USDA: 22/23 and 23/24 weekly sales of US grains within expectations; corn cancellations

Published 2023년 5월 4일

Tridge summary

The article reports on the USDA's latest sales report for the 2022/23 and 2023/24 crops, covering soybeans, corn, wheat, and cotton. Soybean sales for the current and next season were in line with expectations, with China as the main buyer. Corn sales for the current season were lower than expected, primarily to Japan, while sales for the next season were higher, mostly to Mexico. Wheat sales for the current season were as expected, with Mexico as the main market, and sales for the next season were notably higher. Cotton sales for the current season were above expectations, with China as the main buyer, and sales for the next season were also higher, primarily to Turkey.

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

Original content

Weekly sales of soybeans, corn and wheat for the 2022/23 and 2023/24 US crops, in the week between April 21-27, came in line with market expectations. The report was released this Thursday (04) by the United States Department of Agriculture (USDA). SOY Soybean sales for the 2022/23 crop in the period totaled 289,700 tons, down 7% from the previous week, but 78% higher than the previous four-week average. The main destination was China. The market expected sales of between 100 and 400 thousand tons. In every season, the total oilseed already compromised by the country reaches 50.70 million tons out of a total estimated by the USDA of 54.84 million tons. From the 2023/24 season, sales were recorded in the period of 67 thousand tons, most of which also went to China. The market expected oilseed sales in the new season to be between 0 and 100,000 t. CORN For corn, net sales for the 2022/23 crop last week amounted to reductions of 315,600 t, a low in the marketing year, much lower than ...

Source: NoticiasAgricolas