Weekly grain movement in the USA

Published 2022년 2월 7일

Tridge summary

The USDA has released new grain export inspection data for the week ending February 3, 2022. The report shows that corn and wheat volume has slightly increased from the previous week, while soybean volume has decreased. Corn export inspections totaled 41.5 million bushels, with Japan as the main destination. Soybean export inspections saw a moderate decline, with China continuing to be the main importer. Wheat export inspections also increased, with South Korea as the main buyer. The cumulative totals for the 2021/22 marketing year are still behind last year’s pace for all three grains.

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

Original content

USDA’s newest batch of grain export inspection data, out Monday morning and covering the week through February 3, held few surprises for traders to digest and did little to alter today’s trajectory of grain prices immediately following the report. Corn and wheat volume moved modestly higher from a week ago, with soybeans trending moderately lower. Corn export inspections totaled 41.5 million bushels last week, moving incrementally above the prior week’s volume. The latest tally was toward the lower end of analyst estimates, which ranged between 38.4 million and 51.2 million bushels. Cumulative totals for the 2021/22 marketing year are still trending moderately behind last year’s pace, with 732.1 million bushels. Japan was the No. 1 destination for U.S. corn export inspections last week, with 11.8 million bushels. Mexico, China, Colombia and Saudi Arabia rounded out the top five. Sorghum export inspections moved moderately higher from the prior week, reaching 6.1 million bushels. ...

Source: Prairie Grain Partners