Market Perspectives – May 22, 2015

U.S. Export Statistics

Corn: Net sales of 812,600 MT for delivery in 2014/15 were up noticeably from the previous week and 12 percent from the prior four-week average. Increases were reported for Japan (455,900 MT, including 107,800 MT switched from unknown destinations and decreases of 71,000 MT), Colombia (117,000 MT, including 65,000 MT switched from unknown destinations, 50,000 MT switched from Panama and decreases of 7,900 MT), South Korea (112,500 MT, including 80,000 MT switched from unknown destinations), Taiwan (57,000 MT), Mexico (42,200 MT) and Peru (39,000 MT). Decreases were reported for unknown destinations (52,500 MT), Panama (50,000 MT) and China (900 MT). Net sales of 80,700 MT for 2015/16 were reported for China (58,000 MT), Mexico (13,700 MT), El Salvador (8,000 MT) and unknown destinations (1,000 MT). Exports of 1,079,500 MT were down 3 percent from the previous week and 5 percent from the prior four-week average. The primary destinations were Mexico (267,800 MT), Japan (229,900 MT), Colombia (214,300 MT), Taiwan (133,600 MT), South Korea (91,000 MT) and Saudi Arabia (75,500 MT).

Barley: There were no sales reported during the week. Net sales of 200 MT for 2015/16 were reported for Japan. Exports of 200 MT were reported to South Korea.

Sorghum: Net sales of 100,600 MT for 2014/15 resulted as increases for China (179,500 MT, including 82,000 MT switched from unknown destinations and decreases of 4,900 MT), were partially offset by decreases for unknown destinations (79,000 MT). Net sales of 271,000 MT for 2015/16 were reported for China (163,000 MT) and unknown destinations (108,000 MT). Exports of 147,300 MT were down 11 percent from the previous week and 23 percent from the prior four-week average. The destination was China.