Karen Braun@kannbwx

#Soybeans demonstrating perfectly my comment from last week about using seasonal weekly paces with caution. Sometimes the destination ends up as expected but the journey was all over the place. #Corn should recover soon. Wonder if this week's number will be tweaked next week?

#Wheat inspections are 1% behind the year-ago pace. USDA has 22/23 US wheat exports down 3% from 21/22, so inspection pace implies there may be room for some weaker shipment weeks ahead. MY for US wheat ends May 31.

Karen Braun@kannbwx

#Ukraine's grain exports are down 17.7% on the season (began July 1) versus down 27% a month ago. Last year, Ukraine's exports shut off at the end of February and didn't resume until August. 22/23 YTD volumes include 21.7 mmt #corn, 12.6 mmt #wheat.

Replying to 

@kannbwx

There were still some exports going out in the Feb-August period via other ports, but the sea ports, where most of Ukraine's grain departs, were not operating. Also, the backlog of corn from the prior season allowed for some good volumes to move once the seaports reopened.

Karen Braun@kannbwx·

1h

Global traders Cargill and Viterra plan to stop exporting grain from #Russia. Cargill reportedly handles around 4% of Russia's annual grain exports, but its exit is planned for July 1, when the 2023/24 season begins. Viterra is among the largest exporters of Russian #wheat.