Corn/USDA: USA sells 820.4 thousand tons of the 2023/24 harvest in the week

Maize (Corn)

United States

Market & Price Trends

Published Feb 24, 2024

Tridge summary

The United States Department of Agriculture reported a 37% drop in sales of corn from the 2023/24 harvest in the week ending February 15, with 820.4 thousand tons sold. The main buyers were Mexico, Colombia, Japan, Venezuela, and Guatemala. Sales for the 2024/25 harvest were reported at 177.7 thousand tons. The total volume sold was 998.1 thousand tons, which is within analysts' estimates. Despite the drop in sales, shipments increased by 13% compared to the previous week, totaling 1.025 million tons.

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, 02/23/2024 - United States exporters reported sales of 820.4 thousand tons of corn from the 2023/24 harvest, including cancellations, in the week ending February 15, the United States Department of Agriculture recently reported. United States (USDA). The volume represents a 37% drop compared to the previous week and a 30% drop compared to the average of the previous four weeks. The main buyers were Mexico (341.1 thousand t), Colombia (182.8 thousand t), Japan (157.7 thousand t), Venezuela (55 thousand t) and Guatemala (41 thousand t), which compensated for the cancellations made by Canada (21.8 thousand t), Nicaragua (5.3 thousand t) and Panama (3.3 thousand t). For the 2024/25 harvest, exporters reported sales of 177.7 thousand tons, already discounting cancellations. The main buyer was Japan (186.1 thousand t), which compensated for the cancellation of Mexico (8.4 thousand t). The total volume sold, of 998.1 ...

Source: Broadcast