USDA brings weekly sales of US soybeans, corn, and wheat below the volumes recorded in the previous week

Weekly net sales of corn for the 2023/24 harvest totaled 1.432 million tons between November 10th and 16th, a 21% drop compared to the previous week (1.8 million tons), but 16% higher compared to the average of the previous four weeks, according to the US Department of Agriculture (USDA, in English) in a report this Friday (24), with emphasis on Mexico. The market expected sales of the cereal between 700 thousand and 1.15 million tons. In the entire commercial year, the USA has already sold 22.53 million tons, compared to 21.09 million tons in the same period of the previous harvest. The department estimates that cereal exports from the USA reach 52.71 million tons. SOY Soybean sales from the 2023/24 harvest totaled 961.30 thousand tons, a drop of 75% compared to the previous week (3.92 million tons) and 47% compared to the average of the previous four weeks, with emphasis on China . The volume is within market expectations, between 800 thousand and 1.2 million tons. In the entire ...