Market Perspectives November 1, 2013

U.S. Export Statistics

Corn: Net sales of 4,555,500 MT for 2013/14 were reported for Mexico (1,689,400 MT, including 33,400 MT switched from unknown destinations and decreases of 7,300 MT), Japan (862,700 MT, including 122,000 MT switched from unknown destinations and decreases of 19,900 MT), China (777,600 MT, including 373,000 MT switched from unknown destinations and decreases of 24,500 MT), unknown destinations (434,900 MT) and Colombia (242,400 MT, including 30,000 MT switched from unknown destinations and decreases of 2,800 MT). Decreases were reported for Panama (9,600 MT) and El Salvador (2,000 MT). Net sales of 738,000 MT for the 2014/15 marketing year were reported for Mexico (734,400 MT) and Nicaragua (3,600 MT). Exports of 2,094,400 MT were primarily to Mexico (708,300 MT), China (677,900 MT), Japan (255,600 MT), Colombia (123,300 MT), and Saudi Arabia (68,200 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 100,000 MT, all Mexico. Daily Sales Not Announced: Please note that for week ending October 17, corn sales for Mexico (1,568,800 MT) and unknown destinations (304,800 MT) for delivery during the 2013/14 marketing year would have been reported as Daily Sales. However, these sales were not announced by press release, but are included in this week’s report.

Barley: Net sales of 10,600 MT were reported for Japan (9,900 MT), Taiwan (500 MT) and South Korea (200 MT). Exports of 10,500 MT were primarily reported to Japan (9,900 MT) and South Korea (400 MT).

Sorghum: Net sales of 289,400 MT were for China (190,200 MT, including 175,000 switched from unknown destinations), Japan (39,000 MT, including 3,100 MT switched from unknown destinations), South Africa (37,100 MT, switched from unknown destinations), unknown destinations (22,400 MT), and Mexico (800 MT). Exports of 184,300 MT were to China (120,300 MT), South Africa (37,100 MT), Mexico (13,600 MT) and Japan (13,300 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China. Daily Sales Not Announced: Please note that for week ending October 1, sorghum sales for unknown destinations (150,000 MT) for delivery during the 2013/14 marketing year would have been reported as Daily Sales. However, these sales were not announced by press release, but are included in this week’s report.