Wheat in the USA: cancellations exceed sales by 93.6 thousand tons of the 2023/24 harvest in the week

Published 2024년 4월 18일

Tridge summary

In the week ending April 11, 2024, the U.S. saw a net decrease in wheat sales for the 2023/24 harvest, with cancellations outpacing sales by 93.6 thousand tons, according to the USDA. This downturn contrasts with the previous week and the four-week average. However, new sales for the 2024/25 harvest reached 222 thousand tons, bringing the total sales for both harvests to 128.4 thousand tons, which met analysts' expectations. Shipments during this period amounted to 487.8 thousand tons, a 22% decrease from the prior week, yet consistent with the four-week average. The report highlighted significant cancellations from China, alongside notable sales to Mexico, Japan, and Italy.

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, 04/18/2024 - United States exporters reported that cancellations exceeded sales by 93.6 thousand tons of wheat from the 2023/24 harvest in the week ending April 11, the United States Department of Agriculture recently reported United States (USDA). The volume represents a significant drop compared to last week and in relation to the average of the previous four weeks. The main buyers in the week were Indonesia (27 thousand t), Honduras (11.2 thousand t), Philippines (9.9 thousand t), Antilles islands (9.5 thousand t) and Mexico (8.9 thousand t) , which did not compensate for the cancellations made by China (123.7 thousand t), undisclosed destinations (48 thousand t), Nicaragua (16 thousand t), Jamaica (700 t) and Colombia (700 t). For the 2024/25 harvest, exporters reported sales of 222 thousand tons. The main buyers were Mexico (74.2 thousand t), undisclosed destinations (65 thousand t), Japan (27.5 thousand t), ...

Source: Broadcast