As of the week ending June 6, 2024, the inspected export volume of American soybeans was 231,002 tons, revised from 361,217 tons in the previous week, with an initial value of 348,644 tons. On the product structure, the operating income of products valued at 10-30 billion yuan were 401/1288/60 million yuan respectively.
Market expectations before the data was released:
According to a survey of industry analysts, as of the week ending June 6, 2024, the inspected export volume of American soybeans is expected to be 200,000-400,000 tons, corn is expected to be 1-1.425 million tons, and wheat is expected to be 300,000-475,000 tons.
Report on the inspected export volume of American soybeans
According to the data of the US Department of Agriculture, as of the week ending June 6, 2024, the inspected export volume of American soybeans was 231,002 tons, revised from 361,217 tons in the previous week, with an initial value of 348,644 tons. As of the same week in 2023, the inspected export volume of American soybeans was 147,645 tons. As of the current crop year, the cumulative inspected export volume of American soybeans is 40,538,570 tons, compared to 48,842,357 tons during the same period last year. The crop year for American soybeans starts on September 1st.
Report on the inspected export volume of American corn
According to the data of the US Department of Agriculture, as of the week ending June 6, 2024, the inspected export volume of American corn was 1,339,849 tons, revised from 1,416,488 tons in the previous week, with an initial value of 1,374,391 tons. As of the same week in 2023, the inspected export volume of American corn was 1,170,114 tons. As of the current crop year, the cumulative inspected export volume of American corn is 39,123,347 tons, compared to 31,103,754 tons during the same period last year. The crop year for American corn starts on September 1st.
Report on the inspected export volume of American wheat
According to the data of the US Department of Agriculture, as of the week ending June 6, 2024, the inspected export volume of American wheat was 352,202 tons, revised from 427,276 tons in the previous week, with an initial value of 416,010 tons. As of the same week in 2023, the inspected export volume of American wheat was 247,958 tons. As of the current crop year, the cumulative inspected export volume of American wheat is 296,616 tons, compared to 318,450 tons during the same period last year. The crop year for American wheat starts on June 1st.