Market Perspectives – July 24, 2015

U.S. Export Statistics

Corn: Net sales of 223,400 MT for delivery in 2014/15–a marketing-year low–were down 33 percent from the previous week and 54 percent from the prior four-week average. Increases were reported for Colombia (110,000 MT, including 60,000 MT switched from Panama and decreases of 300 MT), Japan (99,200 MT, including 94,600 MT switched from unknown destinations and decreases of 59,500 MT), Portugal (83,200 MT, including 77,000 MT switched from unknown destinations), Mexico (76,700 MT), South Korea (66,500 MT, including 65,000 MT switched from unknown destinations and decreases of 1,400 MT) and Egypt (65,000 MT, including 58,000 MT switched from unknown destinations). Decreases were reported for unknown destinations (321,400 MT), Panama (60,600 MT) and New Zealand (4,200 MT). Net sales of 311,400 MT for 2015/16 were reported primarily for Japan (147,300 MT) and Mexico (105,200 MT). Exports of 1,156,800 MT were up 2 percent from the previous week and 9 percent from the prior four-week average. The primary destinations were Japan (245,900 MT), Mexico (218,300 MT), South Korea (121,500 MT), Colombia (86,300 MT), Portugal (83,200 MT) and Taiwan (78,200 MT).Optional Origin Sales: For 2014/15, outstanding optional origin sales total 52,500 MT, all Egypt.

Barley: There were no sales or exports reported during the week. 

Sorghum: Net sales of 6,500 MT for 2014/15 resulted as increases for unknown destinations (58,000 MT), were partially offset by decreases for China (51,500 MT). Net sales of 105,000 MT for 2015/16 were reported for China. Exports of 116,500 MT were up 55 percent from the previous week and up noticeably from the prior four-week average. The destination was China.