Market Perspectives – March 20, 2015

U.S. Export Statistics

Corn: Net sales of 502,300 MT for 2014/15 were up 20 percent from the previous week, but down 31 percent from the prior four-week average. Increases were reported for Japan (243,100 MT, including 90,200 MT switched from unknown destinations and decreases of 27,500 MT), Colombia (108,300 MT), Mexico (69,100 MT), Taiwan (60,400 MT, including 60,000 MT switched from unknown destinations and decreases of 200 MT), Peru (57,900 MT) and Morocco (44,800 MT, including 45,000 MT switched from unknown destinations and decreases of 200 MT). Decreases were reported for unknown destinations (132,700 MT) and Egypt (4,800 MT). Net sales of 64,800 MT for 2015/16 were reported for unknown destinations (38,200 MT), Mexico (13,500 MT), Colombia (6,000 MT), Guatemala (5,900 MT) and Honduras (1,200 MT). Exports of 692,700 MT were down 41 percent from the previous week and 33 percent from the prior four-week average. The primary destinations were Japan (163,400 MT), South Korea (133,000 MT), Mexico (92,800 MT), Taiwan (72,200 MT), Colombia (61,000 MT), Egypt (55,200 MT) and Morocco (44,800 MT). Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. 

Barley: Net sales reductions of 3,100 MT for 2014/15 were reported for Japan. Net sales of 3,100 MT for 2015/16 were reported for Japan. Exports of 300 MT were reported to Taiwan (200 MT) and Canada (100 MT).

Sorghum: Net sales of 181,800 MT resulted as increases for China (297,700 MT, including 116,000 MT switched from unknown destinations) and Japan (8,200 MT, including 8,100 MT switched from unknown destinations), were partially offset by decreases for unknown destinations (124,100 MT). Net sales of 166,300 MT for 2015/16 were reported for China (107,300 MT) and unknown destinations (59,000 MT). Exports of 289,200 MT were up noticeably from the previous week and 34 percent from the prior four-week average. The destinations were China (281,000 MT) and Japan (8,200 MT).