US: USDA reports lower-than-expected weekly soybean and wheat shipments; corn exceeds expectations

Published 2023년 3월 6일

Tridge summary

The USDA recently announced weekly shipment numbers for corn, soybeans, and wheat with unexpected results. Corn shipments were significantly higher than anticipated at 899,910 tons, while soybean shipments were lower than expected at 542,238 thousand tons. Wheat shipments also fell short of expectations at 268,136 thousand tons. Overall, corn shipments for the year have decreased by 38% from the previous year, soybean shipments have increased by 3%, and wheat shipments have decreased by 2% from the previous year.

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

Original content

The USDA (United States Department of Agriculture) brought its new weekly shipment numbers this Monday (6), with higher-than-expected data for corn, but below in the case of soybeans and wheat. In the week ended March 2, the US shipped 899,910 tons of corn, while expectations ranged from 450,000 to 750,000 tons. In the entire commercial year, the volume shipped was 15,284,666 million tons, 38% less than a year ago. Of soybeans, weekly shipments were 542,238 thousand tons, while the market expected something between 625 thousand and 1.3 million tons. With this volume, total shipments reach 42,700,611 million tons, 3% more than the total for the same period last year. The bulletin also brought ...

Source: NoticiasAgricolas