Soybeans: USA sells 3.92 million tons of the 2023/24 harvest in the week

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 11/16/2023 - United States exporters reported sales of 3.92 million tons of soybeans from the 2023/24 harvest in the week ending November 9, the United States Department of Agriculture (USDA) recently reported. . The volume - the highest recorded in the commercial year - represents a significant increase compared to the previous week and in relation to the average of the previous four weeks. The main buyers this week are China (2.615 million tons), undisclosed destinations (721.3 thousand tons), the Netherlands (123.5 thousand tons), Vietnam (72.6 thousand tons) and Turkey (72.3 thousand tons ), which compensated for the cancellations made by Colombia (1 thousand t), Barbados (200 t) and Costa Rica (100 t). The total volume sold was within analysts' estimates, which ranged from sales of 2.9 million to 4.5 million tons. Shipments for the period totaled 1.99 million tons, down 11% ...