Market Perspectives March 28, 2014

U.S. Export Statistics

Corn:Net sales of 1,408,300 MT for 2013/14 were up 89 percent from the previous week and 49 percent from the prior four-week average. Increases were reported for Egypt (431,100 MT, including 26,100 MT switched from unknown destinations), Mexico (239,600 MT) Colombia (187,400 MT, including 62,700 MT switched from unknown destinations and decreases of 1,800 MT), South Korea (139,000 MT), Japan (110,300 MT, including 108,200 MT switched from unknown destinations and decreases of 29,100 MT), Taiwan (72,000 MT), Morocco (37,300 MT, including 20,000 MT switched from unknown destinations and 12,000 MT switched from China) and Peru (35,200 MT). Decreases were reported for unknown destinations (16,100 MT), China (9,500 MT), and Guatemala (2,900 MT). Net sales of 28,400 MT for 2014/15 were reported for unknown destinations (25,400 MT) and China (5,000 MT). Decreases were reported for Mexico (2,000 MT). Exports of 1,230,000 MT were up 33 percent from the previous week and 29 percent from the prior four-week average. The primary destinations were Mexico (353,200 MT), Japan (249,800 MT), Colombia (127,600 MT), Taiwan (79,400 MT), Venezuela (71,000 MT), and South Korea (63,100 MT). Optional Origin Sales: For 2013/14, optional origin sales totaling 68,000 MT were reported for South Korea. Outstanding optional origin sales total 123,000 MT, all South Korea.

Barley: Net sales of 200 MT for 2013/14 were reported for South Korea. Exports of 500 MT were reported to Taiwan.

Sorghum: Net sales reductions of 2,300 MT for 2013/14 resulted as increases for China (63,100 MT, including 58,000 MT switched from unknown destinations and decreases of 1,500 MT), Mexico (1,400 MT) and Hong Kong (300 MT), were more than offset by decreases for unknown destinations (67,000 MT). Exports of 125,900 MT were reported to China (125,100 MT), Mexico (500 MT) and Hong Kong (300 MT).