USA sells 131.6 thousand tons of the wheat 2023/24 harvest in the week

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 01/05/2024 - United States exporters reported sales of 131.6 thousand tons of wheat from the 2023/24 harvest, including cancellations, in the week ending December 28, the Department of Agriculture of the United States recently reported. United States (USDA). The volume represents a 52% drop compared to the previous week and a 79% drop compared to the average of the previous four weeks. The main buyers were China (65.8 thousand t), Mexico (37.4 thousand t), Nigeria (13 thousand t), Dominican Republic (10.9 thousand t) and South Korea (4.6 thousand t), which offset the cancellations made by undisclosed destinations (8,500 t) and Spain (700 t). For the 2024/25 harvest, the balance was 4.3 thousand tons of sales to Mexico. The total sold, 135.9 thousand tons, was below analysts' forecast, who expected sales between 150 thousand tons and 375 thousand tons. Shipments totaled ...