Market Perspectives June 14, 2013

U.S. Export Statistics

Corn: Net sales of 81,500 MT for 2012/13 resulted as increases for Japan (56,700 MT, including 31,700 MT switched from unknown destinations and decreases of 4,500 MT), Venezuela (17,500 MT, including 10,500 MT switched from unknown destinations), Mexico (16,800 MT) and Jamaica (8,600 MT) were partially offset by decreases for unknown destinations (36,000 MT) and Panama (4,000 MT). Net sales of 68,000 MT for 2013/14 were for Mexico (44,600 MT), Japan (18,200 MT), China (7,800 MT), Taiwan (4,000 MT) and South Korea (600 MT). Decreases were reported for Trinidad (7,200 MT). Exports of 232,800 MT were down 35 percent from the previous week and 27 percent from the prior four-week average. The primary destinations were Japan (80,800 MT), Mexico (78,000 MT), Venezuela (51,500 MT), and Trinidad (7,700 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 Mexico. 

Barley: Net sales for the 2013/14 marketing year, which began June 1, of 100 MT were for the Philippines. There were no sales carried over from the 2012/13 marketing year, which ended May 31. There were no exports reported for the period ending May 31, which brought accumulated exports to 132,700 MT, up 59 percent from the prior year’s total of 83,300 MT. Exports for June 1-6 of 900 MT were primarily to Taiwan (600 MT) and Japan (300 MT). 

Sorghum: There were no sales or exports reported during the week. Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.