Market Perspectives September 29, 2016

U.S. Export Statistics

Corn:  Net sales of 575,000 metric tons were reported for 2016/2017.  The primary destinations were Mexico (286,200 MT, including 33,000 MT switched from unknown destinations and decreases of 1,900 MT), Colombia (230,300 MT, including 87,500 MT switched from unknown destinations and decreases of 19,500 MT), South Korea (68,200 MT, including 65,000 MT switched from unknown destinations), the Dominican Republic (48,400 MT, including 15,000 MT switched from unknown destinations and decreases of 900 MT), and Peru (46,900 MT, including 34,000 MT switched from unknown destinations, and decreases of 2,900 MT).  Reductions were for unknown destinations (364,900 MT) and the French West Indies (5,600 MT).   Exports of 1,261,500 MT were reported to Mexico (366,500 MT), Japan (283,400 MT), Colombia (139,400 MT), South Korea (127,400 MT), Peru (64,900 MT), Morocco (51,100 MT), and Bangladesh (43,900 MT). 

Optional Origin Sales:  For 2016/2017, the current outstanding balance totals 341,000 MT is for unknown destinations (276,000 MT), and Taiwan (65,000 MT). 

Barley: Net sales of 700 MT for 2016/2017 were reported for Vietnam (500 MT) and Japan (200 MT).  Exports of 100 MT were reported to Taiwan. 

Sorghum: Net sales of 227,300 MT for 2016/2017 were reported for China (169,300 MT, including 58,000 MT switched from unknown destinations and decreases of 700 MT), unknown destinations (58,000 MT), and Indonesia (100 MT).  Exports of 119,400 MT were reported to China (119,300 MT), South Korea (100 MT), and Indonesia (100 MT).