Market Perspectives July 5, 2013

U.S. Export Statistics

Corn: Net sales of 233,100 MT for 2012/13 were down 31 percent from the previous week, but up 42 percent from the prior four-week average. Increases were reported for Japan (146,600 MT, including 94,200 MT switched from unknown destinations and decreases of 2,400 MT), Venezuela (70,900 MT, including 31,900 MT switched from unknown destinations), Brazil (32,000 MT), Panama (16,100 MT) and the Dominican Republic (14,800 MT) were partially offset by decreases for unknown destinations (62,700 MT). Net sales of 81,400 MT for 2013/14 were primarily for unknown destinations (69,000 MT) and Mexico (10,800 MT). Decreases were reported for Japan (7,900 MT). Exports of 353,400 MT were up noticeably from the previous week and 33 percent from the prior four-week average. The primary destinations were Japan (240,600 MT), Mexico (60,500 MT), Venezuela (31,900 MT) and the Dominican Republic (15,800 MT). Optional Origin Sales: For 2012/13, outstanding optional origin sales total 65,000 MT, all South Korea. For 2013/14, outstanding optional origin sales total 100,000 MT, all to Mexico.

Barley: Net sales of 300 MT for 2013/14 were reported for the Philippines (200 MT) and Taiwan (100 MT). Exports of 1,100 MT were to Taiwan (700 MT) and the Philippines (400 MT).  

Sorghum: Net sales of 20,500 MT for 2012/13 were reported for Japan (18,300 MT) and China (2,200 MT). Net sales of 4,500 MT for 2013/14 were for China. Exports of 1,600 MT were reported to Mexico (1,400 MT) and China (200 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.