USDA: In-season US soybean shipments are 24% lower than a year ago

Published 2024년 1월 29일

Tridge summary

The United States Department of Agriculture (USDA) has published its weekly shipment numbers for soybeans, corn, and wheat. Soybean and corn shipments were within the projected range, with 889,717 thousand tons and 901,958 thousand tons respectively. However, wheat shipments fell short of expectations, with only 264,666 thousand tons shipped compared to the projected range of 350 thousand to 550 thousand tons.

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

Original content

This Monday (29), the USDA (United States Department of Agriculture) brought its updated weekly shipment numbers with soybeans and corn within expectations and wheat below expectations. In the week ending January 25, the US shipped 889,717 thousand tons of the oilseed, while traders' projections ranged from 500 thousand to 1.3 million tons. In every commercial year, American shipments already totaled 27,666,073 million tons, 24% lower than that recorded a year ago, in the same period. Regarding corn, the country's corn shipments were, last week, 901,958 thousand tons, in line with the range of market expectations of 700 thousand to 1.1 million tons. With this volume, total shipments now reach 15,638,118 million tons, 30% higher than ...

Source: NoticiasAgricolas