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Weekly grain movement in the US: Soybeans, wheat move higher

Grain & Cereals
United States
Supply Yield / Stock Quantity
Apr 11, 2022
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It was also a bit on the lower end of trade guesses, which ranged between 43.3 million and 76.9 million bushels. Cumulative totals for the 2021/22 marketing year are still moderately below last year’s pace, with 1.260 billion bushels. China was the No. 1 destination for U.S. corn export inspections last week, with 18.6 million bushels. Mexico, Japan, Colombia and Taiwan rounded out the top five. Sorghum export inspections fell sharply from a week ago, moving to 5.7 million bushels. That grain is largely bound for China, with Mexico and Chad picking up the slim remainder. Cumulative totals for the 2021/22 marketing year are slightly behind last year’s pace, with 181.0 million bushels. Soybean export inspections made modest week-over-week improvements to reach 28.2 million bushels. That was also toward the higher end of trade guesses, which ranged between 18.4 million and 33.1 million bushels. Cumulative totals for the 2021/22 marketing year are still substantially below last year’s ...
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