USDA: Sales of the 23/24 wheat harvest in the United States total 707.6 thousand tons and are above expectations

Published Jan 19, 2024

Tridge summary

The United States had an exceptionally high weekly wheat sales in the 2023/24 harvest, totaling 707.60 thousand tons and exceeding market expectations. The country has already committed 16.10 million tons of cereal throughout the commercial year, compared to the previous year. Despite this, wheat shipments in the period were 58% below the previous week and 37% below the last four weeks, with the highlight being purchases made by Japan.

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

Original content

Weekly wheat sales in the 2023/24 harvest in the United States totaled 707.60 thousand tons, noticeably above the previous week and the average of the last four weeks, according to the US Department of Agriculture (USDA, in English) in a report this Friday on Friday (19), exceptionally, with emphasis on the Philippines. The volume reported by the North American department was above market expectations, which ranged between 150 and 500 thousand tons of cereal. Throughout the commercial year, the country has already committed 16.10 million tons of cereal, compared to 15.39 million tons in the previous week and 15.53 million tons in the same period of the previous year. USDA's total estimate is for wheat exports to be ...

Source: NoticiasAgricolas