Market Perspectives September 6, 2013

U.S. Export Statistics

Corn: Net sales reductions of 113,200 MT for 2012/13 resulted as increases for Costa Rica (19,100 MT, including 17,900 MT switched from unknown destination), Mexico (16,100 MT), El Salvador (6,000 MT, including 5,500 MT switched from unknown destinations), Taiwan (3,900 MT) and Canada (1,000 MT), were more than offset by decreases for Colombia (85,000 MT) and unknown destinations (72,800 MT). Net sales of 328,300 MT for 2013/14 were primarily for unknown destinations (137,200 MT), Japan (55,400 MT), El Salvador (33,400 MT), Jamaica (28,200 MT) and Venezuela (27,000 MT). Decreases were reported for Trinidad (6,000 MT). Exports of 371,400 MT were up 13 percent from the previous week and from the prior four-week average. The primary destinations were Mexico (174,800 MT), Japan (102,400 MT), Taiwan (33,300 MT) and Cuba (25,000 MT). Optional Origin Sales: For 2012/13, outstanding optional origin sales total 65,000 MT, all South Korea. For 2013/2014, outstanding optional origin sales total 148,000 MT, and are for Mexico (100,000 MT) and Japan (48,000 MT).

Barley: There were no sales reported during the week. Exports of 100 MT were to South Korea. 

Sorghum: Net sales of 1,000 MT for 2012/13 were reported for Japan. Exports of 12,000 MT were reported to Japan (11,000 MT) and Mexico (1,000 MT). Optional Origin Sales: For 2013/2014, outstanding optional origin sales total 60,000 MT, all China.