Market Perspectives – June 5, 2015

U.S. Export Statistics

Corn: Net sales of 464,900 MT for delivery in 2014/15 were down 29 percent from the previous week and 31 percent from the prior four-week average. Increases were reported for Japan (183,200 MT, including 38,800 MT switched from unknown destinations and decreases of 1,600 MT), Mexico (133,800 MT), Egypt (55,000 MT), China (55,000 MT, switched from unknown destinations), Colombia (42,900 MT, including 40,000 MT switched from unknown destinations and decreases of 7,300 MT) and Peru (29,700 MT). Decreases were reported for unknown destinations (162,600 MT), Guatemala (2,600 MT) and Trinidad (800 MT). Net sales reductions of 54,800 MT for 2015/16 resulted as increases for unknown destinations (25,400 MT) and Panama (800 MT), were more than offset by decreases for Japan (50,000 MT), Canada (25,000 MT) and Colombia (6,000 MT). Exports of 957,400 MT were down 11 percent from the previous week and 13 percent from the prior four-week average. The primary destinations were Mexico (351,500 MT), Japan (205,400 MT), Peru (99,000 MT), Colombia (90,200 MT), China (58,500 MT) and Costa Rica (40,100 MT).

Barley: Net sales reductions of 100 MT for 2014/15 were reported for Japan. Net sales of 100 MT for 2015/16 were reported for South Korea. Exports of 15,900 MT were reported to Japan.

Sorghum: Net sales of 24,500 MT for 2014/15 resulted as increases for China (77,500 MT, including 53,000 MT switched from unknown destinations and decreases of 3,900 MT), were partially offset by decreases for unknown destinations (53,000 MT). Exports of 206,500 MT were up 85 percent from the previous week and 27 percent from the prior four-week average. The destination was China and includes 48,000 MT late reporting.