US sells 264,000 tonnes of corn from the 2022/23 crop in the week

Published 2022년 10월 28일

Tridge summary

In the week ending October 20, US exporters reported significant sales of 264,000 tonnes of corn from the 2022/23 crop, with major buyers including China, Mexico, Canada, Japan, and Trindad and Tobago. However, sales fell short of analysts' expectations, who predicted volumes of 300,000 to 650,000 tonnes. Despite cancellations from undisclosed destinations and Colombia, shipments totaled 619,000 tonnes, with Mexico, China, and Japan being the primary recipients.

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Original content

US exporters reported sales of 264,000 tonnes of corn from the 2022/23 crop in the week ended October 20, the US Department of Agriculture (USDA) recently reported. In the week, the main buyers were China (157.8 thousand t), Mexico (109.7 thousand t), Canada (28.4 thousand t), Japan (18.2 thousand t) and Trindad and Tobago (11 thousand t ), which offset the cancellations made by undisclosed destinations (65,700 t) and Colombia (14,000 t). No sales were reported for crop year 2023/24. Sales came in below the forecast of analysts consulted by Dow Jones Newswires, who had expected volumes between 300,000 tonnes and 650,000 tonnes in the week. Shipments for the period totaled 619,000 ...

Source: Novacana