USDA: Weekly sales of 2022/23 U.S. soybeans and wheat come in below expectations, corn as expected

Published 2023년 3월 23일

Tridge summary

The USDA's recent report on agricultural sales for the week of March 10-16, 2023, revealed mixed results for soybeans, wheat, and corn sales, with only corn meeting market expectations. Soybean sales for both the 2022/23 and 2023/24 harvests fell significantly short, with China being the primary destination for the 2022/23 crop. Corn sales, on the other hand, surpassed expectations, with China also being the main buyer. Wheat sales for the 2022/23 season saw a considerable drop, with Mexico as the main market, while sales for the 2023/24 season were directed to Trinidad and Tobago. Cotton sales for the 2022/23 season experienced an increase, with Vietnam as the primary buyer.

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

Original content

Weekly sales of US soybeans and wheat for the week of March 10-16 came in below market expectations, while corn was in line with expectations, according to the US Department of Agriculture (USDA) report. in English) released this Thursday (23). SOY Soybean sales for the 2022/23 crop in the period totaled 152,500 tonnes, down 77% from the previous week and 55% below the four-week average. The main destination was China. The market expected between 400 and 900 thousand tons. In every season, the total oilseed already compromised by the country reaches 49.48 million tons out of a total estimated by the USDA of 54.84 million tons. For the 2023/24 harvest, sales totaled 199 thousand tons, mainly to unknown destinations. The expectation was for a volume between 0 and 200 thousand tons in this report. CORN For corn, weekly sales for the 2022/23 crop last week totaled 3.09 million t, a peak in the season. The main destination was China. Market expectations fluctuated between 1.7 to 3.4 ...

Source: NoticiasAgricolas