Market Perspectives – November 21, 2014

U.S. Export Statistics

Corn: Net sales of 908,700 MT for 2014/15 were up 80 percent from the previous week and 45 percent from the prior four-week average. Increases were reported for Japan (447,500 MT, including 40,800 MT switched from unknown destinations and decreases of 1,900 MT), Mexico (159,600 MT), Peru (149,400 MT, including 35,000 MT switched from Colombia), Taiwan (149,100 MT) and Canada (28,800 MT). Decreases were reported for unknown destinations (58,600 MT), Colombia (21,400 MT) and Vietnam (4,700 MT). Exports of 386,900 MT–a marketing-year low–were primarily to Japan (139,800 MT), Mexico (94,900 MT), Colombia (56,600 MT), Peru (34,800 MT), Guatemala (22,600 MT) and Honduras (14,800 MT).

Barley: Net sales of 4,300 MT for 2014/15 were reported for Japan (4,000 MT) and Taiwan (300 MT). There were no exports reported during the week. 

Sorghum: Net sales of 283,400 MT resulted as increases for China (341,400 MT, including 58,000 MT switched from unknown destinations and decreases of 6,300 MT), were partially offset by decreases for unknown destinations (58,000 MT). Exports of 179,100 MT were reported to China.