Source: Golden Ten Data
According to data from the US Department of Agriculture, as of May 9, 2024, the US soybean export inspection volume was 40,6052 tons, higher than expected. After the previous week's revision, it was 35,8082 tons, with an initial value of 34,654 tons.
Before the US Department of Agriculture (USDA) released the latest weekly crop export inspection report, a survey of industry analysts showed that the US soybean export inspection volume last week was 200,000 to 400,000 tons; corn export inspection volume was 575,000 to 1.45 million tons, while wheat export inspection volume was 27.5-500,000 tons.
US soybean export inspection volume report
According to data from the US Department of Agriculture, as of May 9, 2024, the US soybean export inspection volume was 40,6052 tons, higher than expected. After the previous week's revision, it was 35,8082 tons, with an initial value of 34,654 tons. In the week of May 11, 2023, the US soybean export inspection volume was 190,437 tons. Up to this crop year, the total inspection volume of soybeans exported from the US was 395,37565 tons, compared to 480,45679 tons in the same period of the previous year. The U.S. soybean crop year begins on September 1. The United States shipped 7,2471 tons of soybeans to China (mainland region). The week before, the US shipped 8,3018 tons of soybeans to mainland China. US soybean export inspections to China accounted for 17.85% of the total export inspection volume in that week, compared to 23.81% last week.
US corn export inspection volume report
According to data from the US Department of Agriculture, as of May 9, 2024, the US corn export inspection volume was 937,729 tons, in line with expectations. After the previous week's correction, it was 12,99,008 tons, and the initial value was 128,5986 tons. In the week of May 11, 2023, the US corn export inspection volume was 117,3783 tons. Up to this crop year, the total inspection volume of US corn exports was 3393,3661 tons, compared to 26051,611 tons in the same period of the previous year. The US corn crop year begins on September 1. The US inspection volume for corn exports to China (mainland region) is 0 tons. The previous week, the US inspection volume of corn exports to mainland China was 70,685 tons. The US corn export inspection volume to China this week accounted for 0.0% of the total export inspection volume in that week, compared to 5.5% last week.
US wheat export inspection volume report
According to data from the US Department of Agriculture, as of May 9, 2024, the US wheat export inspection volume was 366,339 tons, in line with expectations. After the previous week's revision, it was 33,8874 tons, with an initial value of 321,244 tons. In the week of May 11, 2023, the US wheat export inspection volume was 263,439 tons. The total number of US wheat export inspections so far this crop year was 176,48,464 tons, compared to 187,35,764 tons in the same period of the previous year. The U.S. wheat crop year begins June 1.
