Corn/USDA: USA sells 1.21 million tons of the 2023/24 harvest in the week

Maize (Corn)

United States

Market & Price Trends

Published Mar 29, 2024

Tridge summary

In the week ending March 21, 2024, U.S. exporters reported a slight increase in corn sales from the 2023/24 harvest, totaling 1.21 million tons, a 2% rise from the previous week and 4% from the four-week average. Major buyers included Mexico, Canada, Colombia, undisclosed destinations, and Japan, with minor cancellations by Morocco and Guatemala. Additionally, sales for the 2024/25 harvest reached 126.4 thousand tons, primarily to Mexico, undisclosed destinations, Japan, and Honduras. The combined sales volume of approximately 1.336 million tons aligned with analysts' expectations, though shipments during the period slightly decreased to about 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

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 03/28/2024 - 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 Department of Agriculture of the United States recently reported. United States (USDA). The volume 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 ...

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