The USA sells 1.49 million tons of the 2023/24 wheat harvest in the week

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 12/14/2023 - United States exporters reported sales of 1.49 million tons of wheat from the 2023/24 harvest, including cancellations, in the week ending December 7, the Department of Agriculture recently reported of the United States (USDA). The volume - the highest recorded in the business year - represents a significant increase compared to the previous week and in relation to the average of the previous four weeks. The main buyers were China (1.12 million tons), Philippines (124.1 thousand tons), Mexico (87.3 thousand tons), Japan (62.5 thousand tons) and Chile (32 thousand tons), which offset cancellations made by undisclosed destinations (37.4 thousand t), Malaysia (30 thousand t) and Panama (600 t). For the 2024/25 harvest, the balance was 18 thousand tons of sales to Colombia. The total sold, of around 1.508 million tons, was within the forecast of analysts, who expected sales between 1 million tons and 2 ...