USA: Soybean shipments in the 22/23 season are 3% higher than in the same period last year

Published 2023년 3월 27일

Tridge summary

The USDA has reported mixed results for the US's weekly grain shipments, with lower than expected corn shipments but in line expectations for soybeans and wheat. Soybean shipments for the week ended March 23 totaled 888,707 tons, marking a 3% increase from the same period last year, while corn shipments were 666.325 thousand tons, falling short of expectations. Wheat shipments were in line with expectations at 392,484 thousand tons. Overall, North American grain shipments have decreased by 37% compared to the previous year, reaching 18,193,644 million tons.

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 updated figures for weekly shipments of grains from the country with corn data lower than expected, but soybeans and wheat within expectations. In the week ended March 23, the US shipped 888,707 tons of soybeans, while the market was expecting something between 250,000 and 900,000 tons. With this volume, the total shipped in the season reaches 44,953,271 million tons, 3% more than in the same period last year. Of corn, weekly shipments were 666.325 thousand tons, against projections that varied from 700 thousand to 1.4 million. Thus, in every commercial year, North American shipments of grain total 18,193,644 million tons, expressive 37% less than a year ago. The United ...

Source: NoticiasAgricolas