Weekly export inspections for week ended Sept. 29 reported wheat inspections notably above expectations, while corn and beans were as expected. Soybean inspections are currently running 3.2% behind a year ago.
USDA’s quarterly grain stocks data showed YOY increases for corn, soybeans and wheat. Corn stocks were pegged at 1.376 billion bu., below the average trade estimate of 1.512 bb, with soybeans 32 million bu. higher.
Weekly export sales data for week ended Sept. 22 revealed a sizable figure for soybeans at 1,003,000 MT, while corn and wheat each landed within the range of expectations.
Weekly grain inspected for export through Sept. 22, proved dismal as corn and soybean inspections were reported below expectations, while wheat inspections were notably lower for the week but within the expected range.
Weekly export sales data through week ended Sept. 15 revealed corn export sales for the week continued to fall behind year-ago levels by 50%, while soybeans remained steadily ahead.
Weekly export data for week ended Sep. 8 reported soybean export sales have had a considerable start to the marketing year; ahead of last year’s pace, while corn lags by 50%.
USDA reduced the national corn yield as expected, but trimmed soybeans a bushel more than the average trade estimate of 51.5 bpa in its release of the September WASDE.
Weekly export inspections for week ended Sep. 8 revealed wheat inspections above trade expectations; corn and soybean inspections continue to run ahead of year-ago levels.
