For the week ending Sept. 6, grain export inspections saw typical mixed results, with corn totals coming in well below the prior week’s tally, while soybeans and wheat tracked slightly higher week-over-week.

 
Soybean export inspections rebounded 19% from the prior week to reach 34.0 million bushels – landing on the high end of trade estimates that ranged between 35 million and 36 million bushels. The weekly rate needed to reach USDA forecasts inched ahead to 39.0 million bushels, with cumulative totals for the 2018/19 marketing year starting off 24% slower than a year ago.
 
Egypt was the No. 1destination for U.S. soybean export inspections last week, with 5.0 million bushels. Other top destinations included Taiwan (4.0 million), Vietnam (2.7 million), the Netherlands (2.6 million), Pakistan (2.5 million), China (2.5 million), Iran (2.5 million) and Japan (2.3 million).
 
“Another load of soybeans was loaded out last week and is still bound for China, according to the latest GPS data with 2.46 million bushels out of the Pacific Northwest,” notes Farm Futures senior grain market analyst Bryce Knorr.