Weekly US grain movement; corn continues a strong trend
Maize (Corn)
United States
Published Jun 28, 2022
Tridge summary
The latest set of grain export inspection data from USDA, out Monday morning and covering the week through June 23, held mixed but mostly positive data for traders to digest. However, volume for corn, soybeans, and wheat came in largely as expected and failed to alter grain prices in any significant manner immediately following the report.
Original content
The latest set of grain export inspection data from USDA, out Monday morning and covering the week through June 23, held mixed but mostly positive data for traders to digest. However, volume for corn, soybeans and wheat came in largely as expected and failed to alter grain prices in any significant manner immediately following the report. Corn export inspections reached 49.1 million bushels last week, moving slightly higher week-over-week. That was on the very high end of trade estimates, which ranged between 35.4 million and 49.2 million bushels. Cumulative totals for the 2021/22 marketing year remain substantially behind last year’s pace, with 1.867 billion bushels since the beginning of last September. Japan was the No. 1 destination for U.S. corn export inspections last week, with 18.8 million bushels. Mexico, China, South Korea and Panama rounded out the top five. Sorghum export inspections doubled in volume from a week ago, climbing to 5.9 million bushels. Most of that grain ...
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