News

USDA reports weekly export sales of corn, soybeans and derivatives within market expectations in the US

Maize (Corn)
Soybean
United States
Published Jun 3, 2023

Original content

Weekly sales of 2022/23 soybeans for export from the United States were within expectations - from the cancellation of 100,000 to sales of 300,000 tons - and totaled 123,400 tons, according to data reported by the USDA (Department of Agriculture of the United States) this Friday (2). Indonesia was the main destination for the North American oilseed. With this volume, the total already committed soybeans from the old crop by the Americans reaches 50.963.3 million tons, against more than 59 million in the same period last year. USDA estimates exports to close the season at 54.84 million. For the 2023/24 harvest, sales were 301 thousand tons, also in line with market expectations of 0 to 450 thousand tons. China was the main buyer, accounting for 256 thousand tons. CORN The department also reported that weekly corn sales for the 2022/23 crop were 186,700 tons, while the market expected something between the cancellation of 100,000 tons and sales of 400,000 tons. Mexico was the main ...
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