Domestic: U.S corn export prices averaged $172 per ton in October, up over $5 from September prices. Strong export demand and indications of a smaller crop have kept prices firm. Sorghum prices remain high (although down $12) at $201 per ton because of solid foreign demand.

• India corn is doubled to 500,000 tons because of improved crop prospects.

• South Africa corn is boosted by 200,000 tons to 1.0 million. New crop supplies will find strong regional demand.

• Australia barley is slashed 300,000 tons to 2.0 million due to a cut in production.

• EU-27 barley is up 200,000 tons to 4.2 million because of steady demand from North Africa and limited competition.

• United States barley is up 500,000 tons to 1.0 million, the highest in 7 years, because of strong sales to Japan.

• Argentina sorghum is boosted by 200,000 tons to 1.0 million due to strong demand from EU- 27 as evidenced by new-crop export registrations.

• United States sorghum is raised 400,000 tons to 7.0 million, the highest in 16 years, due to strong demand from EU-27.

• Canada corn is boosted by 300,000 tons to 2.3 million because of strong purchases. Corn is very competitive against other grains, which have attractive international prices and are being exported.

• Japan corn is raised 200,000 tons to 16.3 million reflecting a more gradual slowdown in meat production.

• South Korea corn is cut by 300,000 tons to 8.8 million (following a similar cut with final trade data for 2006/07). Although corn is continuing to substitute for scarce feed-quality wheat, other nongrain feed ingredients (e.g., distiller’s grains and tapioca) are reducing the need for corn.

• Venezuela corn is boosted by 200,000 tons to 500,000 in light of strong poultry production.

• Saudi Arabia barley is boosted 200,000 tons to 6.0 million as imports are not expected to be effected by high prices (2006/07 was increased 300,000 tons based on updated trade data).

• United States barley is raised 150,000 tons to 300,000 because of tight stocks resulting in an increased need for Canadian malting barley supplies.

• EU-27 sorghum soars by 700,000 tons to a record 3.7 million. Import licenses and outstanding purchases of U.S. sorghum reflect the shortage of feed grains.

• Mexico sorghum is cut by 500,000 tons to 2.0 million, the lowest in over a decade, due to a higher crop estimate, the slow pace of sales, and availability of U.S. corn.

• Argentina corn is up 500,000 tons to 15.5 million as shipments continue at a record pace.

• Paraguay corn is raised nearly 250,000 tons to 2.0 million, a record, with final trade data. The country has expanded trade with Brazil. (Brazil’s imports are raised 150,000 tons to 1.2 million, the highest in 7 years.)

• Egypt corn is raised 200,000 tons to 4.8 million based on near-final trade data.

• South Africa corn is raised 200,000 tons to 1.0 million, the highest in over a decade, amid reports of tightening supplies.

• China barley is dropped 173,000 tons to 1.1 million based on final trade data and reflects tightness in the global malting barley trade because of reduced Australian exportable supplies.