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Weekly Grain Movement – Corn and soybeans improve

Wheat volume sees another weekly decline.

Ben Potter, Senior editor

August 10, 2020

2 Min Read
Grain ship at the Port of Paranagua - Brazil
Ziviani/iStock/GettyImagesPlus

Grain export inspection data from USDA, out earlier this morning and covering the week through August 6, was mixed but mostly positive after seeing weekly increases for both corn and soybeans. Wheat bucked the overall trend, falling 32% below the prior week’s tally.

Corn export inspections firmed 58% above the prior week week’s total to reach 45.3 million bushels. But cumulative totals for the 2019/20 marketing year have fallen more than 255 million bushels behind last year’s pace, with a total of 1.541 billion bushels.

Inspections bound for China anchored total corn volume last week, with 10.4 million bushels. Mexico wasn’t far behind, with 9.5 million bushels. Japan, Colombia and South Korea rounded out the top five.

Sorghum export inspections took a big step back last week, notching just 1.5 million bushels – nearly all of which are headed to Somalia. However, cumulative totals for the 2019/20 marketing year are still more than double last year’s pace, reaching 180 million bushels.

Soybean export inspections trended moderately higher week-over-week, reaching 23.4 million bushels. Cumulative sales for 2019/20 are falling further behind last year’s pace as the current marketing year draws to a close, however, now at 1.474 billion bushels.

Related:Weekly Export Sales – New crop corn sales soar

The Netherlands topped all destinations for U.S. soybean export inspections last week, as it occasionally does, with 5.3 million bushels. China followed closely behind, with 4.9 million bushels. Mexico, Egypt and Japan filled out the top five.

Wheat export inspections fell moderately lower week-over-week, landing at just below 14.0 million bushels. Cumulative volume for the 2020/21 marketing year are maintaining a slim lead over last year’s pace for now, with 186.2 million bushels.

Japan led all destinations for U.S. wheat export inspections last week, with 3.2 million bushels. China, the Philippines, Brazil and South Korea rounded out the top five.

Click here to review the latest round of grain export inspection data from USDA.

About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings two decades of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

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