USDA: China top destination for U.S. soybeans last week

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USDA: China top destination for U.S. soybeans last week

The USDA says that while soybean export inspections have improved in recent weeks, the 2018/19 pace continues to trail 2017/18. As of the week ending August 15th, corn and sorghum also trail last marketing year’s pace, while wheat is moving out faster than expected. The 2019/20 marketing year for wheat got underway June 1st, while 2018/19 for beans, corn and sorghum runs through the end of August.

Wheat came out at 488,905 tons, down 221,728 from the week ending August 8th, but up 416 from the week ending August 16th, 2018.

Continue reading USDA: China top destination for U.S. soybeans last week at Brownfield Ag News.

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