Market Perspectives – July 25, 2024

U.S. Export Statistics

Corn

Net sales of 331,400 MT for 2023/2024 were down 24 percent from the previous week and 29 percent from the prior 4-week average. Increases primarily for Japan (122,400 MT, including 62,000 MT switched from unknown destinations and decreases of 700 MT), Mexico (106,900 MT, including 26,000 MT switched from unknown destinations and decreases of 3,300 MT), South Korea (81,200 MT, including 65,000 MT switched from unknown destinations), Colombia (68,800 MT, including 40,000 MT switched from unknown destinations and decreases of 6,700 MT), and Ireland (20,000 MT), were offset by reductions primarily for unknown destinations (71,300 MT), Costa Rica (27,700 MT), Honduras (8,300 MT), Guatemala (6,400 MT), and Morocco (1,000 MT). Net sales of 745,200 MT for 2024/2025 were primarily for Japan (248,000 MT), Mexico (178,900 MT), unknown destinations (151,700 MT), Colombia (50,000 MT), and Honduras (44,100 MT). Exports of 1,209,800 MT were up 10 percent from the previous week and 19 percent from the prior 4- week average. The destinations were primarily to Mexico (518,500 MT), South Korea (275,100 MT), Japan (208,400 MT), Colombia (95,800 MT), and Guatemala (31,100 MT).

Barley

No net sales or exports were reported for the week.

Sorghum

Total net sales of 1,500 MT for 2023/2024 were down 98 percent from the previous week and 97 percent from the prior 4-week average. Increases were for China. Exports of 67,500 MT were up 12 percent from the previous week and 58 percent from the prior 4-week average. The destination was China.