U.S. export inspections were as expected last week. One cargo of #soybeans went to #China, and #corn inspections were above 1 mmt for the 4th week in a row. With 17 days left in 2019/20, total #wheat inspections were just barely above a year ago.
Export sales.............huge for beans(buy the rumor sell the fact price action)
#Mexico cancelled new-crop #corn last week, but #China bought 737kt old-crop and 462kt new-crop #soybeans.
That's 1.2 mmt total to China, the 2nd largest week in more than a year.
2nd largest #soyoil sales of 19/20 - incl. 20kt to China.
#Wheat sales fairly solid.