U.S. Soybean Export Inspections Climb to 655,294 Tons as China Leads Weekly Destinations
Updated
Updated · MarketWatch · May 11
U.S. Soybean Export Inspections Climb to 655,294 Tons as China Leads Weekly Destinations
2 articles · Updated · MarketWatch · May 11
Summary
655,294 metric tons of U.S. soybeans were inspected for export in the week ended May 7, up from 505,468 tons a week earlier and 439,814 tons a year earlier, USDA said.
China was the top soybean destination, while the broader grain flow was mixed: corn inspections fell to 1.69 million tons from 2.04 million, and wheat edged up to 511,436 tons from 502,502.
111,140 tons of wheat were inspected for South Korea, the top wheat destination, while Mexico led corn shipments for the week.
CBOT grains traded higher ahead of Tuesday's WASDE report and a planned Trump-Xi summit later this week, with soybeans up 0.6%, corn 0.7% and wheat 2.1% in morning trade.