Wheat/USDA: USA sells 339.6 thousand tons of the 2023/24 harvest in the week

Wheat

United States

Market & Price Trends

Published Mar 29, 2024

Tridge summary

In the week ending March 21, 2024, U.S. exporters reported a significant increase in wheat sales, with 339.6 thousand tons for the 2023/24 harvest and 212.8 thousand tons for the 2024/25 harvest, surpassing previous weeks and analysts' expectations. The main buyers were countries like Taiwan, South Korea, Japan, the Dominican Republic, Mexico, the Philippines, Honduras, and Peru. Despite some cancellations, the total sales reached 552.4 thousand tons. Shipments during this period amounted to 408.9 thousand tons, slightly up from the previous week but down from the four-week average, with China, Mexico, Bangladesh, the Dominican Republic, and South Korea as the top destinations.

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, 03/28/2024 - United States exporters reported sales of 339.6 thousand tons of wheat from the 2023/24 harvest, including cancellations, in the week ending March 21, the Department of Agriculture of the United States recently reported. United States (USDA). The volume is higher than the previous week, when cancellations exceeded sales, and represents a significant increase in relation to the average of the previous four weeks. The main buyers were Taiwan (99.2 thousand t), South Korea (70.8 thousand t), Japan (70.2 thousand t), Dominican Republic (47.9 thousand t) and Mexico (43.1 thousand t ), which offset the cancellations made by undisclosed destinations (39 thousand t), El Salvador (3.5 thousand t), Guatemala (2.5 thousand t), China (1 thousand t) and Barbados (300 t). For the 2024/25 harvest, exporters reported sales of 212.8 thousand tons. The main buyers were South Korea (130 thousand t), Mexico (34.7 thousand ...

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