USDA: Sales of the 23/24 wheat harvest in the United States total 339.6 thousand tons; above expectations

Wheat

Grains, Cereal & Legumes

United States

Market & Price Trends

Published Mar 28, 2024

Tridge summary

The latest report on US wheat sales reveals that for the 2023/24 harvest week, sales reached 339,600 tons, exceeding market expectations but not surpassing the previous week's record. These sales, with notable purchases by Taiwan, contribute to a total of 18.73 million tons committed for the year, marking an increase from both the previous week and the same period last year. The USDA's projection for total US wheat exports stands at 19.32 million tons. Additionally, the 2024/25 season has already seen net sales of 212.80 thousand tons, with South Korea being a significant buyer. Shipments for the current period have also risen by 3% from the last week, with China making substantial purchases.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Weekly wheat sales in the 2023/24 harvest in the United States totaled 339,600 tons, noticeably below the previous week's record, but increased compared to the average of the last four weeks, according to the US Department of Agriculture (USDA, in English) this Thursday (28), with emphasis on Taiwan. The volume reported by the North American department was above market expectations, which ranged from cancellations of 100 thousand to sales of 300 thousand tons of cereal. Throughout the commercial year, the country has already committed 18.73 million tons of cereal, compared to 18.39 million tons in the previous week and 17.95 million tons in the same period of the previous year. The US department's total estimate is for US wheat exports at 19.32 million tonnes. From the 2024/25 season, net ...

Source: NoticiasAgricolas