US informs new corn sales to China this 4th and volume in the week approaches 2 million t
Maize (Corn)
United States
Published Mar 17, 2023
Tridge summary
The USDA (United States Department of Agriculture) reported a new sale of 641 thousand tons of corn to China on Thursday (16). The volume is all from the 2022/23 harvest and this is the third announcement of this week's sale of large volumes of cereal to the Chinese.
In total, the announced sales this week reach 1.97 million tons.
"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
The USDA (United States Department of Agriculture) reported a new sale of 641 thousand tons of corn to China on Thursday (16). The volume is all from the 2022/23 crop and this is the third announcement of this week's sale of large volumes of cereal to the Chinese. In total, the announced sales this week reach 1.97 million tons. "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 ...
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