Market Perspectives November 5, 2015

U.S. Export Statistics

Corn: Net sales of 556,000 MT for 2015/2016 were down 22 percent from the previous week, but up 7 percent from the prior 4-week average. Increases reported for Japan (186,800 MT, including 40,400 MT switched from unknown destinations), Mexico (102,900 MT, including 23,000 MT switched from unknown destinations and decreases of 17,100 MT), unknown destinations (86,800 MT), Colombia (76,400 MT, including 27,500 MT switched from unknown destinations and decreases of 14,200 MT), and Peru (54,800 MT), were partially offset by reductions for Panama (13,500 MT), Nicaragua (5,400 MT), and Canada (1,700 MT). Net sales of 18,900 MT for 2016/2017 were reported for Panama (13,500 MT) and Nicaragua (5,400 MT). Exports of 492,700 MT were up 14 percent from the previous week and 2 percent from the prior 4-week average. The primary destinations were Mexico (228,300 MT), Colombia (92,100 MT), Japan (45,600 MT), Taiwan (36,300 MT), Costa Rica (21,500 MT), and Guatemala (20,600 MT).

Barley: Net sales of 3,100 MT for 2015/2016 were up noticeably from the previous week and the prior 4-week average. Increases were reported for Israel (2,500 MT), South Korea (400 MT), and Taiwan (200 MT). Exports of 100 MT were reported to South Korea.

Sorghum:Net sales of 152,100 MT were up 6 percent from the previous week and up noticeably from the prior 4-week average. Increases were reported for China (72,200 MT), unknown destinations (58,000 MT), and Mexico (21,800 MT). Exports of 227,600 MT were up 40 percent from the previous week, but down 12 percent from prior 4-week average. The destinations were China (225,200 MT, including 61,600 MT late reporting) and Mexico (2,400 MT).