United States: Wheat cancellations exceed sales by 42.1 thousand tons of the 2022/23 crop in the week

By Audryn Karolyne, with information from Dow Jones Newswires São Paulo, 05/18/2023 - United States exporters reported that cancellations exceeded sales by 42,100 tons of wheat from the 2022/23 harvest in the week ended May 11, the United States Department of Agriculture recently reported ( USDA). The volume, the lowest in the commercial year, represents a significant drop compared to the previous week and in relation to the average of the previous four weeks. The main buyers were Nigeria (25.1 thousand t), Colombia (7.7 thousand t), Taiwan (5.9 thousand t), Philippines (2.3 thousand t) and Thailand (500 t), which did not compensate for cancellations made by undisclosed destinations (53 thousand t), Mexico (17.6 thousand t) and Vietnam (12 thousand t). For the 2023/24 season, 336.8 thousand tons were sold. In the week, the main buyers were Philippines (80 thousand t), undisclosed destinations (78.5 thousand t), Mexico (64.2 thousand t), Taiwan (46.4 thousand t) and Japan (21.2 ...