Market Perspectives – October 24, 2024

U.S. Export Statistics

Corn

Net sales of 3,602,600 MT for 2024/2025 were up 62 percent from the previous week and up noticeably from the prior 4-week average. Increases were primarily for Mexico (1,679,800 MT, including 55,000 MT switched from unknown destinations and decreases of 6,800 MT), unknown destinations (1,153,900 MT), Japan (243,800 MT, including 78,000 MT switched from unknown destinations), Colombia (185,600 MT, including 60,900 MT switched from unknown destinations and decreases of 1,700 MT), and South Korea (135,000 MT). Net sales of 581,200 MT for 2025/2026 were reported for Mexico (579,200 MT) and unknown destinations (2,000 MT). Exports of 999,000 MT were up 99 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Mexico (584,300 MT), Colombia (127,900 MT), Japan (78,000 MT), Honduras (66,800 MT), and Costa Rica (31,200 MT).

Barley

Net sales of 1,300 MT for 2024/2025 were reported for Canada. Exports of 100 MT were to Canada.

Sorghum

Net sales of 72,000 MT for 2024/2025 were up noticeably from the previous week and from the prior 4-week average. Increases were reported for unknown destinations (55,000 MT) and China (17,000 MT). Exports of 300 MT were down noticeably from the previous week and from the prior 4-week average. The destination was China.