Market Perspectives – September 16, 2021

U.S. Export Statistics

Corn:  Net sales for 2021/2022 of 246,600 MT primarily for Mexico (154,300 MT, including decreases of 65,400 MT), unknown destinations (75,200 MT), Canada (15,100 MT), Jamaica (5,000 MT), and Honduras (3,500 MT, including decreases of 3,700 MT), were offset by reductions for Colombia (12,000 MT).  Total net sales for 2022/2023 of 2,300 MT were for Canada.  Exports of 192,000 MT were to Mexico (177,500 MT), El Salvador (7,200 MT), Canada (6,100 MT), Taiwan (1,000 MT), and South Korea (200 MT).

Optional Origin Sales:  For 2021/2022, new optional origin sales of 60,000 MT were reported for unknown destinations.  The current outstanding balance of 170,000 MT is for unknown destinations.

Barley:  No net sales were reported for the week.  Exports of 800 MT were unchanged from the previous week, but up 88 percent from the prior 4-week average.  The destination was to Japan.

Sorghum:  Net sales for 2021/2022 of 204,600 MT were reported for China (115,500 MT), unknown destinations (53,000 MT), and Mexico (36,100 MT).  Exports of 1,800 MT were to Mexico.