Market Perspectives – October 3, 2019

U.S. Export Statistics

Corn: Net sales of 562,600 MT for 2019/2020, primarily for Mexico (361,100 MT, including 22,000 MT switched from unknown destinations and decreases of 2,100 MT), Japan (88,000 MT, including 37,000 MT switched from unknown destinations and decreases of 11,300 MT), Canada (44,000 MT, including decreases of 400 MT), unknown destinations (42,300 MT), and Jamaica (16,000 MT), were partially offset by reductions for Thailand (38,400 MT) and Costa Rica (300 MT). For 2020/2021, total net sales of 2,500 MT were for Canada. Exports of 458,300 MT were primarily to Mexico (275,600 MT), Japan (138,900 MT), Taiwan (14,400 MT), Canada (11,700 MT), and Colombia (9,200 MT).

Optional Origin Sales: For 2019/2020, the current outstanding balance of 635,000 MT is for South Korea (455,000 MT), Israel (120,000 MT), and Egypt (60,000 MT, switched from China).

Barley: No net sales for 2019/2020 were reported for the week. Exports of 1,900 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were Japan (1,700 MT) and Taiwan (200 MT).

Sorghum: Net sales reductions of 400 MT for 2019/2020 were for Mexico. Exports of 10,600 MT were to Mexico.