Corn/USDA: USA sells 1.81 million tons of the 2023/24 harvest in the week
Maize (Corn)
United States
Market & Price Trends
Published Nov 17, 2023
Tridge summary
In the week ending November 9, United States exporters sold 1.81 million tons of corn from the 2023/24 harvest, a significant increase compared to the previous week. Mexico, Japan, Colombia, South Korea, and Honduras were the main buyers, while Morocco, Canada, El Salvador, and the Dominican Republic canceled their orders. Shipments for the period totaled 683.1 thousand tons, with Mexico, Colombia, and Honduras as the main destinations.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
By Ana Ritti, with information from Dow Jones Newswires São Paulo, 11/16/2023 - United States exporters reported sales of 1.81 million tons of corn from the 2023/24 harvest in the week ending November 9, the United States Department of Agriculture (USDA) recently reported. . The volume represents an increase of 78% compared to the previous week and 81% compared to the average of the previous four weeks. The main buyers were Mexico (1.061 million t), Japan (532.9 thousand t), Colombia (124 thousand t), South Korea (59 thousand t) and Honduras (50.9 thousand t), which compensated for the cancellations made by Morocco (35 thousand t), Canada (13 thousand t), El Salvador (7.2 thousand t) and Dominican Republic (4 thousand t). For the 2024/25 harvest, no sales were reported. The total sold exceeded the ceiling of analysts' forecasts, which expected sales between 900 thousand tons and 1.7 million tons. Shipments for the period totaled 683.1 ...
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