The USA sells 176.3 thousand tons of the 2023/24 wheat harvest in the week

Published 2023년 11월 16일

Tridge summary

United States exporters reported a significant drop in wheat sales for the 2023/24 harvest, with a 50% decline compared to the previous week and a 57% decline compared to the average of the past four weeks. The main buyers included undisclosed destinations, Algeria, South Korea, Honduras, and Haiti, while the Netherlands and Barbados cancelled their orders. No sales were reported for the 2024/25 harvest. However, shipments saw a significant increase compared to the previous week, with the Philippines, Mexico, South Korea, Algeria, and Brazil being the main destinations.

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

Original content

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 11/16/2023 - United States exporters reported sales of 176.3 thousand tons of wheat from the 2023/24 harvest in the week ending November 9, the United States Department of Agriculture (USDA) recently reported. The volume represents a 50% drop compared to the previous week and a 57% drop compared to the average of the previous four weeks. The main buyers were undisclosed destinations (57.5 thousand t), Algeria (44.2 thousand t), South Korea (29.3 thousand t), Honduras (14.6 thousand t) and Haiti (12.1 thousand t), which compensated for the cancellations made by the Netherlands (500 t) and Barbados (100 t). For the 2024/25 harvest, no sales were reported. The total sold was below analysts' forecasts, which expected sales of between 250 thousand tons and 500 thousand tons. Shipments totaled 310.5 thousand tons, a significant ...

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