Market Perspectives – October 17, 2024

U.S. Export Statistics

Publication of the USDA export sales report for the week of October 10, 2024, is delayed until Friday, October 18 due to the U.S. federal holiday on Monday, October 14. Therefore, the previous week’s export sales numbers and commentary are provided here. Export inspections data was available and has been updated.

Corn

Net sales of 1,222,100 MT for 2024/2025 primarily for unknown destinations (371,200 MT), Mexico (329,700 MT, including 55,000 MT switched from unknown destinations and decreases of 2,100 MT), Colombia (248,900 MT, including 40,000 MT switched from unknown destinations and decreases of 5,000 MT), Japan (194,100 MT, including 139,600 MT switched from unknown destinations and decreases of 700 MT), and Spain (40,000 MT, including decreases of 70,000 MT), were offset by reductions for Honduras (34,000 MT), El Salvador (9,500 MT), and South Korea (8,000 MT). Exports of 1,059,300 MT were primarily to Mexico (540,000 MT), Japan (250,300 MT), South Korea (130,100 MT), Colombia (41,700 MT), and Nicaragua (33,200 MT).

Barley

No net sales for 2024/2025 were reported for the week. Exports of 500 MT were to Japan.

Sorghum

Total net sales of 5,500 MT for 2024/2025 were for China. Total net sales reductions of 1,000 MT for 2025/2026 were for Japan. Exports of 2,500 MT were to China.