For the week ending July 26, corn and soybean export inspections all posted moderately healthy numbers, as each grain narrowly topped analyst estimates for last week, with wheat coming in just below trade expectations. And despite tariffs discouraging sales from China, that country logged some modest movement, too.
Corn export inspections topped 65.3 million bushels last week, which marked a 25% improvement versus the prior week and topping trade estimates of 51.7 million bushels.
Japan captured more than 30% of the total U.S. corn export inspections last week, accounting for 20.1 million bushels. Other top destinations included Mexico (11.3 million) South Korea (11.0 million), China (5.8 million) and Colombia (4.4 million).
Soybean export inspections reached 27.2 million bushels last week, narrowly besting the prior week’s total of 26.8 million bushels and trade estimates of 26.5 million bushels.
Japan was the No. 1 destination for U.S. soybean inspections last week, with 3.5 million bushels, followed by Mexico (3.1 million), Pakistan (2.5 million) and the Netherlands (2.4 million). China rounded out the top five, accounting for nearly 2.4 million bushels.
Wheat export inspections reached 13.9 million bushels last week, which was slightly below analyst expectations of 14.6 million bushels, as well as the prior week’s tally of 15.8 million bushels.
The Philippines was the No. 1 destination for U.S. wheat export inspections last week, with 3.3 million bushels. Rounding out the top five were Thailand (2.1 million), China (1.9 million), Nigeria (1.8 million) and Chile (1.6 million).
Sorghum export inspections nearly reached 1.9 million bushels, which was significantly higher than the prior week. The East African country of Eritrea was the No. 1 destination, with 1.2 million bushels. Japan, South Africa and Mexico accounted for the remainder.
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