Market Perspectives October 29, 2015

U.S. Export Statistics

Corn: Net sales of 708,800 MT for 2015/2016 were up noticeably from the previous week and 34 percent from the prior 4-week average. Increases reported for Mexico (300,000 MT), Colombia (160,900 MT, including 52,500 MT switched from unknown destinations and decreases of 1,600 MT), Peru (104,700 MT, including 55,000 MT switched from unknown destinations), unknown destinations (81,700 MT), and Jamaica (22,000 MT), were partially offset by reductions for Japan (18,300 MT). Exports of 433,300 MT were up 6 percent from the previous week, but down 25 percent from the prior 4-week average. The primary destinations were Mexico (139,400 MT), Colombia (124,600 MT), Peru (60,600 MT), Japan (52,700 MT), Guatemala (22,100 MT), and Canada (18,000 MT).

Barley: Net sales of 700 MT for 2015/2016 were up noticeably from the previous week and the prior 4-week average. Increases were reported primarily for Taiwan (500 MT) and South Korea (100 MT). Exports of 400 MT were reported to South Korea.

Sorghum:Net sales of 144,100 MT were up noticeably from the previous week and the prior 4-week average. Increases reported for China (111,100 MT, including 112,000 MT switch from unknown destinations and decreases of 8,000 MT) and Mexico (88,000 MT), were partially offset by reductions for unknown destinations (54,000 MT) and Haiti (1,000 MT). Exports of 162,400 MT were down 38 percent from the previous week and 44 percent from prior 4-week average. The destinations were China (160,400 MT) and Mexico (2,000 MT).