Corn/USDA: USA sells 810.1 thousand tons of the 2023/24 harvest in the week

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 05/31/2024 - United States exporters reported sales of 810.1 thousand tons of corn from the 2023/24 harvest, including cancellations, in the week ending May 23, the Department of Agriculture of the United States recently reported. United States (USDA). The volume represents a decline of 11% compared to the previous week and 2% compared to the average of the previous four weeks. The main buyers were Mexico (382.5 thousand t), Spain (165 thousand t), Japan (125.8 thousand t), China (67.2 thousand t) and Colombia (59.2 thousand t), which offset the cancellations made by undisclosed destinations (45.1 thousand t) and Nicaragua (7.5 thousand t). For the 2024/25 harvest, sales of 187.8 thousand tons were reported to Mexico (185.2 thousand tons) and Honduras (2.6 thousand tons). The total volume sold, of 997.9 thousand tons, was within analysts' estimates, who expected sales between 650 thousand tons and 1.3 million tons. ...