US weekly corn, soybean export inspections drop; wheat climbs

US weekly corn, soybean export inspections drop; wheat climbs

Weekly export inspections
Export inspections of US grains showed a decline for corn and soybeans in the week to Thursday November 7, while weekly wheat volumes increased, according to data from the USDA released on Tuesday November 12.

Corn export inspections reached 793,012 tonnes, down by 0.6% from the previous week, but up by 10.4% year on year.

The top export destinations were Mexico (393,104 tonnes), Colombia (136,377 tonnes) and Spain (71,495 tonnes).

Yellow corn made up the majority, with 770,890 tonnes passing inspections, while 22,122 tonnes of white corn passed inspection.

Soybean export inspections totaled 2.27 million tonnes, down by 1.3% from the previous week, but up by 13.3% year on year.

Major destinations were China (1.57 million tonnes) and Egypt (174,913 tonnes).

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.15.2024

October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks

October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks

The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...

11.15.2024

UCO 2025 market clouded by China’s cancellation of export rebate

UCO 2025 market clouded by China’s cancellation of export rebate

China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...

11.15.2024

US animal protein prices steady to firmer week on week; SBM under pressure

US animal protein prices steady to firmer week on week; SBM under pressure

The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...

Latest Tweets