Grain Weekly Export Inspections Fall Within Estimate Range

Grain futures market update

Grain futures market update

Corn (July)

Weekly export inspections came in at 1.092 million metric tons, within the range of estimates. Crop progress showed that 88% of the U.S. corn crop is planted, 64% emerged, and 70% rated good/excellent, all within the range of expectations.

Soybeans (July)

Weekly export inspections came in at 333.1 million metric, just below the low end of the range. Yesterday’s Crop Progress report showed 65% of the U.S. soybean crop is planted, 10% ahead of the 5-year average, but behind the expected pace. 

Chicago Wheat (July)

Weekly export inspections came in at 457.8 million metric tons, within the range of expectations. Yesterday’s Crop Progress report showed spring wheat is 81% planted, behind the average pace, but ahead of estimates. The winter wheat crop has a good/excellent rating of 54%.

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