Market Perspectives – October 10, 2014

U.S. Export Statistics

Corn: Net sales of 784,800 MT for 2014/15 were reported primarily for unknown destinations (230,400 MT), Japan (168,900 MT, including 128,100 MT switched from unknown destinations and decreases of 10,600 MT), Peru (157,300 MT), Colombia (62,100 MT, including 40,000 MT switched from unknown destinations) and South Korea (61,900 MT, including 65,000 MT switched from unknown destinations and decreases of 3,100 MT). Decreases were reported for Israel (20,400 MT), Costa Rica (16,900 MT) and Canada (3,500 MT). Net sales reductions of 800 MT for 2015/2016 were reported for Mexico. Exports of 978,100 MT were primarily Mexico (253,200 MT), Japan (243,400 MT), Colombia (100,300 MT), Peru (96,500 MT) and South Korea (63,400 MT).

Barley: Net sales of 32,500 MT were reported for China (30,000 MT) and Morocco (2,500 MT). Exports of 28,000 MT–a marketing-year high–were up noticeably from the previous week and the prior four-week average. The primary destinations were Morocco (27,500 MT) and Taiwan (500 MT). 

Sorghum: Net sales of 65,800 MT for 2014/15–a marketing-year low–were reported for China. Exports of 160,900 MT were reported to China.