Wheat/USA: cancellations exceed sales by 60.9 tons of the 2023/24 harvest in the week

Published 2024년 5월 31일

Tridge summary

In the week ending May 23, United States exporters experienced a significant decline in wheat sales and cancellations for the 2023/24 harvest, with cancellations surpassing sales by 60.9 thousand tons. The main buyers included Italy, Philippines, Taiwan, Colombia, and Japan, but cancellations were made by Indonesia, Singapore, and Mexico, among others. For the 2024/25 harvest, sales totaled 381.7 thousand tons, with Brazil, Indonesia, Japan, and Mexico compensating for cancellations from Colombia. Overall, shipments totaled 354 thousand tons, with the Philippines, Taiwan, Japan, Mexico, and Venezuela as the main recipients.

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

Original content

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 05/31/2024 - United States exporters reported that cancellations exceeded sales by 60.9 thousand tons of wheat from the 2023/24 harvest, in the week ending May 23, the Department of Agriculture of the United States recently reported. United States (USDA). The volume represents a significant decline compared to the previous week and compared to the average of the previous four weeks. The main buyers in the week were Italy (17.5 thousand t), Philippines (8.8 thousand t), Taiwan (3.7 thousand t), Colombia (2 thousand t) and Japan (1.8 thousand t), which did not compensate for the cancellations made by Indonesia (55,500 t), Singapore (23,000 t), undisclosed destinations (11,000 t) and Mexico (7,900 t). For the 2024/25 harvest, exporters reported sales of 381.7 thousand tons. The main buyers were undisclosed destinations (82.1 thousand t), Brazil (60 thousand t), Indonesia (55.5 thousand t), Japan (48 thousand t) and ...

Source: Broadcast