United States: Strong soybean export inspection pace continues

Published 2020년 11월 16일

Tridge summary

The USDA has reported that soybean export inspections were higher than expected for the week ending November 12th, surpassing the requirements for the 2020/21 marketing year projections. The marketing year began on June 1st for wheat and September 1st for beans, corn, and sorghum. The report also showed an increase in wheat and corn inspections from the previous week and year over year, while soybean inspections saw a decrease from the previous week but an increase from the previous year. Sorghum inspections also increased from the previous year, with China being the main destination.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA says soybean export inspections for the week ending November 12th were above what’s needed to meet projections for the marketing year. The 2020/21 marketing year got underway June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out December 10th.Wheat came out at 325,948 tons, up 21,709 from the week ending November 5th, but down 137,101 from the week ending November 14th, 2019. The top destinations were the Philippines and Japan. For the 2020/21 marketing year to date, wheat inspections are 12,029,131 tons, compared to 11,919,154 in 2019/20. Corn was reported at 817,476 tons, 126,907 higher than the previous week and 166,329 above a year ago. The main destinations were China and Mexico. At this point in the marketing year, corn inspections are 8,394,860 tons, compared to 4,995,494 this time last year. Soybeans were pegged at 2,239,956 tons, 611,558 less than the week before, but 701,333 more than last ...

Source: Brownfield Ag