Highlights
Yesterday’s soybean export inspections were the largest weekly total in nearly two years and 69% of the beans went to China.
Cash grain export trader Eduardo Vanin reported yesterday that in the last two weeks China bought more than 90 cargoes or soybeans, 35 out of the US, 7 out of Brazil for November shipment and 46 vessels from Brazil’s new crop.
Yesterday morning, USDA reported the sale of:
169,926 mts of old crop corn to Mexico and
130,000 mts of old crop corn to South Korea and
198,192 mts of old crop corn to unknown and
116,000 mts of old crop soybeans to unknown and
264,000 mts of old crop soybeans to unknown
Poultry eat a lot of corn and bean meal. As a corn and bean producer, you need to keep an eye on that business. USDA monthly report released yesterday (compared to September 2023):