Market Perspectives July 26, 2013

U.S. Export Statistics

Corn: Net sales reductions of 27,900 MT for 2012/13 resulted as increases for Japan (29,200 MT, switched from unknown destinations), Mexico (16,300 MT), Venezuela (13,000 MT), Taiwan (10,200 MT), and Guyana (2,900 MT, switched from the French West Indies), were more than offset by decreases for unknown destinations (96,200 MT), the French West Indies (3,000 MT), and Panama (800 MT). Net sales of 515,900 MT for 2013/14 were primarily for unknown destinations (319,800 MT), Mexico (94,400 MT), and Guatemala (45,000 MT). Exports of 239,900 MT were up 41 percent from the previous week and 19 percent from the prior 4-week average. The primary destinations were Japan (99,600 MT), Mexico (65,100 MT), Venezuela (48,000 MT), and Colombia (16,700 MT). Optional Origin Sales: For 2012/2013, outstanding optional origin sales total 65,000 MT, all South Korea. For 2013/2014, outstanding optional origin sales total 148,000 MT, and are for Japan (48,000 MT) and Mexico (100,000 MT).

Barley: There were no sales reported during the week. exports of 200 MT were to JAPAN.  

Sorghum: Net sales of 58,000 MT for 2012/2013 were reported for unknown destinations (55,000 MT), Mexico (2,000 MT), and China (1,000 MT). Exports of 23,200 MT were reported to Mexico. Optional Origin Sales: For 2013/2014, outstanding optional origin sales total 60,000 MT, all China.