Market Perspectives November 19, 2015

U.S. Export Statistics

Corn: Net sales of 779,800 MT for 2015/2016 – a marketing-year high – were up 26 percent from the previous week and 46 percent from the prior 4-week average. Increases were reported for Mexico (233,500 MT), Japan (184,500 MT, including 56,900 MT switched from unknown destinations), unknown destinations (178,700 MT), South Korea (62,000 MT), Peru (46,500 MT), and Guatemala (24,200 MT, including 21,700 MT switched from unknown destinations). Reductions were reported for the French West Indies (6,600 MT). Exports of 389,000 MT were up 44 percent from the previous week, but down 3 percent from the prior 4-week average. The primary destinations were Mexico (119,200 MT), Japan (106,400 MT), Peru (61,000 MT), Guatemala (30,000 MT), Colombia (25,200 MT), and Taiwan (14,700 MT).

Optional Origin Sales: For 2015/2016, outstanding optional origin sales total 395,000 MT, all unknown destinations.

Barley: Net sales reductions of 1,500 MT for 2015/2016 – a marketing-year low – were reported for Israel. Exports of 1,300 MT were reported to Israel (700 MT), South Korea (300 MT), and Japan (300 MT).

Sorghum: Net sales of 404,100 MT for 2015/2016 – a marketing-year high – were up noticeably from the previous week and from the prior 4-week average. Increases were reported for China (346,000 MT, including 117,000 MT switched from unknown destinations and decreases of 5,200 MT), unknown destinations (57,000 MT), and Mexico (1,000 MT). Exports of 272,000 MT were up 62 percent from the previous week and 33 percent from prior 4-week average. The destinations were China (259,400 MT) and Mexico (12,600 MT).