USA sells 1.93 million tons of the 2023/24 corn harvest in the week

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 11/30/2023 - United States exporters reported sales of 1.93 million tons of corn from the 2023/24 harvest in the week ending November 23, the United States Department of Agriculture (USDA) recently reported. . The volume - the highest recorded in the commercial year - represents an increase of 35% compared to the previous week and an increase of 54% in relation to the average of the previous four weeks. The main buyers were undisclosed destinations (726.6 thousand t), Mexico (294.6 thousand t), Japan (258 thousand t), Taiwan (201.5 thousand t) and China (131 thousand t). For the 2024/25 harvest, no sales or cancellations were reported. The total sold exceeded the ceiling of analysts' forecasts, which expected sales between 600 thousand tons and 1.2 million tons. Shipments for the period totaled 499.9 thousand ...