Market Perspectives – September 21, 2023

U.S. Export Statistics

Corn:  Net sales of 566,900 MT for 2023/2024 primarily for Japan (197,300 MT, including 72,900 MT switched from unknown destinations), Mexico (131,700 MT, including decreases of 119,900 MT), China (71,200 MT, including 71,400 MT switched from unknown destinations and decreases of 200 MT), unknown destinations (57,800 MT), and Colombia (45,000 MT, including decreases of 33,600 MT), were offset by reductions for Jamaica (18,000 MT), El Salvador (3,200 MT), and Costa Rica (1,200 MT).

Exports of 602,500 MT were primarily to Mexico (329,300 MT), Japan (158,000 MT), China (71,200 MT), Guatemala (19,400 MT), and Honduras (10,700 MT).

Barley:  No net sales were reported for the week. Exports of 100 MT were to South Korea.

Sorghum:  Total net sales reductions of 700 MT for 2023/2024 included decreases of 7,000 MT for China. Exports of 47,000 MT were primarily to China (46,900 MT).