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

Published 2024년 5월 31일

Tridge summary

In the week ending May 23, United States exporters reported significant sales of 810.1 thousand tons of corn from the 2023/24 harvest, experiencing an 11% decline from the previous week and a 2% decrease compared to the average of the past four weeks. The main consumers included Mexico, Spain, Japan, China, and Colombia, with Mexico being the largest buyer. Despite some cancellations and a reduction in shipments by 28% from the previous week and 17% on average, the total volume sold for the 2023/24 harvest met analysts' expectations, ranging between 650 thousand tons and 1.3 million tons. For the 2024/25 harvest, sales to Mexico and Honduras were also reported, totaling 187.8 thousand tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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. ...

Source: Broadcast