Market Perspectives November 15, 2013

U.S. Export Statistics

Corn: Net sales of 1,202,900 MT for 2013/14 reported for Mexico (301,400 MT), Japan (226,800 MT, including 50,600 MT switched from unknown destinations and decreases of 73,000 MT), South Korea (150,900 MT), China (115,700 MT, including 47,300 MT switched from unknown destinations and decreases of 5,400 MT), unknown destinations (90,300 MT) and Saudi Arabia (74,000 MT), were partially offset by decreases for Venezuela (5,000 MT). Exports of 463,800 MT were primarily to Mexico (134,800 MT), China (121,000 MT), Japan (51,900 MT), Peru (32,200 MT) and Guatemala (28,600 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 100,000 MT, all Mexico. 

Barley: There were no sales reported during the week. Exports of 100 MT were to South Korea.

Sorghum: Net sales of 138,200 MT for 2013/14 were for unknown destinations (61,300 MT), China (61,000 MT, including 55,000 MT switched from unknown destinations), and Japan (15,800 MT, including 6,700 MT switched from unknown destinations). Exports of 8,500 MT were to Japan (6,700 MT), China (1,700 MT) and Mexico (100 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.