Market Perspectives – June 19, 2015

U.S. Export Statistics

Corn: Net sales of 627,200 MT for delivery in 2014/15 were up 27 percent from the previous week and 3 percent from the prior four-week average. Increases were reported for Japan (182,300 MT, including 111,900 MT switched from unknown destinations and decreases of 7,000 MT), Mexico (136,400 MT, including 30,000 MT switched from unknown destinations and decreases of 2,400 MT), South Korea (129,400 MT, including 130,000 MT switched from unknown destinations and decreases of 600 MT), Peru (89,400 MT, including 60,000 MT switched from unknown destinations and decreases of 400 MT), Spain (60,000 MT, switched from unknown destinations) and Egypt (52,700 MT). Decreases were reported for unknown destinations (245,100 MT) and Saudi Arabia (1,200 MT). Net sales of 200,400 MT for 2015/16 were reported for unknown destinations (155,900 MT), Mexico (30,500 MT) and El Salvador (4,500 MT). Exports of 1,044,900 MT were up 27 percent from the previous week and 6 percent from the prior four-week average. The primary destinations were Mexico (283,400 MT), Japan (272,200 MT), Saudi Arabia (78,800 MT), Peru (75,900 MT), Taiwan (74,100 MT) and South Korea (65,500 MT).

Barley: There were no sales reported during the week. Exports of 300 MT were reported to Japan (200 MT) and Canada (100 MT).

Sorghum: Net sales of 59,800 MT for 2014/15 resulted as increases for China (60,000 MT) and Japan (9,500 MT, including 9,700 MT switched from unknown destinations and decreases of 200 MT), were partially offset by decreases for unknown destinations (9,700 MT). Exports of 10,100 MT–a marketing-year low–were down 82 percent from the previous week and 92 percent from the prior four-week average. The destinations were Japan (9,500 MT) and China (600 MT).