USDA reports weekly US soybean and corn sales within market expectations

Published 2023년 3월 16일

Tridge summary

The USDA's latest weekly export sales report, released on March 16, shows soybean, corn, and soybean derivative sales in line with market expectations. For the 2022/23 soybean season, sales totaled 665,000 tons, with China as the main buyer, a 8% decrease from the same period last year. Corn sales amounted to 1,236.2 million tons, with Japan as the largest buyer, also showing an 8% decrease from the previous year. Soybean meal sales for the same season were 220.1 thousand tons, with the Philippines as the main buyer, and soybean oil sales were 3.9 thousand tons, with Mexico as the main buyer.

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

Original content

The new weekly US export sales bulletin from the USDA (United States Department of Agriculture) reported this Thursday (16) arrived with figures within market expectations for soybeans, derivatives and corn. SOY For the week ending March 9, US 2022/23 soybean sales were 665,000 tonnes, with China as the top destination. The market expected something between 50 thousand and 700 thousand tons. In every season, the total oilseed already compromised by the country reaches 49,334.9 million tons out of a total estimated by the USDA of 54.84 million. The amount, however, is 8% less than that recorded in the same period last year. From the 2023/24 harvest, sales were 66.1 thousand tons. CORN The country also sold 1,236.2 million tons of corn in 2022/23, against projections that ranged from 700,000 to 1.5 million tons. Japan was the biggest buyer of US cereal last week. With this volume, total sales in the season already reach 31,886.3 million tons, against more than 52 million a year ago. ...

Source: NoticiasAgricolas