Market Perspectives July 27, 2017

U.S. Export Statistics

Corn: Net sales of 92,000 MT for 2016/2017–a marketing-year low–were down 80 percent from the previous week and 66 percent from the prior 4-week average. Increases were for Japan (192,700 MT, including 143,000 MT switched from unknown destinations and decreases of 42,400 MT), Mexico (57,500 MT), Colombia (12,400 MT, including 25,000 MT switched from unknown destinations, 11,300 MT switched from Panama, and decreases of 48,000 MT), El Salvador (9,000 MT, including 6,700 MT switched from Nicaragua), and Portugal (7,600 MT). Reductions were reported for unknown destinations (194,500 MT) and Nicaragua (6,700 MT). For 2017/2018, net sales of 486,600 MT were reported primarily for unknown destinations (160,000 MT), Mexico (136,400 MT), and Japan (63,000 MT). Exports of 894,300 MT were down 14 percent from the previous week and 12 percent from the prior 4-week average. The primary destinations were Japan (295,400 MT), Mexico (248,100 MT), Taiwan (79,300 MT), Portugal (72,300 MT), and Colombia (54,900 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 100 MT for 2017/2018 were down 99 percent from the previous and 95 percent from the prior 4-week average. Increases were reported for Japan. Exports of 100 MT were reported to Taiwan. 

Sorghum: Net sales of 52,000 MT for 2016/2017 were reported for (China, switched from unknown destinations). Exports of 53,900 MT were down 9 percent from the previous week and 14 percent from the prior 4-week average. The destinations were China (51,500 MT) and Mexico (2,400 MT).