In-season US soybean shipments are up 38% from last year

Published Feb 27, 2023

Tridge summary

The USDA's recent report on grain shipments for the week ending February 23 showed mixed results, with soybean shipments falling short of expectations at 690,984 tons, compared to the projected range of 850,000 to 1.7 million tons. However, wheat shipments exceeded expectations, and overall, corn shipments aligned with market forecasts. Despite the slight setback in soybean shipments, the season's total shipments have seen a 3% increase from the previous year, reaching 42,084,142 million tons. Corn shipments, totaling 14,308,175 million tons, have experienced a 38% decrease from last year's figures, highlighting the varied performance across different grain shipments.

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

Original content

The USDA (United States Department of Agriculture), this Monday (27), brought its new weekly bulletin of grain shipments with data below expectations for soybeans, above for wheat and within expectations for corn. In the week ended February 23, the US shipped 690,984 tons of soybeans, while the market was expecting something between 850,000 and 1.7 million. In every season, American shipments reached 42,084,142 million tons, 3% more than in the same period last year. For corn, US weekly shipments were 572,622 tons, ...

Source: NoticiasAgricolas