Wheat/USDA: USA sells 233.5 thousand tons of the 2023/24 harvest in the week

United States
Market & Price Trends
Published Feb 24, 2024

Tridge summary

US wheat sales for the 2023/24 harvest have seen a significant drop, with a 33% decrease from the previous week and a 38% decrease from the average of the past four weeks. The total sales amounted to 233.5 thousand tons, with Japan, Mexico, Nicaragua, El Salvador, and Ecuador being the main buyers. Additionally, sales for the 2024/25 harvest have been reported at 46.6 thousand tons. The combined sales of 280.1 thousand tons for both harvests were at the lower end of analysts' forecasts, which ranged between 250 thousand and 600 thousand tons.
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, 02/23/2024 - United States exporters reported sales of 233.5 thousand tons of wheat from the 2023/24 harvest, including cancellations, in the week ending February 15, the Department of Agriculture of the United States recently reported. United States (USDA). The volume represents a 33% drop compared to the previous week and a 38% drop compared to the average of the previous four weeks. The main buyers were Japan (56,400 t), Mexico (41,900 t), Nicaragua (30,000 t), El Salvador (25,000 t) and Ecuador (23,700 t), which offset the cancellations made by undisclosed destinations (14,800 t), Panama (1,500 t), Taiwan (500 t) and Philippines (200 t). For the 2024/25 harvest, exporters reported sales of 46.6 thousand tons, including cancellations, to undisclosed destinations (18 thousand tons), Mexico (16.6 thousand tons) and the Philippines (12 thousand tons). The sale of the two crops, of 280.1 thousand tons, was closer to ...
Source: Broadcast
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