Market Perspectives – November 14, 2014

U.S. Export Statistics

Corn: Net sales of 478,200 MT for 2014/15 were down 2 percent from the previous week and 55 percent from the prior four-week average. Increases were reported for unknown destinations (195,700 MT), Peru (76,500 MT, including 30,000 MT switched from unknown destinations), Mexico (69,100 MT), Colombia (60,200 MT, including 30,000 MT switched from unknown destinations), Canada (29,000 MT) and the Dominican Republic (20,000 MT). Decreases were reported for Guatemala (12,400 MT) and Japan (2,400 MT). Exports of 444,000 MT were primarily to Mexico (112,600 MT), Japan (95,700 MT), Egypt (54,400 MT), Costa Rica (38,800 MT), Colombia (32,100 MT), Peru (30,000 MT) and Guatemala (19,800 MT).

Barley: Net sales of 400 MT for 2014/15 were reported for South Korea (300 MT) and Taiwan (100 MT). Exports of 500 MT were reported to Taiwan (400 MT) and South Korea (100 MT).

Sorghum: Net sales of 181,300 MT for 2014/15 reported for unknown destinations (113,000 MT) and China (71,100 MT), were partially offset by decreases for Japan (2,700 MT). Exports of 67,100 MT were reported to China (51,600 MT) and Japan (15,500 MT).