News

Wheat/USDA: In the US, cancellations exceed sales by 2,300 tons of the 2021/22 crop in the week

Wheat
United States
Published May 27, 2022

Tridge summary

São Paulo, 05/26/2022 - Cancellations surpassed by 2,300 tonnes the sales of US wheat exporters for the 2021/22 crop in the week ended May 19, the US Department of Agriculture recently reported. (USDA). The performance, worse in the business year, is significantly lower than the previous week and the average of the previous four weeks.

Original content

During the week, the main buyers were Italy (20 thousand t), Nigeria (8.2 thousand t), the Philippines (5.5 thousand t), Canada (2.9 thousand t) and Japan (1.7 thousand t), which were offset by cancellations made by Mexico (38.2 thousand t) and undisclosed destinations (2.7 thousand t). For the 2022/23 harvest, 246.3 thousand tons were sold. The main buyers were the Philippines (60,000 t), Japan (59,600 t), Taiwan (40,000 t), Mexico (36,800 t) and Honduras (32,000 t), which compensated for cancellations made by destinations not revealed (1 thousand t) and Nigeria (1 thousand t). The sum of the two crops was within the forecast of analysts consulted by Dow Jones Newswires, who expected volume between 150 thousand and 500 thousand tons in the week. Shipments in the period totaled 298,200 tonnes, down 14% from ...
Source: Broadcast
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