#Wheat export sales were weaker than some estimates predicted, but they did include two cargoes to #China (110kt total). China bought a small volume of old-crop #soybeans. New-crop beans were sold to unknown, China and Mexico. Mexico bought 644kt new-crop #corn.
(from Monday morning) Last week's U.S. #corn & #wheat export inspections were above the range of expectations, #soybeans were in line. The 33% deficit for corn vs last year has been pretty constant in recent months, though last week's volume was better than in recent weeks.
This table is getting full, but it's helpful to see how the USDA & Pro Farmer numbers stack up against each other & past years. Versus USDA, Pro Farmer sees notable #corn yield downside in Minn & Neb, plus a sub-200 in Iowa. Not much disagreement elsewhere, small upside in IL.
