Market Perspectives – May 30, 2014

U.S. Export Statistics

Corn: Net sales of 621,300 MT for 2013/14 were up 22 percent from the previous week and 27 percent from the prior four-week average. Increases were reported for Mexico (249,600 MT), Egypt (200,700 MT, including 60,000 MT switched from unknown destinations), Israel (93,100 MT, including 89,000 MT switched from unknown destinations), Colombia (83,400 MT, including 55,000 MT switched from unknown destinations), Portugal (59,600 MT, including 55,000 MT switched from Spain) and South Korea (59,500 MT). Decreases were reported for unknown destinations (155,900 MT), China (115,000 MT), Spain (55,000 MT) and Costa Rica (1,400 MT). Net sales of 90,900 MT for 2014/15 were reported for Mexico (89,600 MT) and Japan (1,400 MT). Exports of 1,210,200 MT were up 4 percent from the previous week and 1 percent from the prior four-week average. The primary destinations were Mexico (277,300 MT), Egypt (208,700 MT), Japan (205,300 MT), Colombia (142,600 MT), South Korea (67,800 MT), Vietnam (65,000 MT) and Portugal (59,600 MT). 

Optional Origin Sales: For 2013/14, outstanding optional origin sales total 123,000 MT, all South Korea. 

Barley: Net sales of 100 MT for 2013/14 were reported for South Korea. Net sales of 1,500 MT for 2014/15 were reported for Taiwan. Exports of 500 MT were reported to South Korea (300 MT) and Taiwan (200 MT). 

Sorghum: Net sales of 110,500 MT resulted as increases for China (170,300 MT, including 58,300 MT switched from unknown destinations) and Canada (300 MT), were partially offset by decreases for unknown destinations (60,000 MT). Net sales of 60,000 MT for 2014/15 were reported for China. Exports of 58,400 MT were reported to China.