The US sells 524,000 tons of 2021/22 soybeans per week, according to the USDA

The dollar works less compared to most currencies

São Paulo, 30 – US exporters sold 524,000 tons of soybeans from the 2021/202 crop in the week ending Dec. 23, the country’s agriculture ministry said Thursday, 30 in a weekly report. Volume, the lowest in a business year, is a 35% decrease compared to the previous week and a decrease of 56% compared to the average of the previous 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)), which offset the cancellations made. Mainly by undisclosed destinations (494.5 thousand tons).

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

The combined yields were slightly below the expectations of analysts who were consulted Dow Jones Newswireswhose volume is expected between 600 thousand and 900 thousand tons per week.

Total shipments for the period amounted to 1.723 million tons. Volume is a 7% decrease compared to the previous week and 19% compared to the four-week average. The main destinations for this 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).

corn

US exporters sold 1.247 million tons of the 2021/22 corn crop in the week ending December 23. The volume is a 27% increase compared to the previous week and a 2% decrease compared to the average of the previous four weeks.

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

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For 2022/23, 60 thousand tons were sold to Japan.

The combined yields were higher than the estimates of the analysts they consulted Dow Jones NewswiresWhich expected sales of between 500,000 and 750,000 tons per week.

The total shipments that took place in the period amounted to 921.4 thousand tons, down 16% from the previous week and by 9% compared to the average of the previous 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

US exporters sold 19,500 tons of 2021/22 wheat in the week ending December 23, the USDA said. The volume is a 53% decrease compared to the previous week and 43% compared to the average of the previous 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), which mainly offset the cancellations made before Undisclosed destinations. (70.6 thousand tons).

The result was lower than the estimates of analysts who consulted Dow Jones NewswiresWhich expected sales between 300 thousand and 500 thousand tons.

Shipments in the period totaled 335,000 tons, an increase of 76% over the previous week and 28% compared to the average of the previous four weeks. The main destinations in the 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 Newswires.

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About the Author: Camelia Kirk

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