USDA: US sells 59,000 tonnes of 2021/22 corn a week

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SAO PAULO, 14 – US corn exporters reported sales of 59,000 tons of corn for the 2021/22 crop in the week ending July 7, the United States Department of Agriculture (USDA) reported this Thursday. Volume represents a significant drop compared to last week’s trading and 72% compared to the average of the past four weeks.

During the week, the main buyers were Japan (124,100 tonnes), Mexico (57,000 tonnes), Morocco (30,200 tonnes), El Salvador (11,500 tonnes) and Nicaragua (7,500 tonnes), mainly made to undisclosed destinations (113.4 tonnes). compensate for cancellations. thousand t) and Canada (54.6 thousand t).

348.2 thousand tonnes were sold for the 2022/23 crop. The main buyers were Japan (130.6 thousand tons), China (90.5 thousand tons), Colombia (60 thousand tons), Mexico (36.5 thousand tons) and El Salvador (15 thousand tons).

The sum of the two crops resulted in the forecast of the analysts consulted by dow jones newswiresThose who expected volume between 100 thousand tons and 600 thousand tons a week.

The total shipments made during this period amounted to 916.1 thousand tonnes. The result shows a drop of 11% over the previous week and 24% compared to the average of the last four weeks.

soy

The USDA said 2021/22 crop sales by US exporters fell by 362,900 tonnes in the week ending July 7.

During the week, the main buyers were the Netherlands (67,600 tonnes), Germany (64,100 tonnes), Algeria (42,900 tonnes), Vietnam (14,800 tonnes) and Peru (12,400 tonnes), which did not compensate for cancellations by unknown destinations ( 367.6 thousand tons), China (130.8 thousand tons), Egypt (68.9 thousand tons) and Costa Rica (16 thousand tons).

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113.9 thousand tonnes were sold for the 2022/23 crop. The main buyers were China (90 thousand tons), Costa Rica (16 thousand tons) and Japan (7.7 thousand tons).

The sum of the two crops was less than the forecast advised by the analysts dow jones newswiresWho had expected sales of up to 400 thousand tonnes a week.

The total shipments in this period were 440.9 thousand tonnes. Volume is down 13% from the previous week and 16% below the four-week average.

wheat

The USDA said US wheat exporters reported sales of 1.02 million tonnes of wheat for the 2022/23 crop in the week ending July 7. The volume shows a significant increase as compared to the previous week and the average of the last four weeks.

The main buyers were China (265,300 tonnes), South Korea (148,400 tonnes), Mexico (91,300 tonnes), unknown destinations (74,300 tonnes) and Guatemala (69,800 tonnes). t) and Nigeria (4.5 thousand t).

30 thousand tons were sold to Brazil for the 2023/24 crop.

The sum of the sales of the two crops was much higher than the forecast of the analysts, who were consulted by dow jones newswiresThose who expected the quantity between 200 thousand to 500 thousand tonnes a week.

Shipments for the period totaled 270,000 tonnes, down 6% from the previous week and 13% below the average of the previous four weeks.


About the author: Cory Weinberg

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