Market Perspectives October 25, 2013

U.S. Export Statistics

Corn: Net sales of 1,341,400 MT for 2013/14 were reported for unknown destinations (428,100 MT), China (230,600 MT, including 60,000 MT switched from unknown destinations), Japan (179,300 MT, including 48,500 MT switched from unknown destinations), Colombia (145,400 MT, including 61,700 MT switched from unknown destinations), and Mexico (129,400 MT). Decreases were reported for Vietnam (2,700 MT). Exports of 618,000 MT were primarily to China (184,600 MT), Mexico (162,900 MT), Colombia (90,600 MT), Japan (82,500 MT) and Taiwan (36,800 MT). Optional Origin Sales: For 2013/2014, outstanding optional origin sales total 100,000 MT, all Mexico. Daily Sales Not Announced: Please note that for week ending October 3, corn sales totaling 609,400 MT for unknown destinations for delivery during the 2013/14 marketing year would have been reported as Daily Sales. However, these sales were not announced by press release, but are included in this week’s report.

Barley: There were no sales or exports reported during the week.

Sorghum: Net sales of 255,600 MT for 2013/14 were reported for unknown destination (175,900 MT), China (58,000 MT), Japan (9,900 MT, including 7,900 MT switched from unknown destination), South Africa (7,500 MT, including 7,000 MT switched from unknown destination) and Mexico (4,400 MT). Exports of 18,000 MT were reported to Japan (7,900 MT), South Africa (7,500 MT) and Mexico (2,700 MT). Optional Origin Sales: For 2013/14, outstanding optional origin sales total 60,000 MT, all China.