Grain Express 8/30/22

Posted: Aug. 30, 2022, 9:09 a.m.

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Fundamental Spotlight

Weekly Export Inspections

Yesterday's weekly export inspections for corn came in at 689,052 metric tons, below the 821,533 we saw in the previous week. Export inspections for soybeans cam ein at 436,851 metric tons, below the 686,827 we saw in the previous week.

 

Crop Progress

Yesterday's crop progress report showed corn good/excellent ratings at 54%, a decline of 1% from last week, but in line with estimates.

Soybean good/excellent ratings came in at 57%, unchanged from last week, analysts were expecting to see a drop of 1%.

 

Export Sales

Leave it to the government to try and fix something that isn't broken. The failed rollout of the weekly export sales data last week prompted the USDA to issue a statement yesterday saying that "weekly export sales data unavailable until further notice".

Technical Snapshot

Corn (December)

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Soybeans (November)

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Wheat (December)

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