Soybean Inspections Jump As China Returns To Market

Image by Gerd Altmann from Pixabay

WASHINGTON, DC – U.S. soybean export inspections climbed sharply in the week ending September 10 as China returned as the largest destination, while corn inspections eased and wheat shipments improved modestly.

Soybean inspections totaled about 24.7 million bushels, up from 17.1 million the previous week but below 30.2 million a year earlier. China accounted for roughly 12.1 million bushels, nearly half of the weekly total.

Corn inspections reached about 60.1 million bushels, down from 65.9 million the previous week and nearly even with last year. Mexico took about 18.8 million bushels, while South Korea received 10.8 million and Japan about 8.3 million.

Wheat inspections increased to about 16.8 million bushels from 15.8 million, though they remained well below last year’s 27.9 million. Pacific ports handled most wheat volume.

Sorghum inspections remained light at roughly 136,000 bushels, with shipments going primarily to China and Japan.

Farm-Level Takeaway: China’s return to the soybean inspection mix improved weekly demand, while corn remained steady and wheat exports stayed comparatively soft.