USA sold 1.42 million tons of the 2023/24 corn harvest in the week

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 12/14/2023 - United States exporters reported sales of around 1.42 million tons of corn from the 2023/24 harvest, including cancellations, in the week ending December 7, the Department recently reported of Agriculture of the United States (USDA). The volume represents an increase of 10% compared to the previous week, but a decrease of 12% compared to the average of the previous four weeks. The main buyers were Mexico (669.8 thousand t), undisclosed destinations (386.4 thousand t), China (143.3 thousand t), South Korea (65.4 thousand t) and Saudi Arabia (50 thousand t ), which offset the cancellations in El Salvador (19,100 t) and Honduras (500 t). For the 2024/25 harvest, no sales or cancellations were reported. The total sold was close to the ceiling of analysts' forecasts, which expected sales between 800 thousand tons and 1.6 million tons. Shipments for the period totaled 851 thousand ...