Market Perspectives – September 17, 2020

U.S. Export Statistics

Corn:  Net sales of 1,609,200 MT for 2020/2021 were primarily for unknown destinations (360,200 MT), China (359,700 MT, including 140,000 MT switched from unknown destinations), Japan (329,900 MT, including 83,400 MT switched from unknown destinations and decreases of 1,800 MT), South Korea (201,700 MT), and Colombia (118,400 MT, including 30,000 MT switched from unknown destinations and decreases of 29,400 MT), were offset by reductions for El Salvador (17,400 MT) and Canada (4,700 MT).   Exports of 902,000 MT were primarily to Mexico (213,000 MT), China (209,700 MT), South Korea (138,800 MT), Colombia (118,700 MT), and Japan (114,400 MT).

Optional Origin Sales:  For 2020/2021, options were exercised to export 130,000 MT to South Korea from the United States.  The current outstanding balance of 594,200 MT is for Vietnam (260,000 MT), Taiwan (204,200 MT), and South Korea (130,000 MT).

Barley:  No net sales or exports for 2020/2021 were reported for the week.

Sorghum:  Net sales of 121,500 MT for 2020/2021 resulting in increases for China (121,800 MT, including 68,000 MT switched from unknown destinations) and Japan (3,300 MT, including 3,600 MT switched from unknown destinations and decreases of 300 MT), were offset by reductions for unknown destinations (3,600 MT).  Exports of 72,400 MT were to China (69,100 MT) and Japan (3,300 MT).