exporter from WE reported sale of 598.1 thousand tonnes Corn harvest 2022/23 in the week ending February 23, announced this Thursday, 2, United States Department of Agriculture (USDA).
Sales were 27% below the previous week and 48% below the previous four week average.
During the week, the main buyers are Mexico (207.4 thousand t), Japan (111.9 thousand t), Colombia (103.7 thousand t), China (76 thousand t) and undisclosed destination (30.8 thousand t), which offset the cancellations made by Honduras (2.2 thousand t) and El Salvador (2 thousand t).
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For the 2023/24 growing year they are not reported.
Sales are nearing the bottom of forecasts of analysts consulted Dow Jones Newswireswhich expect volumes of between 500 thousand tonnes and 1.2 million tonnes a week.
Shipments for the period totaled 666,400 tonnes in the week, 3% below the previous week but 13% above the previous four week average.
The main destinations are Mexico (338.7 thousand t), Colombia (126.7 thousand t), Japan (85.4 thousand t), Honduras (51.9 thousand t) and Canada (14.6 thousand t).
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