Market Perspectives March 3, 2016

U.S. Export Statistics

Corn: Net sales of 1,097,600 MT for 2015/2016 were up 18 percent from the previous week and 25 percent from the prior 4-week average. Increases were reported for Colombia (301,000 MT, including 37,200 MT switched from unknown destinations and decreases of 2,800 MT), Mexico (202,000 MT), Japan (183,800 MT, including 40,200 MT switched from unknown destinations and decreases of 1,500 MT), unknown destinations (111,900 MT), and Peru (81,700 MT, including 35,000 MT switched from unknown destinations and decreases of 8,000 MT). Reductions were reported for Costa Rica (7,500 MT) and Panama (7,200 MT). Exports of 789,800 MT were down 9 percent from the previous week, but up 13 percent from the prior 4-week average. The primary destinations were South Korea (206,300 MT), Mexico (182,700 MT), Japan (99,000 MT), Peru (90,500 MT), Guatemala (67,400 MT), and Colombia (60,400 MT).

Optional Origin Sales: For 2015/2016, the current outstanding balance totals 340,000 MT, all unknown destinations.

Barley: Net sales of 1,000 MT for 2015/2016 were reported for South Korea. There were no exports reported during the week.

Sorghum: Net sales of 39,000 MT for 2015/2016 were down 10 percent from the previous week and 75 percent from the prior 4-week average. Increases for China (68,000 MT) and Mexico (21,000 MT), were partially offset by reductions for unknown destinations (50,000 MT). Exports of 107,000 MT were down 51 percent from the previous week and 46 percent from prior 4-week average. The destinations were China (104,800 MT) and Mexico (2,200 MT).