U.S. export inspections were not as strong as trade expectations, esp. for #corn and #wheat. Some 1.09 mmt of #soybeans were destined for #China. The weekly bean total (1.55 mmt) is larger than any total from 2018/19 - but that's not saying much.

@kannbwx

Here's some perspective on U.S. export inspections 3 months into 2019/20 for #corn & #soybeans, 6 months for #wheat. Corn YOY is huge (-), but prior years show just how big last year was. Soy YOY (+) doesn't look as impressive when compared w/ prior. Wheat a little above avg.

Karen Braun@kannbwx

That makes 4.1 mmt of #soybeans inspected for #China in Nov. - should be the most for any month since Nov. 2017. Here's the weekly chart (all destinations):

Karen Braun@kannbwx

Here's the same charts for #corn and #wheat. Corn hasn't had a > 1 mmt week since May, and last week's wheat total (247kt) was the lightest since the first week in 2018.

Arlan Suderman@ArlanFF101

African Swine Fever has definitely slashed the growth rate in China's soybean import needs. #ASF #soybeans #oatt

https://apps.fas.usda.gov/export-sales/highlite.htm

Not so good for export sales yesterday.

@kannbwx

U.S. export inspections were not as strong as trade expectations, esp. for #corn and #wheat. Some 1.09 mmt of #soybeans were destined for #China. The weekly bean total (1.55 mmt) is larger than any total from 2018/19 - but that's not saying much.

@kannbwx

That makes 4.1 mmt of #soybeans inspected for #China in Nov. - should be the most for any month since Nov. 2017. Here's the weekly chart (all destinations):

Here's the same charts for #corn and #wheat. Corn hasn't had a > 1 mmt week since May, and last week's wheat total (247kt) was the lightest since the first week in 2018.