USA: Weekly grain movement, corn and soybean volume trends higher
Maize (Corn)
Soybean
United States
Published Sep 28, 2021
Tridge summary
The newest set of grain export inspection data from USDA, out Monday morning and covering the week through Sept. 23. Corn and soybeans both made moderate inroads compared to the prior week, with each crop landing on the upper end of analyst estimates. Wheat volume was disappointing, in contrast, moving moderately lower from a week ago and falling below the entire range of trade guesses. Corn export inspections improved 28% week-over-week to reach 20.4 million bushels.
Original content
That was near the upper end of trade estimates, which ranged between 11.8 million and 22.6 million bushels. Cumulative totals for the 2021/22 marketing year are still well below last year’s pace so far, with 44.9 million bushels since the start of September. Mexico accounted for more than half of all U.S. corn export inspections last week, with 11.6 million bushels. Japan, Honduras, Costa Rica and Panama rounded out the top five. Sorghum export inspections moved substantially higher week-over-week, climbing to 4.6 million bushels. That grain is bound for China, Mexico and Vietnam. Cumulative totals for the 2021/22 marketing year are still off to a sluggish start compared to a year ago after reaching 5.2 million bushels since Sept. 1. Soybean export inspections improved to 16.2 million bushels last week, versus the prior week’s tally of 10.2 million bushels. That was also on the higher end of trade estimates, which ranged between 5.5 million and 18.4 million bushels. Cumulative ...
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