600 MT), Peru (79,900 MT), South Korea (63,500 MT), and Costa Rica (62,500 MT). 

Optional Origin Sales: The current optional origin outstanding balance for 2016/2017 of 122,000 MT is for South Korea (68,000 MT) and unknown destinations (54,000 MT). The current outstanding balance for 2017/2018 of 112,000 MT is for unknown destinations. 

Barley: Net sales of 5,500 MT for 2017/2018–a marketing-year high–were up noticeably from the previous and from the prior 4-week average. Increases were reported for Japan. Exports of 200 MT were reported to Taiwan. 

Sorghum: Net sales of 57,000 MT for 2016/2017 were reported for China. For 2017/2018, net sales of 66,000 MT were reported for unknown destinations. Exports of 59,200 MT were down 43 percent from the previous week and 8 percent from the prior 4-week average. The destinations were China (58,300 MT) and Mexico (900 MT).