Market Perspectives September 4, 2015

U.S. Export Statistics

Corn: Net sales of 112,700 MT for delivery in 2014/2015 were up noticeably from previous week and from the prior 4-week average. Increases reported for Japan (173,700 MT, including 169,100 MT switched from unknown destinations and decreases of 2,100 MT), South Korea (64,000 MT, including 65,000 MT switched from unknown destinations and decreases of 1,000 MT), Egypt (55,000 MT), Colombia (26,900 MT, including 22,500 MT switched from unknown destinations and decreases of 5,000 MT), and Honduras (16,100 MT, including 14,900 MT switched from unknown destinations), were partially offset by decreases for unknown destinations (252,400 MT), the French West Indies (6,000 MT), Canada (5,600 MT), and El Salvador (3,300 MT). Net sales of 328,300 MT for 2015/2016 were reported primarily for unknown destinations (132,200 MT), Panama (60,000 MT), Canada (47,300 MT), Mexico (45,600 MT), and Japan (32,200 MT). Decreases were reported for Jamaica (12,000 MT) and the French West Indies (2,000 MT). Exports of 1,077,200 MT were up 31 percent from the previous week and 20 percent from the prior 4-week average. The primary destinations were Japan (341,800 MT), Mexico (324,000 MT), South Korea (64,200 MT), Colombia (61,700 MT), Egypt (55,000 MT), Taiwan (48,700 MT), and Honduras (47,500 MT).

Barley: Net sales of 500 MT for 2015/2016 were reported for Taiwan. Exports of 400 MT were reported to Japan.

Sorghum: Net sales reductions of 2,400 MT for 2014/2015 resulted as increases for Mexico (1,300 MT), were more than offset by decreases for China (3,700 MT). Net sales of 56,200 MT for 2015/2016 were reported for unknown destinations (55,000 MT) and Mexico (1,200 MT). Exports of 50,300 MT were down 70 percent from the previous week and 73 percent from the prior 4-week average. The destinations were China (49,000 MT) and Mexico (1,300 MT).