@kannbwx

U.S. #corn and #wheat inspections were above expectations last week. 

The prior week's total for #soybeans was increased by 263kt to 2.9 mmt. This week, 1.3 mmt beans were for #China.

@kannbwx

The 2.9 mmt of U.S. #soybeans inspected for export in the week ended Nov. 4 was among the all-time highs, though there remains a nearly 800kt discrepancy between inspections and the exports reported by weekly export sales on Friday (3.7 mmt).

@kannbwx

NOPA U.S. crush, Oct. 2021:183.993 mln bu of #soybeans

3rd highest on record, -0.7% from Oct. 2020

Above analyst guess of 181.945

Reflects withdrawal of 1 NOPA member Soyoil stocks up to 1.835 bln lbs (trade was 1.724)

Oil yield 11.89 lb/bu (highest since 2014)

From this morning:

@kannbwx

USDA confirms the following U.S. export sales for delivery in 2021/22:

132,000 tonnes of #soybeans to #China  

30,000 tonnes of soybean oil to #India

@kannbwx

U.S. #soybeans headed to their destinations during peak shipping season. Steady line of cargoes en route to #China, many of which recently left the U.S. Gulf or Pacific Northwest.

@kannbwx

How much of a country's #corn or #wheat needs is covered by imports? For most importers, foreign grain accounts for a good chunk of yearly consumption. But not for #China, where the corn and wheat crops are 2.5x larger than for all other countries on this list combined.

OK export sales last week.

#China had 726kt #soybeans (incl. 394kt switched from unknown).

#Canada had 230kt #corn, #Mexico 210kt. 

Weekly exports shown at 1.17 mmt for corn and 2.34 mmt for beans.