USDA sells 1.09mt of corn in week 2021/22, USDA . Is said

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SAO PAULO, 21 – US exporters sold 1.091 million tonnes of corn from the 2021/22 crop in the week ending January 13, the country’s Department of Agriculture (USDA) reported this Friday, 21 in a weekly report. Volume is significantly higher than last week’s trading and represents an increase of 48% over the past four week average.

During the week, the main buyers were Japan (370,900 tonnes), Mexico (246,100 tonnes), Colombia (86,700 tonnes), Saudi Arabia (81,300 tonnes) and China (76,900 tonnes). 1 thousand t).

105 thousand tonnes were sold for the 2022/23 crop. The main buyers were Mexico (55 thousand tons) and Japan (50 thousand tons).

The result was within the forecast consulted by analysts dow jones newswires, who had expected volume between 500 thousand to 1.2 million tonnes a week.

Shipments made in the period totaled 1.297 million tonnes, the highest volume for the commercial year, up 29% from the previous week and compared to the average of the previous four weeks. The main destinations were China (349.3 thousand tons), Mexico (321.9 thousand tons), Japan (214.5 thousand tons), Colombia (131.7 thousand tons) and Saudi Arabia (81.3 thousand tons).

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