Market Perspectives September 11, 2015

U.S. Export Statistics

Corn: Net sales for the 2015/2016 marketing year, which began September 1, totaled 411,200 MT. Increases reported for Colombia (186,500 MT, including 35,000 MT switched from unknown destinations and decreases of 3,600 MT), Mexico (71,900 MT), South Korea (60,800 MT), Japan (40,800 MT, switched from unknown destinations), the Dominican Republic (31,100 MT), and Venezuela (30,000 MT, switched from unknown destinations), were partially offset by decreases for unknown destinations (84,900 MT). A total of 1,427,100 MT in sales were carried over from the 2014/2015 marketing year, which ended August 31. Exports for the period ending August 31 of 640,900 MT brought accumulated exports to 45,845,500 MT, down 3 percent from the prior year’s total of 47,375,100 MT. The primary destinations were Japan (193,400 MT), Colombia (113,400 MT), Mexico (105,900 MT), South Korea (63,800 MT), and Guatemala (34,900 MT). Exports for September 1-3 totaled 267,400 MT, with Mexico (121,500 MT), Colombia (65,500 MT), Japan (40,800 MT), and Venezuela (30,000 MT) being the primary destinations.

Barley: Net sales reductions of 1,000 MT for 2015/2016 resulted as increases for South Korea (200 MT), were more than offset by decreases for Morocco (1,200 MT). Exports of 13,900 MT were up noticeably from the previous week and from the prior 4-week average. The destination was Morocco.

Sorghum: Net sales for the 2015/2016 marketing year, which began September 1, totaled 162,000 MT. Increases were primarily reported for unknown destinations (100,000 MT), China (27,000 MT), Colombia (22,000 MT), and Mexico (13,000 MT). Exports for September 1-3 totaled 400 MT, with Mexico being the destination. A total of 227,700 MT in sales were carried over from the 2014/2015 marketing year, which ended August 31. Exports for the period ending August 31 of 282,200 MT brought accumulated exports to 8,321,700 MT, up 77 percent from the prior year’s total of 4,700,800 MT. The destinations were China (211,700 MT, including 59,000 MT late reporting) and Japan (70,500 MT).