Market Perspectives – September 2, 2021

U.S. Export Statistics

Corn:  Net sales reductions of 300,800 MT for 2020/2021–a marketing-year low–were greater than the previous week, but down noticeably from the prior 4-week average.  Increases primarily for Mexico (33,000 MT, including decreases of 7,700 MT), Guatemala (27,100 MT, including 22,500 MT switched from El Salvador, 7,500 MT switched from Costa Rica, and decreases of 2,900 MT), Taiwan (8,800 MT), South Korea (1,900 MT), and Colombia (1,400 MT, including decreases of 26,000 MT), were more than offset by reductions primarily for Canada (209,800 MT) and China (133,200 MT).  For 2021/2022, net sales of 1,159,500 MT primarily for Mexico (464,500 MT), Colombia (352,000 MT), Canada (292,600 MT), Japan (40,000 MT), and Taiwan (7,400 MT), were offset by reductions for unknown destinations (1,900 MT).

Exports of 529,300 MT were down 30 percent from the previous week and 48 percent from the prior 4-week average.  The destinations were primarily to Mexico (258,700 MT), China (138,700 MT), Guatemala (34,600 MT), Colombia (30,400 MT), and Costa Rica (29,600 MT).

Optional Origin Sales: For 2020/2021, the current outstanding balance of 30,500 MT is for unknown destinations. For 2021/2022, the current outstanding balance of 110,000 MT is for unknown destinations.

Barley:  Total net sales reductions for 2021/2022 of 100 MT were for Canada.  There were no exports reported for the week.

Sorghum:  Total net sales of 2,400 MT for 2020/2021 were down 96 percent from the previous week and down noticeably from the prior 4-week average.  The destination for China.  Exports of 72,400 MT were down 43 percent from the previous week and 4 percent from the prior 4-week average.  The destination was to China.