Export inspections last week were strong for U.S. #soybeans, incl. 1.22 mmt to #China. #Wheat inspections four months in to 20/21 are up 10% YOY, and #corn and soy are up huge after one month
Another huge week of export sales for U.S. #soybeans, with #China taking 1.54 mmt (incl. 449kt switched from unknown), despite very few explicit flashes during the week. Three unknown soy cargoes were split between Bangladesh/Vietnam. Japan/Mexico/unknown bought #corn.
To emphasize how different the 20/21 sales are from 19/20: Through Oct. 1, USA sold 40.7 mmt (1.495 bln bu) of #soybeans and 25.8 mmt (1.02 bln bu) of #corn for 20/21. In 19/20, soy sales didn't reach that mark until May 11, and corn not until February 20.
