September 25, 2022
Why is the stock up 10% this Thursday?  - Money Times

USDA – Money Times says US sells 217,300 tonnes of wheat in 2022/23 week through 9/8

Crop sales were within forecasts of analysts polled by Dow Jones Newswires (Image: REUTERS/Gleb Garanich)

Exporters America 217.3 thousand tons were sold Wheat For the 2022/23 crop for the week ending September 8, this Thursday, the 15th, was announced. United States Department of Agriculture (USDA).

Major buyers Iraq (100 thousand tons), Mexico (78.3 thousand tons), China (64.7 thousand tons), Nigeria (46.1 thousand tons) and Vietnam (41 thousand tons), which was compensated for cancellations made by undisclosed locations (206 thousand tons).

The crop was sold as per the forecast of analysts consulted by Dow Jones NewswiresThey expect volumes of 200 thousand to 550 thousand tons per week.

Exports during this period totaled 676.8 thousand tons.

The main destinations during this period were Mexico (198.3 thousand tons), Japan (88 thousand tons), Nigeria (76.1 thousand tons), China (64 thousand tons) and Italy (61 thousand tons).

USDA reported that the company recorded sales of 192,600 tonnes of wheat for the week of August 26 to September 1, and exports of 546,600 tonnes for the week, after experiencing technical difficulties in disclosing weekly sales.

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