Market Perspectives – October 25, 2018

U.S. Export Statistics

Corn: Net sales of 349,500 MT for 2018/2019 were reported for Mexico (275,800 MT, including decreases of 2,600 MT), Colombia (208,500 MT, including 167,000 MT switched from unknown destinations), Honduras (47,800 MT), Costa Rica (37,000 MT), and Tunisia (19,300 MT, switched from France). Reductions were reported for unknown destinations (164,500 MT), South Korea (69,000 MT), Vietnam (60,000 MT), and France (20,500 MT). For 2019/2020, total net sales were reported for Mexico (28,000 MT). Exports of 1,213,200 MT were primarily to Mexico (405,000 MT), Colombia (201,500 MT), Japan (174,200 MT), Taiwan (86,200 MT), and South Korea (66,100 MT).

Optional Origin Sales: For 2018/2019, the current outstanding balance of 849,000 MT is for South Korea (481,000 MT), unknown destinations (303,000 MT), and Vietnam (65,000 MT). 

Barley: Net sales of 300 MT for 2018/2019 were reported for Taiwan. Exports of 900 MT were to Japan (500 MT) and South Korea (400 MT). 

Sorghum: Net sales of 55,000 MT for 2018/2019 were reported for unknown destinations. Exports of 600 MT were reported to Mexico.