USDA brings weekly soybean and corn export sales within market expectations

Published Feb 6, 2025

Tridge summary

The USDA's latest report on weekly export sales shows that soybean and corn sales for the 2024/25 commercial year are on track, with figures similar to expectations for both crops. Soybean sales were slightly below market expectations at 387.7 thousand tons, a 9% decrease from the previous week, but 40% higher than the four-week average, with China being the primary buyer. Corn sales were within expectations at 1,477.2 million tons, a 9% increase from the previous week and 32% higher than the four-week average, with Mexico as the main buyer. Additionally, the report indicates that the US has sold more soybean meal and corn than last year, with the Philippines and Mexico as the main recipients, respectively.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA (United States Department of Agriculture) released its new weekly export sales bulletin with figures within expectations for soybeans and corn. SOYBEAN In the week ending January 30, weekly sales of 2024/25 North American soybeans were only 387.7 thousand tons, against market expectations of 300 thousand to 1.1 million tons. The volume is 9% lower than the previous week and 40% lower than the average of the last four weeks. China was the main destination for American soybeans. In the entire commercial year, the country has already committed 43,070.6 million tons, more than in the same period last year, when it was just over 38 million tons. CORN For corn, weekly sales were 1,477.2 million tons, also within the range expected by the market of 850 thousand to 1.5 million tons, with Mexico being the main buyer of American grain. Compared to the previous week, there was an increase of 9% and 32% compared to the average of the last four weeks. The USA has already sold, in ...

Source: NoticiasAgricolas