Home | MARKETS, TOOLS & DATA / REPORTS | Market Perspectives

Market Perspectives – June 28, 2018

Contents

  1. Chicago Board of Trade Market News
  2. CBOT December Corn Futures
  3. U.S. Weather/Crop Progress
  4. U.S. Export Statistics
  5. FOB
  6. Distiller's Dried Grains with Solubles (DDGS)
  7. Country News
  8. Ocean Freight Markets and Spread
  9. Ocean Freight Comments
  10. Interest Rates

U.S. Export Statistics

Corn: Net sales of 849,900 MT for 2017/2018 were up noticeably from the previous week and up 16 percent from the prior 4-week average. Increases were reported for South Korea (206,700 MT, including 130,000 MT switched from unknown destinations and decreases of 1,000 MT), Mexico (195,200 MT, including decreases of 3,400 MT), Japan (163,600 MT, including 58,300 MT switched from unknown destinations and decreases of 14,900 MT), Colombia (79,600 MT), and Peru (78,200 MT, including decreases of 3,500 MT). Reductions were primarily for unknown destinations (188,100 MT). For 2018/2019, net sales of 636,800 MT were reported for South Korea (132,000 MT), Japan (125,000 MT), Panama (117,000 MT), and Mexico (108,800 MT). Exports of 1,479,900 MT were down 16 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to South Korea (275,500 MT), Mexico (275,100 MT), Japan (237,800 MT), Taiwan (91,500 MT), and Tunisia (84,500 MT). 

Optional Origin Sales: For 2017/2018, the current optional origin outstanding balance of 417,000 MT is for South Korea (206,000 MT), unknown destinations (91,000 MT), Saudi Arabia (70,000 MT), and Egypt (50,000 MT). For 2018/2019, the current outstanding balance of 138,000 MT is for Saudi Arabia (70,000 MT) and South Korea (68,000 MT). 

Barley: No net sales were reported for the week. Exports of 600 MT were to Japan (500 MT) and Taiwan (100 MT).

Sorghum: There were no net sales or exports reported during the week.