Bran/USDA: USA sells 243.4 thousand tons of the 2023/24 harvest in the week

Published 2024년 3월 21일

Tridge summary

According to the USDA, US exporters reported a 16% increase in sales of soybean meal from the 2023/24 harvest in the week ending March 14, totaling 243.4 thousand tons. The main buyers were Vietnam, undisclosed destinations, the Philippines, Venezuela, and Morocco. Additionally, sales for the 2024/25 commercial year were reported at 42.3 thousand tons to Canada and Sri Lanka. Despite a 12% decrease in shipments from the previous week, total sales of 285.7 thousand tons were within analyst estimates.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 03/21/2024 - United States exporters reported sales of 243.4 thousand tons of soybean meal from the 2023/24 harvest, including cancellations, in the week ending March 14, reported this Thursday the The country's Department of Agriculture (USDA). The volume represents an increase of 16% compared to the previous week, but a decrease of 5% in relation to the average of the previous four weeks. The main buyers were Vietnam (53,500 t), undisclosed destinations (50,000 t), Philippines (46,000 t), Venezuela (22,700 t) and Morocco (22,000 t), which compensated for cancellations made by Greece (10.4 thousand t) and Nicaragua (8.6 thousand t). For the 2024/25 commercial year, sales of 42.3 thousand tons were reported to Canada (41.8 thousand t) and Sri Lanka (500 t). Total sales, of 285.7 thousand tons, were within analyst estimates, which ranged from sales of 150 thousand tons to 425 thousand tons. Shipments during ...

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