Market Perspectives – May 8, 2015

U.S. Export Statistics

Corn: Net sales of 841,800 MT for delivery in 2014/15 were up 1 percent from the previous week and 15 percent from the prior four-week average. Increases were reported for Taiwan (277,900 MT, including 18,000 MT switched from China and decreases of 1,100 MT), Mexico (203,300 MT), Japan (163,400 MT, including 78,500 MT switched from unknown destinations and decreases of 38,900 MT), South Korea (126,000 MT, including 65,000 MT switched from China and decreases of 9,500 MT), Colombia (109,600 MT, including 91,000 MT switched from unknown destinations and decreases of 2,000 MT) and Honduras (27,900 MT, including 19,100 MT switched from unknown destinations). Decreases were reported for China (83,000 MT), unknown destinations (24,400 MT) and Canada (3,800 MT). Net sales of 55,400 MT for 2015/16 were reported for Japan (50,000 MT), unknown destinations (3,400 MT) and the Leeward Islands (2,000 MT). Exports of 1,135,200 MT were down 11 percent from the previous week, but up 4 percent from the prior four-week average. The primary destinations were Japan (400,100 MT), Mexico (206,100 MT), Colombia (176,800 MT), South Korea (134,600 MT) and Taiwan (60,800 MT).

Barley: Net sales of 2,600 MT for 2014/15 were reported for South Korea (2,000 MT) and Taiwan (600 MT). Exports of 900 MT were reported to Taiwan (700 MT) and Canada (200 MT).

Sorghum: Net sales reductions of 1,700 MT for 2014/15 resulted as increases for China (107,500 MT, switched from unknown destinations) and Japan (300 MT), were more than offset by decreases for unknown destinations (109,400 MT). Net sales of 112,000 MT for 2015/16 were reported for unknown destinations (58,000 MT) and China (54,000 MT). Exports of 225,800 MT were up 41 percent from the previous week, but down 1 percent from the prior four-week average. The destinations were China (216,500 MT) and Japan (9,300 MT).