Corn: USA sells 1.21 million tons of the 2023/24 harvest in the week, says USDA
Maize (Corn)
United States
Market & Price Trends
Published Mar 29, 2024
Tridge summary
Recent reports indicate that U.S. exporters have sold 1.21 million tons of corn from the 2023/24 harvest, a slight increase from the previous week and the four-week average, with Mexico, Canada, Colombia, undisclosed destinations, and Japan being the primary buyers. Despite minor cancellations by Morocco and Guatemala, the sales figures, including an additional 126.4 thousand tons for the 2024/25 harvest mainly to Mexico, undisclosed destinations, Japan, and Honduras, met analysts' expectations. However, shipments during this period saw a 19% decrease from the previous week and a 4% decrease from the four-week average, totaling around 1.234 million tons.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
United States exporters reported sales of 1.21 million tons of corn from the 2023/24 harvest, including cancellations, in the week ending March 21, the United States Department of Agriculture reported this Thursday (28). USDA). The volume of corn exported represents an increase of 2% compared to the previous week and 4% compared to the average of the previous four weeks. The main buyers were Mexico (492 thousand t), Canada (190.2 thousand t), Colombia (146.2 thousand t), undisclosed destinations (102 thousand t) and Japan (90.5 thousand t), which offset the cancellations made by Morocco (4 thousand t) and Guatemala (2.3 thousand t). For the 2024/25 harvest, sales of 126.4 thousand tons were reported. The main buyers were Mexico (90 thousand t), undisclosed destinations (25.4 thousand t), Japan (10 thousand t) and Honduras (1 thousand t). The total volume sold, of around 1.336 million tons, was within analysts' estimates, who expected sales between 900 thousand tons and 1.45 ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.