Export inspections for #corn remained elevated last week, but shipments of #soybeans were on the weaker side. #Wheat has a pretty solid start to 2020/21. Total 2019/20 inspections for soybeans slipped behind 18/19 for the first time this year**
Through May, USA has exported $6.01B worth of ag+related goods to #China in 2020. That compares w/ $8.66B in Jan-May 2017 (-20%). Aside from last year, that is the weakest Jan-May since 2009. But the trajectory has improved. April was a bit above avg & May was 2nd strongest.