News

Wheat/USDA: USA sells 171.8 thousand tons of the 2023/24 harvest in the week

Wheat
United States
Market & Price Trends
Published Nov 25, 2023

Tridge summary

United States exporters reported a drop in sales of wheat from the 2023/24 harvest, with a 3% decrease compared to the previous week and a 41% drop compared to the four-week average. Japan, Egypt, Mexico, Jamaica, and Haiti were the main buyers, while Panama, South Korea, and Honduras cancelled their orders. Sales for the 2024/25 harvest to Panama were reported at 25.5 thousand tons, close to the bottom end of analysts' forecasts.
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.

Original content

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 11/24/2023 - United States exporters reported sales of 171.8 thousand tons of wheat from the 2023/24 harvest in the week ending November 16, the United States Department of Agriculture (USDA) recently reported. The volume represents a 3% drop compared to the previous week and a 41% drop compared to the average of the previous four weeks. The main buyers were Japan (58,800 t), Egypt (35,000 t), Mexico (34,200 t), Jamaica (22,000 t) and Haiti (14,500 t), which compensated for the cancellations made by Panama (25.7 thousand t), South Korea (17.2 thousand t) and Honduras (7.5 thousand t). For the 2024/25 harvest, sales of 25.5 thousand tons were reported to Panama. The total sold, 197.3 thousand tons, was close to the bottom of analysts' forecasts, who expected sales between 150 thousand tons and 350 thousand tons. Shipments totaled 298.6 ...
Source: Broadcast
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