USDA brings new US corn sales to China and week ends with more than 2 million tons
Maize (Corn)
United States
China
Published Mar 18, 2023
Tridge summary
In yet another announcement made this week, the USDA (United States Department of Agriculture) reported a new corn sale to China this Friday (17). The volume was 191 thousand tons and is all from the 2022/23 harvest.
With today's sale, the total US corn sold to the Chinese reaches 2.161 million tons this week alone.
"Two weeks ago, 1.5 million tons of corn were shipped to China, which ended up appearing this week. Rumors of large purchases of sorghum were also heard," explains the Agrinvest Commodities team. "China needs to cover April, May and June."
All sales made on the same day, to the same destination and with a volume equal to or greater than 100,000 tons must always be reported to the American department.
Original content
In yet another announcement made this week, the USDA (United States Department of Agriculture) reported a new corn sale to China this Friday (17). The volume was 191 thousand tons and is all from the 2022/23 harvest. With today's sale, the total US corn sold to the Chinese reaches 2.161 million tons this week alone. "Two weeks ago, 1.5 million tons of corn were shipped to China, which ended up appearing this week. Rumors of large purchases of sorghum were also heard," explains the Agrinvest Commodities team. "China needs to cover ...
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