Market Perspectives October 1, 2015

U.S. Export Statistics

Corn: Net sales of 748,200 MT for 2015/2016 were up 76 percent from the previous week. Increases reported for Mexico (638,600 MT, including 23,000 MT switched from unknown destinations and decreases of 2,400 MT), Egypt (68,700 MT, including 65,000 MT switched from unknown destinations), Colombia (42,200 MT, including 25,300 MT switched from unknown destinations and decreases of 1,800 MT), Guatemala (41,100 MT), and Venezuela (29,900 MT, including 30,000 MT switched from Panama and decreases of 100 MT), were partially offset by decreases for unknown destinations (80,800 MT) and Panama (30,000 MT). Net sales of 53,100 MT for 2016/2017 were reported for Panama (51,900 MT) and Honduras (1,200 MT). Exports of 813,800 MT were up 2 percent from the previous week. The primary destinations were Mexico (233,200 MT), Japan (206,400 MT), Colombia (111,700 MT), Egypt (68,700 MT), Venezuela (59,900 MT), Peru (30,500 MT), and Taiwan (29,300 MT).

Barley: Net sales of 100 MT for 2015/2016 were reported for Taiwan. Exports of 600 MT were reported to Taiwan.

Sorghum: Net sales of 163,600 MT for 2015/2016 resulted as increases for China (330,600 MT, including 167,000 MT switched from unknown destinations), were partially offset by decreases for unknown destinations (167,000 MT). Exports of 284,100 MT were up 68 percent from the previous week and 86 percent from the prior 4-week average. The destinations were China (281,100 MT) and Mexico (3,000 MT).