Market Perspectives – September 26, 2019

U.S. Export Statistics

Corn:  Net sales of 494,000 MT for 2019/2020, primarily for Mexico (196,800 MT, including decreases of 11,700 MT), Japan (92,900 MT, including 4,500 MT switched from unknown destinations and decreases of 3,600 MT), unknown destinations (85,300 MT), Colombia (47,300 MT), and Thailand (39,400 MT), were partially offset by reductions for Nicaragua (1,000 MT).  Exports of 278,900 MT were primarily to Mexico (169,700 MT), Taiwan (27,200 MT), Japan (25,900 MT), Guatemala (22,600 MT), and the Dominican Republic (14,900 MT).

Optional Origin Sales:  For 2019/2020, the current outstanding balance of 635,000 MT is for South Korea (455,000 MT), Israel (120,000 MT), and China (60,000 MT).

Barley:  For 2019/2020, total net sales of 100 MT were for Japan.  Exports of 700 MT were up noticeably from the previous week and up 3 percent from the prior 4-week average.  The destination was Japan.

Sorghum:  Net sales of 66,100 MT for 2019/2020 were primarily for Mexico (40,000 MT), Japan (25,000 MT), and unknown destinations (1,000 MT).  Exports of 400 MT were to Mexico.