Market Perspectives – October 31, 2014

U.S. Export Statistics

Corn: Net sales of 489,800 MT for 2014/15 were down 53 percent from the previous week and 55 percent from the prior four-week average. Increases were reported for South Korea (134,700 MT, including 130,000 MT switched from unknown destinations), Peru (88,700 MT, including 40,000 MT switched from unknown destinations and 35,000 MT switched from Colombia), Mexico (82,300 MT), Japan (77,900 MT, including 28,600 MT switched from unknown destinations and decreases of 2,300 MT), Colombia (74,000 MT, including 25,000 MT switched from unknown destinations and decreases of 12,000 MT) and Costa Rica (56,500 MT). Decreases were reported for unknown destinations (90,300 MT), Jamaica (64,300 MT), the French West Indies (7,000 MT), the Dominican Republic (4,000 MT) and Nicaragua (2,700 MT). Net Sales of 44,500 MT for 2015/2016 were reported for Canada (25,000 MT), Mexico (10,000 MT) and Nicaragua (9,500 MT). Exports of 829,500 MT were primarily to Mexico (166,900 MT), South Korea (135,100 MT), Japan (114,000 MT), Colombia (102,700 MT), Peru (85,100 MT), Canada (45,600 MT) and Guatemala (34,800 MT).

Barley: Net sales reductions of 100 MT for 2014/15 resulted as increases for Taiwan (100 MT), were more than offset by decreases for the Philippines (200 MT). There were no exports reported during the week. 

Sorghum: Net sales of 114,100 MT for 2014/15 resulted as increases for China (169,100 MT, including 55,000 MT switched from unknown destinations and decreases of 600 MT), were partially offset by decreases for unknown destinations (55,000 MT). Exports of 157,300 MT were reported to China.