Market Perspectives – September 29, 2022

U.S. Export Statistics

Corn:  Net sales of 512,000 MT for 2022/2023 primarily for Mexico (321,700 MT, including decreases of 1,800 MT), unknown destinations (57,000 MT), Honduras (51,900 `MT), Japan (51,100 MT, including 50,600 MT switched from unknown destinations and decreases of 300 MT), and Panama (44,200 MT), were offset by reductions for Egypt (65,000 MT), Guatemala (7,500 MT), and Costa Rica (3,200 MT).  Total net sales of 160,000 MT for 2023/2024 were for Mexico.  Exports of 574,700 MT were primarily to Mexico (239,200 MT), China (141,200 MT), Japan (135,000 MT), El Salvador (19,400 MT), and Venezuela (15,300 MT).

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

Sorghum:  Net sales of 53,200 MT for 2022/2023 were for unknown destinations (53,000 MT) and Japan (200 MT).  Exports of 4,300 MT were to Mexico (4,100 MT), Japan (100 MT), and China (100 MT).