Market Perspectives – March 27, 2015

U.S. Export Statistics

Corn: Net sales of 435,000 MT for 2014/15 were down 13 percent from the previous week and 29 percent from the prior four-week average. Increases were reported for Japan (191,800 MT, including 122,700 MT switched from unknown destinations and decreases of 88,100 MT), Mexico (92,300 MT, including 23,000 MT switched from unknown destinations and decreases of 16,200 MT), Taiwan (87,200 MT, including 63,000 MT switched from unknown destinations), China (60,800 MT) and Saudi Arabia (54,100 MT, including 47,600 MT switched from unknown destinations). Decreases were reported for unknown destinations (336,000 MT). Net sales of 29,000 MT for 2015/16 were reported for Panama (16,900 MT), Mexico (10,700 MT) and Japan (1,400 MT). Exports of 1,065,900 MT were up 54 percent from the previous week and 4 percent from the prior four-week average. The primary destinations were Japan (310,500 MT), Mexico (295,700 MT, including 30,900 MT late reporting), Taiwan (80,000 MT), Colombia (68,900 MT), South Korea (67,900 MT), Saudi Arabia (54,100 MT) and Indonesia (32,600 MT, including 21,000 MT late reporting).Optional Origin Sales: For 2014/15, outstanding optional origin sales total 68,000 MT, all South Korea. 

Barley: Net sales of 500 MT for 2014/15 were reported for Taiwan. Net sales of 100 MT for 2015/16 were reported for Taiwan. Exports of 1,300 MT were reported to Taiwan. 

Sorghum: Net sales of 58,900 MT for 2014/15 were reported mainly for China. Net sales of 228,000 MT for 2015/16 were reported for unknown destinations. Exports of 287,600 MT were unchanged from the previous week, but up 31 percent from the prior four-week average. The destination was China.