Market Perspectives – October 5, 2023

U.S. Export Statistics

Corn:  Net sales of 1,816,000 MT for 2023/2024 primarily for Mexico (1,147,800 MT, including decreases of 228,500 MT), unknown destinations (147,100 MT), Colombia (141,100 MT, including 31,000 MT switched from unknown destinations and decreases of 2,300 MT), China (139,400 MT, including 71,400 MT switched from unknown destinations and decreases of 800 MT), and Japan (103,400 MT, including 32,000 MT switched from unknown destinations), were offset by reductions for Egypt (67,800 MT) and Panama (2,500 MT). Total net sales of 611,400 MT for 2024/2025 were for Mexico. Exports of 612,400 MT were primarily to Mexico (229,800 MT), China (141,400 MT), Japan (136,600 MT), Honduras (66,100 MT), and Colombia (33,300 MT).

Barley:  No net sales or exports were reported for the week.

Sorghum:  Net sales of 239,600 MT for 2023/2024 were reported for China (204,600 MT, including 58,000 MT switched from unknown destinations and decreases of 400 MT), Japan (33,000 MT), and unknown destinations (2,000 MT). Exports of 60,900 MT were to China.