Market Perspectives – May 1, 2015

U.S. Export Statistics

Corn: Net sales of 832,500 MT for delivery in 2014/15 were down 4 percent from the previous week, but up 33 percent from the prior four-week average. Increases were reported for Japan (353,500 MT, including 131,700 MT switched from unknown destinations and decreases of 90,100 MT), Saudi Arabia (146,000 MT, including 136,000 MT switched from unknown destinations), Mexico (89,300 MT, including 35,800 MT switched from Colombia and decreases of 48,800 MT), South Korea (66,100 MT), Colombia (27,100 MT, including 45,000 MT switched from unknown destinations and decreases of 7,600 MT) and the Dominican Republic (26,700 MT, including 23,500 MT switched from unknown destinations). Decreases were reported for Nicaragua (400 MT). Net sales of 113,300 MT for 2015/16 were reported for Japan (100,300 MT), unknown destinations (12,400 MT) and Nicaragua (500 MT). Exports of 1,269,300 MT were up 22 percent from the previous week and 35 percent from the prior four-week average. The primary destinations were Mexico (341,000 MT), Japan (179,200 MT), Saudi Arabia (146,000 MT), South Korea (132,300 MT) and Colombia (119,500 MT).

Barley: Net sales of 6,000 MT for 2014/15 were reported for Japan. Exports of 100 MT were reported to South Korea.

Sorghum: Net sales of 6,200 MT for 2014/15 resulted as increases for China (64,200 MT, including 58,000 MT switched from unknown destinations), were partially offset by decreases for unknown destinations (58,000 MT). Net sales of 273,000 MT for 2015/16 were reported for China (218,000 MT) and unknown destinations (55,000 MT). Exports of 160,700 MT were down 26 percent from the previous week and 30 percent from the prior four-week average. The destination was China.