Weekly US Soyabean, Corn and Wheat Exports Soften from Recent Peak
Combined US exports of soyabeans, corn and wheat declined 0.6 Mt on the week to 3.7 Mt in the week ending 12 November, data from the US Department of Agriculture (USDA) reveal. Shipments softened from the highest weekly level since at least 2007 (4.3 Mt in week closing 5 November), but were still up 0.9 Mt on the year.
Soyabean exports fell 0.7 Mt to 2.6 Mt, however, this was still the third highest weekly level since October 2017. Meanwhile, a 0.1 Mt rise in corn shipments to 0.8 Mt in the seven days to 12 November was offset by wheat loadings easing to 0.3 Mt.