Market Perspectives June 7, 2013

U.S. Export Statistics

Corn: Net sales of 107,200 MT for 2012/13 were up 25 percent from the previous week, but down 19 percent from the prior four-week average. Increases reported for Japan (165,800 MT, including 86,700 MT switched from unknown destinations and decreases of 4,600 MT), Mexico (7,400 MT), Canada (5,400 MT) and Venezuela (5,000 MT) were partially offset by decreases for unknown destinations (77,600 MT). Net sales of 51,600 MT for 2013/14 were for Mexico. Exports of 359,800 MT were up 1 percent from the previous week and 29 percent from the prior four-week average. The primary destinations were Japan (202,700 MT), Mexico (107,300 MT), Venezuela (20,000 MT) and Jamaica (18,500 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 100 MT for 2012/13 were reported for Taiwan. Net sales of 500 MT for 2013/14 were reported for Taiwan. There were no exports reported during the week.

Sorghum: Net sales reductions of 800 MT for 2012/13 resulted as increases for Mexico (500 MT) were more than offset by decreases for Japan (1,200 MT). Exports of 33,600 MT were reported primarily to Japan (17,000 MT) and Mexico (16,500 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.