Market Perspectives June 21, 2013

U.S. Export Statistics

Corn: Net sales of 133,400 MT for 2012/13 resulted as increases for Japan (132,400 MT, including 43,500 MT switched from unknown destinations), Mexico (32,600 MT), Venezuela (30,000 MT, switched from unknown destinations), Guatemala (10,400 MT, switched from unknown destinations) and El Salvador (8,500 MT, switched from unknown destinations) were partially offset by decreases for unknown destinations (72,300 MT) and Jamaica (14,500 MT). Net sales of 77,100 MT for 2013/14 were for Mexico (80,400 MT), Taiwan (4,500 MT), China (4,000 MT) and Colombia (4,000 MT). Decreases were reported for Jamaica (8,300 MT) and Panama (7,500 MT). Exports of 322,400 MT were up 39 percent from the previous week and 6 percent from the prior four-week average. The primary destinations were Mexico (118,300 MT), Japan (93,000 MT), Venezuela (48,000 MT) and Panama (30,100 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 of 700 MT resulted as increases for South Korea (900 MT) were partially offset by decreases for Japan (100 MT) and Taiwan (100 MT). Exports of 800 MT were reported to Taiwan.  

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.