USD sold 140,900 tonnes of corn in week 6/9 to 2021/22, says USDA

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SAO PAULO, 17 – Exporters to the United States sold 140,900 tons of corn from the 2021/22 crop in the week ending June 9, the country’s Department of Agriculture (USDA) said in a weekly report on Thursday 16. Volume is at its lowest in a business year, down 50% compared to the previous week’s trading and 45% compared to the previous four-week average.

During the week, the main buyers were Mexico (124,500 tons), Japan (117,200 tons), South Korea (72,400 tons), Lee Ward Windward Islands (10,100 tons) and China (4.9 thousand tons), making up for cancellations made. . Mainly by unknown destinations (189.4 thousand tons).

For the 2022/23 crop, 138.9 thousand tons were sold. The main buyers were Mexico (77,000 tonnes), Japan (50,000 tonnes), unknown destination (6,100 tonnes) and Colombia (4,000 tonnes), to compensate for cancellations by El Salvador (1,300 tonnes).

The sum of the two crops resulted in the forecast of the analysts consulted by dow jones newswiresThose who expected a volume between 275 thousand tons and 800 thousand tons a week.

The shipments made during this period totaled 1.387 million tonnes. The result was unchanged from last week, but represents a 10% drop compared to the average of the previous four weeks. The main destinations were Mexico (459.7 thousand tons), China (412.9 thousand tons), Japan (230.5 thousand tons), South Korea (137.8 thousand tons) and Canada (63.6 thousand tons).

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