News

U.S. Wheat Export Inspections Decline, Soybeans Rise

1 Mins read

By Paulo Trevisani

The latest government data reveals that U.S. export inspections of wheat experienced a decline for the week ending September 14. According to the U.S. Agriculture Department’s report, wheat export inspections fell 9.6% to a total of 367,371 metric tons for the week, down from the previous week’s reported 406,181 tons. On the other hand, soybeans export inspections rose by 5.2%, while corn increased by 2.7%.

Lower Wheat Export Inspections in the 2023/24 Marketing Year

As for the 2023/24 marketing year, wheat export inspections have seen a significant decrease of 29%. In contrast, corn is performing well, ahead of last year’s pace by 10.5%, and soybeans are currently falling behind by 16%.

Top Destinations for U.S. Exports

Based on the USDA’s data, Indonesia emerged as the leading destination for wheat exports last week. Meanwhile, Mexico secured its position as the top buyer of U.S. corn, and China maintained its status as the primary purchaser of U.S. soybeans.

Market Performance

Grain futures on the CBOT experienced declines in Monday trading. Wheat prices were down by 2.4%, soybeans decreased by 1.5%, and corn witnessed a 1.2% drop.

For related data, please search “USDA Grain Inspections for Export in Metric Tons” in Dow Jones NewsPlus.

Related posts
News

Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation | Ethereum Ethereum Accumulation | CryptoRank.io

2 Mins read
Ethereum is trading above $2,400 after enduring several days of volatility and uncertainty. The price has managed to stabilize despite sharp intraday…
News

Economic Calendar for the Week of June 29th

1 Mins read
Notable earnings: 🦗 U.S. economic events: Chicago PMI, Fed Speeches: Bostic, Goolsbee, Dallas Fed Manufacturing Index, Quarterly Grain Stocks (Soy, Wheat, Corn)Best…
News

$TRUMP and other meme coins won't be protected by SEC, Commissioner Hester Peirce says

3 Mins read
LAS VEGAS — Now that the SEC is out of the business of regulating meme coins, investors shouldn’t expect any guidance on…

Leave a Reply

Your email address will not be published. Required fields are marked *