US soybean export inspections climbed sharply in the week ending 10 September as China returned as the largest destination. Inspections totalled about 24.7 million bushels, up from 17.1 million the previous week though still below the 30.2 million of a year earlier; China accounted for roughly 12.1 million bushels, nearly half the weekly total.
Corn inspections eased to about 60.1 million bushels from 65.9 million the week before, nearly level with last year. Mexico took about 18.8 million bushels, South Korea 10.8 million and Japan about 8.3 million.
Wheat inspections rose to about 16.8 million bushels from 15.8 million but remained well below last year's 27.9 million, with Pacific ports handling most of the volume. Sorghum inspections were light at roughly 136,000 bushels, mostly bound for China and Japan.
The week's figures read as improved soybean demand on China's return, steady corn and comparatively soft wheat exports — the picture into which USDA's September estimates of a smaller corn crop and higher season-average prices now fit.
Source: All Ag News




Comments
(0)