Market Perspectives – March 13, 2015

U.S. Export Statistics

Corn: Net sales of 418,000 MT for 2014/15 were down 50 percent from the previous week and 52 percent from the prior four-week average. Increases were reported for South Korea (281,000 MT, including 208,000 MT switched from unknown destinations and 60,000 MT switched from Japan), Colombia (136,300 MT, including 24,000 MT switched from unknown destinations), Mexico (92,000 MT, including 23,000 MT switched from unknown destinations and decreases of 13,200 MT), Japan (83,000 MT, including 45,900 MT switched from unknown destinations and decreases of 8,200 MT), Morocco (47,300 MT, switched from unknown destinations) and Chile (36,600 MT, switched from unknown destinations). Decreases were reported for unknown destinations (343,300 MT). Net sales of 96,400 MT for 2015/16 were reported for New Zealand (81,400 MT) and Japan (15,000 MT). Exports of 1,165,300 MT were down 16 percent from the previous week, but up 31 percent from the prior four-week average. The primary destinations were South Korea (344,100 MT), Mexico (279,600 MT), Japan (269,800 MT, including 31,900 MT late reporting), Colombia (117,400 MT), Morocco (47,400 MT), Chile (36,600 MT) and Costa Rica (27,000 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. 

Barley: Net sales of 3,000 MT for 2014/15 were reported for Japan. Exports of 200 MT were reported to Taiwan.

Sorghum: Net sales of 218,000 MT for 2014/15 were up 20 percent from the previous week and 57 percent from the prior four-week average. Increases were for China (155,000 MT), unknown destinations (54,000 MT) and Japan (9,000 MT). Net sales of 215,000 MT for 2015/16 were reported for unknown destinations (162,000 MT) and China (53,000 MT). Exports of 59,300 MT–a marketing-year low–were down 81 percent from the previous week and 76 percent from the prior four-week average. The destination was China.