USDA sold 524,000 tonnes of 2021/22 soybeans in a week: USDA

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SAO PAULO, 30 – US exporters sold 524,000 tonnes of soy from the 2021/22 crop in the week ending December 23, the country’s Department of Agriculture (USDA) reported in a weekly report on Thursday. The lowest volume in the business year, representing a drop of 35% over the previous week and a 56% drop compared to the average of the past four weeks.

During the week, the main buyers were China (432.8 thousand tons), Turkey (119.5 thousand tons), the Netherlands (83.9 thousand tons), Thailand (77.4 thousand tons) and the United Kingdom (66 thousand tons). Mainly by unknown destinations (494.5 thousand tons).

For the 2022/23 harvest, 75 thousand tons were sold to unknown sites (66,000 tons) and Japan (9 thousand tons).

The totals of the two crops were slightly lower than forecast by analysts consulted by dow jones newswires, which is expected to volume between 600 thousand to 900 thousand tons a week.

The total shipments in the period stood at 1.723 million tonnes. Volume represents a drop of 7% over the previous week and 19% compared to the four-week average. The main destinations for the week were China (944.6 thousand tons), Turkey (119.5 thousand tons), the Netherlands (83.9 thousand tons), Thailand (82.9 thousand tons) and the United Kingdom (66 thousand tons).

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US exporters sold 1.247 million tonnes of the 2021/22 corn crop in the week ended December 23. Volume represents an increase of 27% compared to the sales sold last week and a decrease of 2% compared to the average of the past four weeks.

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During the week, the main buyers were Japan (385.8 thousand tons), Canada (200.1 thousand tons), unknown destinations (163.8 thousand tons), Mexico (149.1 thousand tons) and Guatemala (94.6 thousand tons).

60 thousand tons were sold to Japan for 2022/23.

The sum of the two crops exceeded the estimates of analysts, who were consulted by dow jones newswires, which had expected sales of between 500,000 and 750 thousand tonnes in the week.

Shipments made in the period totaled 921.4 thousand tons, by 16% compared to the previous week and 9% compared to the average of the last four weeks. The main destinations were Mexico (278.3 thousand tons), China (277 thousand tons), Japan (189.8 thousand tons), Canada (64 thousand tons) and Costa Rica (27.6 thousand tons).

Wheat

The USDA reported that US exporters sold 199,500 tonnes of 2021/22 wheat in the week ending December 23. Volume represents a drop of 53% compared to the previous week and 43% compared to the average of the past four weeks.

During the week, the main buyers were Taiwan (110 thousand tons), Guatemala (35.6 thousand tons), Nicaragua (30 thousand tons), Haiti (27.5 thousand tons) and Mexico (19,100 tons), mainly carried by unknown destinations. compensated for the cancellation. (70.6 thousand t).

The result was lower than the estimates of the analysts consulted dow jones newswires, whose sales are expected to be between 300 thousand to 500 thousand tonnes.

The total shipments during the period stood at 335,000 tonnes, an increase of 76% over the previous week and 28% higher than the average of the last four weeks. The main destinations in this period were Japan (90.3 thousand tons), Colombia (45.2 thousand tons), Mexico (43.3 thousand tons), South Korea (30 thousand tons) and Nigeria (27.5 thousand tons). With information from Dow Jones Newswire.

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About the author: Sarah Gracie

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