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

Cotton Seed
Published Mar 24, 2023

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 ...
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