Home | MARKETS, TOOLS & DATA / REPORTS | Market Perspectives

Market Perspectives – May 9, 2019

Contents

  1. Chicago Board of Trade Market News
  2. CBOT July Corn Futures
  3. U.S. Weather/Crop Progress
  4. U.S. Export Statistics
  5. FOB
  6. Distiller's Dried Grains with Solubles (DDGS)
  7. Country News
  8. Ocean Freight Markets and Spread
  9. Ocean Freight Comments

U.S. Export Statistics

Corn: Net sales of 287,600 MT for 2018/2019–a marketing-year low–were down 51 percent from the previous week and 60 percent from the prior 4-week average. Increases were reported for Colombia (112,600 MT, including 68,000 MT switched from unknown destinations and decreases of 1,200 MT), Japan (33,400 MT, including 48,000 MT switched from unknown destinations and decreases of 72,600 MT), Guatemala (30,500 MT), unknown destinations (22,500 MT), and Jamaica (16,600 MT). Reductions were for Nicaragua (18,600 MT) and the Dominican Republic (1,200 MT). For 2019/2020, total net sales were reported for Jamaica (6,900 MT). Exports of 1,154,100 MT were down 16 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Mexico (467,100 MT), Japan (232,800 MT), South Korea (140,800 MT) Colombia (139,100 MT), and El Salvador (41,200 MT). 

Optional Origin: For 2018/2019, options were exercised to export 32,500 MT to Mexico from other than the United States. The current outstanding balance of 421,000 MT is for South Korea (308,000 MT), Taiwan (65,000 MT), and unknown destinations (48,000 MT). For 2019/2020, the current outstanding balance of 185,000 MT is for unknown destinations (120,000 MT) and South Korea (65,000 MT).

Barley: No net sales for 2018/2019 were reported for the week. Exports of 800 MT were up noticeably from the previous week, but down 20 percent from the prior 4-week average. The destination was primarily to Japan (600 MT).

Sorghum: Net sales of 54,900 MT for 2018/2019 were down 70 percent from the previous week and 56 percent from the prior 4-week average. Increases were reported for unknown destinations (53,000 MT), China (1,000 MT), and Japan (900 MT). Exports of 11,000 MT were down 27 percent from the previous week and 67 percent from the prior 4-week average. The destinations were to Japan (10,900 MT) and South Korea (100 MT).

Optional Origin: For 2018/2019, the current outstanding balance of 10,000 MT is for unknown destinations.