Key facts
- Next week's U.S. corn export inspections are projected at 1.90 MMT.
- This represents a 10% increase from the previous week.
- June Census corn exports are estimated to reach 8.09 MMT.
Next week's U.S. corn export inspections are projected at 1.90 MMT, a 10% increase from the previous week. June Census corn exports are estimated at 8.09 MMT. Soybean inspections could be 600,000 MT, down 16% from the prior week, with 15 vessels to-be-nominated.
Next week's U.S. corn export inspections are anticipated to be 1.90 million metric tons (75 million bushels), marking a 10% increase compared to the previous week. The number of vessels to-be-nominated (TBN) for corn has decreased to five, down one from the prior week. Based on the current pace of inspections, June Census corn exports are estimated to reach 8.09 million metric tons (318 million bushels).
For soybeans, the U.S. ship lineup is estimated at 472,000 metric tons (22 million bushels) as of June 4, a 22% decrease from the previous week. Next week's soybean export inspections could be 600,000 metric tons (18 million bushels), down 16% from the prior week. There are fifteen vessels to-be-nominated for soybeans, an increase of nine from the previous week.
These projections provide insight into the immediate demand for U.S. agricultural exports, influencing global commodity prices and the outlook for the agricultural sector.