Sales of the 23/24 wheat harvest in the United States total 622.8 thousand tons and are above expectations
Grains, Cereal & Legumes
Market & Price Trends
Published Dec 1, 2023
The United States Department of Agriculture reported that weekly net sales of wheat from the 2023/24 harvest were higher than the previous week and the four-week average, reaching 622.80 thousand tons. However, this volume was below market expectations, which ranged from 200 to 500 thousand tons. In total, the US has already committed 12.69 million tons of wheat for the year, and the USDA estimates wheat exports for the current harvest to be around 19.05 million tons.
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.
The volume reported by the North American department was below market expectations, which ranged from 200 to 500 thousand tons of cereal. Throughout the commercial year, the country has already committed 12.69 million tons of cereal, compared to 12.06 million tons the previous week and 13.45 million tons the previous year. The USDA's total estimate is for wheat exports of around 19.05 million tonnes in the current harvest, according to the US department's report. Sales for the 2024/25 harvest totaled 12 thousand tons, ...