Market Perspectives – June 26, 2015

U.S. Export Statistics

Corn: Net sales of 496,800 MT for delivery in 2014/15 were down 21 percent from the previous week and 11 percent from the prior four-week average. Increases were reported for Japan (352,700 MT, including 102,400 MT switched from unknown destinations and decreases of 30,000 MT), South Korea (115,800 MT, including 180,000 MT switched from unknown destinations and decreases of 66,000 MT), Colombia (74,300 MT), Taiwan (73,700 MT, including 63,000 MT switched from unknown destinations), China (60,500 MT, including 55,000 MT switched from unknown destinations) and Mexico (39,200 MT). Decreases were reported for unknown destinations (287,500 MT), the French West Indies (10,000 MT) and New Zealand (5,900 MT). Net sales of 297,500 MT for 2015/16 were reported for Mexico (220,200 MT), unknown destinations (48,600 MT), Taiwan (23,000 MT), the French West Indies (5,000 MT) and Guatemala (700 MT). Exports of 1,126,000 MT were up 8 percent from the previous week and 16 percent from the prior four-week average. The primary destinations were Japan (468,700 MT), Mexico (204,700 MT), South Korea (124,600 MT), Colombia (96,000 MT), Taiwan (71,400 MT) and China (61,100 MT). Optional Origin Sales: For 2014/15, new optional origin sales totaling 52,500 MT were reported for Egypt. Outstanding optional origin sales total 52,500 MT, all Egypt.

Barley: Net sales of 100 MT for 2015/16 were reported for Japan. Exports of 500 MT were reported to Japan (400 MT) and Canada (100 MT).

Sorghum: Net sales of 100 MT for 2014/15 were reported primarily for Canada. There were no exports reported during the week.