Corn/USDA: USA sells 1.81 million tons of the 2023/24 harvest in the week

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 ...