Corn and sorghum export quotes have been on the rise since the beginning of September.  Average prices for both have gone up by nearly $20 per ton and now stand at an average of $179 through the first week of November.  Higher prices are a function of diminished U.S. crop prospects due to a later harvest and concerns over quality problems.

 ·        U.S. corn is down 1.5 million tons to 53.0 million on the recent slow pace of shipments and sales and a late crop harvest with concerns over quality.

 ·        Ukrainian corn is up 1.0 million tons to 4.0 million on greater exportable supplies.  

·        EU barley is reduced 200,000 tons to 2.3 million on the dismal pace of export licenses and the fact that barley is already being offered for intervention.

·        Israeli corn is reduced by 300,000 tons to 1.0 million as demand for feed shifts to wheat.

 ·        Venezuelan corn is boosted 200,000 tons to 1.3 million on greater demand for feeding and a cut in production. 

·        Jordanian barley is cut 200,000 tons to 500,000 based on lower expected feeding.

               Large Late-Season Adjustments Reflect Reported Shipments:

·        U.S. corn up 400,000 tons to 47.9 million

·        Paraguayan corn boosted 362,000 tons to 1.9 million

 ·        South African corn slashed 400,000 tons to 2.1 million  

·        Thai corn raised 286,000 tons to 786,000 

      Large Late-Season Adjustments Reflect Reported Shipments:

·        Egyptian corn boosted by 600,000 tons to 4.8 million 

·        Mexico corn raised by 300,000 tons to 7.7 million 

·        Venezuelan corn up 200,000 tons to 1.2 million 

·        Vietnamese corn raised 200,000 tons to 800,000  

·        Iranian barley cut by 300,000 tons to 1.4 million