United States: Corn cancellations exceed sales by 75.2 thousand tons of the 2022/23 crop in the week
Maize (Corn)
United States
Published May 26, 2023
Tridge summary
São Paulo, 05/25/2023 - United States exporters reported that cancellations exceeded sales by 75,200 tons of corn from the 2022/23 harvest in the week ended May 18, the United States Department of Agriculture reported a little while ago. (USDA). The volume represents a drop of 78% compared to the week of the previous week and a significant decrease compared to the average of the previous four weeks.
Original content
By Audryn Karolyne, with information from Dow Jones Newswires In the week, the main buyers were Mexico (216.1 thousand t), Japan (185.7 thousand t), Morocco (19.8 thousand t), Jamaica (18.1 thousand t) and Taiwan (10.9 thousand t ), which did not offset the cancellations made by China (331.6 thousand t), undisclosed destinations (216.7 thousand t), Honduras (3.6 thousand t) and Colombia (1.2 thousand t). For the 2023/24 crop year, 52.1 thousand tons were sold to Canada (25.4 thousand t), Honduras (23.4 thousand t), undisclosed destinations (3 thousand t) and Guatemala (300 t). The sum of the two harvests was within the forecast of analysts, who expected cancellations of up to 400 thousand tons or sales of up to 400 thousand tons. Shipments in the period totaled 1.503 million tons, up 38% compared ...
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