Market Perspectives – July 31, 2015

U.S. Export Statistics

Corn: Net sales of 364,900 MT for delivery in 2014/15 were up 63 percent from the previous week, but down 13 percent from the prior four-week average. Increases were reported for Japan (362,200 MT, including 235,900 MT switched from unknown destinations and decreases of 54,400 MT), Colombia (90,000 MT, including 30,000 MT switched from unknown destinations and decreases of 2,500 MT), Egypt (22,900 MT, including 21,000 MT switched from unknown destinations), Guatemala (22,800 MT, including 18,900 MT switched from unknown destinations), Ireland (20,000 MT) and Mexico (15,100 MT). Decreases were reported for unknown destinations (226,900 MT) and the French West Indies (7,000 MT). Net sales of 443,300 MT for 2015/16 were reported primarily for Mexico (279,500 MT), unknown destinations (70,600 MT), Japan (60,000 MT) and Guatemala (15,000 MT). Decreases were reported for Taiwan (10,000 MT). Exports of 1,072,700 MT were down 7 percent from the previous week, but down unchanged from the prior four-week average. The primary destinations were Japan (494,900 MT), Mexico (163,500 MT), South Korea (129,300 MT), Saudi Arabia (73,600 MT), Colombia (68,500 MT) and Peru (24,800 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 52,500 MT, all Egypt. 

Barley: Net sales of 100 MT for 2015/16 were reported for South Korea. There were no exports reported during the week.

Sorghum: Net sales of 107,200 MT for 2014/15 were reported for China (104,200 MT, including 58,000 MT switched from unknown destinations and decreases of 3,300 MT) and unknown destinations (3,000 MT). Net sales of 108,000 MT for 2015/16 were reported for unknown destinations (58,000 MT) and China (50,000 MT). Exports of 163,700 MT were up 41 percent from the previous week and up noticeably from the prior four-week average. The destination was China.