News

USA sells more corn and soybeans

Maize (Corn)
Soybean
United States
Market & Price Trends
Published Oct 27, 2023

Tridge summary

Corn sales to foreign buyers increased by 53% from the previous week, with Mexico being the biggest buyer. Soybean sales also rose, with China being the largest purchaser. However, wheat sales saw a decrease compared to the previous week.
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

Mexico was the biggest buyer with 762.4 thousand tons, followed by Colombia with 241.9 thousand tons and Japan with 149.4 thousand tons. An unidentified country took 97,100 tonnes and Costa Rica purchased 64,300 tonnes of US corn. Exports for the week were 483,700 tons, a 6% drop week-on-week and the lowest level since the start of the business year on September 1, the USDA said. Soybean sales jumped to 1.38 million tons last week, an increase of 1% compared to the previous week and 43% compared to the average. This is also the highest amount acquired since the 2023-2024 year that began at the beginning of September. China purchased 1.17 million tonnes, Mexico purchased 215,900 tonnes, Bangladesh purchased 172,800 tonnes, Taiwan purchased 85,200 tonnes and Italy purchased 50,000 tonnes. The total would have been higher, but an unknown destination canceled ...
Source: Agrolink
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