Market Perspectives – November 30, 2023

U.S. Export Statistics

Corn:  Net sales of 1,927,800 MT for 2023/2024–a marketing-year high–were up 35 percent from the previous week and 54 percent from the prior 4-week average. Increases were primarily for unknown destinations (726,600 MT), Mexico (294,600 MT, including decreases of 700 MT), Japan (258,000 MT, including decreases of 16,000 MT), Taiwan (201,500 MT), and China (131,000 MT).

Exports of 499,900 MT were down 20 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to Mexico (385,300 MT), Colombia (60,000 MT), Panama (25,600 MT), Taiwan (9,900 MT), and Jamaica (7,200 MT).

Barley:  No net sales or exports were reported for the week.

Sorghum:  Net sales of 186,200 MT for 2023/2024 were up 33 percent from the previous week and 1 percent from the prior 4-week average. Increases reported for China (241,200 MT, including 55,000 MT switched from unknown destinations and decreases of 300 MT), were offset by reductions for unknown destinations (55,000 MT). Exports of 280,600 MT–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average. The destinations were to China (280,300 MT) and Mexico (300 MT).