According to the United States Department of Agriculture (USDA), North American exporters registered a significant volume of cancellations of 186.7 thousand tons of corn from the 2022/23 harvest during the week ending on May 25. Despite this, sales were still strong, albeit below the average of the previous four weeks.
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According to the United States Department of Agriculture (USDA), North American exporters registered a significant volume of cancellations of 186.7 thousand tons of corn from the 2022/23 harvest during the week ended on May 25. Despite this, sales were still strong, albeit below the average of the previous four weeks. The main buyers this week were Mexico, purchasing 172.4 thousand tons, followed by Colombia (76.5 thousand tons), Saudi Arabia (71.6 thousand tons), China (70.8 thousand tons) and Japan (69. 5 thousand tons). These sales offset cancellations made by undisclosed destinations (286.9 thousand tons), Honduras (13.8 thousand tons), El Salvador (6.9 thousand tons), Panama (4.7 thousand tons) and Canada (400 tons ). For the 2023/24 crop year, 312.6 thousand tons of corn were sold, with the main buyers being Mexico (207 thousand tons), undisclosed destinations (53.3 thousand tons), Japan (50 thousand tons), Honduras (1.8 thousand tons) and Guatemala (500 tons). In total, the ...
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