US sells 797.3 million t of corn from 2020/21 crop in the week, says USDA

US sells 797.3 million t of corn from 2020/21 crop in the week, says USDA
US sells 797.3 million t of corn from 2020/21 crop in the week, says USDA
São Paulo, 1 – Exporters from the United States sold 797.3 million tons of corn from the 2020/21 harvest in the week ended March 25, the country’s Department of Agriculture (USDA) said on Thursday. The volume represents a fall of 82% in relation to the previous week and 46% in comparison with the average of the last four weeks.

The main buyers were Japan (273.1 thousand t), Colombia (245 thousand t), Saudi Arabia (139.2 thousand t), South Korea (123.5 thousand t) and Mexico (83.8 thousand t), which compensated for cancellations for undisclosed destinations (228,800 t).

For 2021/2022, sales of 60,000 tonnes to Mexico have been reported.

The result of the sum of the two harvests in the week was within the range estimated by analysts consulted by Dow Jones Newswires, which expected sales between 600 thousand tons and 1.5 million tons.

Shipments made in the period remained unchanged at 1.977 million tons, compared to the previous week, but rose 2% in relation to the average of the previous four weeks. The main destinations were Japan (434.2 thousand t), Mexico (298.1 thousand t), China (275 thousand t), Colombia (263.9 thousand t) and Taiwan (165.9 thousand t).

(With information from Dow Jones Newswires)

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