The USDA (United States Department of Agriculture) updated its weekly export sales figures this Thursday (16th) and brought data into expectations for older crop soybeans. 317,200 tons were sold against estimates of 100,000 to 500,000 tons. China was a major destination for American oilseeds. For the full season, the country has already secured 60,277.7 million tonnes, and 2021/22 sales surpassed the latest USDA estimate of 59.06 million tonnes.
In the new crop, U.S. sales were 407,600 tons, up from 100,000 to 600,000 tons in the expected range of the market. Unpublished targets are the reason for most purchases.
The bulletin states that 140,900 tonnes of maize has been sold for the 2021/22 crop and expectations are in the range of 100,000 to 500,000 tonnes. The weekly low was during the business year. The main buyer of American grain is Mexico. In each season, U.S. sales were already 59,663.1 million tons, compared to the expected total of 62.23 million.
The United States also sold 138.9 thousand tons of corn by 2022/23, and Mexico is the main destination. The market is expected to be between 50 thousand and 400 thousand tons.
Weekly wheat sales for the 2022/23 crop, which began on June 1, were 236,900 tons, and in this case, the Mexicans were also major buyers of North American grain. The market expected range was 200 thousand to 600 thousand tons.
The report has sold 256,300 tonnes of soybean meal from the 2021/22 crop, and has sold between 100,000 and 300,000 tonnes within market expectations. The main buyer of the offspring is Colombia. Another 35.6 thousand tonnes of bran sales for the new season, ranging from 0 to 50 thousand tonnes, are the main focus of the Philippines.
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