Market Perspectives May 09, 2014

U.S. Export Statistics

Corn: Net sales of 161,300 MT for 2013/2014 were down 83 percent from the previous week and 77 percent from the prior 4-week average. Increases were reported for Japan (212,600 MT, including 150,000 MT switched from China and 49,700 MT switched from unknown destinations and decreases of 27,500 MT), Colombia (102,200 MT, including 100,000 MT switched from unknown destinations), Taiwan (82,800 MT, including 65,000 MT switched from unknown destinations and decreases of 2,600 MT), Spain (57,000 MT, including 55,000 MT switched from unknown destinations), Mexico (28,200 MT), and the Dominican Republic (23,600 MT, including 8,000 MT switched from unknown destinations). Decreases were reported for China (210,000 MT), unknown destinations (116,800 MT), Costa Rica (37,200 MT), and Egypt (17,200 MT). Net sales of 121,000 MT for 2014/2015 were reported for unknown destinations (65,000 MT), Costa Rica (37,900 MT), Colombia (10,000 MT), and Guatemala (8,100 MT). Exports of 1,415,100 MT were up 16 percent from the previous week and 11 percent from the prior 4-week average. The primary destinations were Japan (507,200 MT), Mexico (220,800 MT), South Korea (140,100 MT), Taiwan (135,000 MT), Egypt (118,800 MT), Vietnam (63,000 MT), and Spain (57,000 MT). Optional Origin Sales: For 2013/2014, outstanding optional origin sales total 123,000 MT, all South Korea. Export Adjustments: Accumulated exports to China were adjusted down 47,272 MT for week ending March 6, 2014. The correct destination for this shipment is Japan and is included in this report.

Barley: Net sales of 200 MT for 2013/2014 were reported for South Korea. Net sales of 1,000 MT for 2014/2015 were reported for Taiwan. Exports of 400 MT were reported to South Korea.

Sorghum: Net sales of 65,500 MT for 2013/2014 were reported for China. Exports of 87,400 MT were reported to China. Export Adjustments: Accumulated exports to China were adjusted down 118,527 MT for week ending April 24, 2014. These shipments were previously reported.