Corn/USDA: USA sells 1.06 million tons of the 2023/24 harvest in the week

Published 2024년 6월 13일

Tridge summary

In the week ending June 6, 2024, US exporters reported sales of approximately 1.06 million tons of corn from the 2023/24 harvest, marking an 11% decrease from the previous week but a 16% increase compared to the average of the previous four weeks. The main buyers were Japan, Colombia, Mexico, and unspecified destinations, with China making up for cancellations from Honduras, Panama, and Costa Rica. For the 2024/25 harvest, sales of 69.5 thousand tons were reported to Mexico, unspecified destinations, and Panama, offsetting cancellations in Japan and Nicaragua. The total volume sold was around 1.126 million tons, in line with analysts' expectations. Shipments for the period totaled 1.249 million tons, with Mexico, Japan, Colombia, Taiwan, and China as the main destinations.
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, 06/13/2024 - United States exporters reported sales of around 1.06 million tons of corn from the 2023/24 harvest, including cancellations, in the week ending June 6, the Department recently reported of Agriculture of the United States (USDA). The volume represents a decline of 11% compared to the previous week, but an increase of 16% compared to the average of the previous four weeks. The main buyers were Japan (414.1 thousand t), Colombia (184.5 thousand t), Mexico (168 thousand t), undisclosed destinations (99.9 thousand t) and China (70.9 thousand t), which they compensated for the cancellations made by Honduras (30 thousand t), Panama (17 thousand t) and Costa Rica (200 t). For the 2024/25 harvest, sales of 69.5 thousand tons were reported to Mexico (42.6 thousand tons), undisclosed destinations (20 thousand tons) and Panama (16 thousand tons), which offset the cancellations in Japan (8 thousand tons ) and ...
Source: Broadcast

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