Home Agribusiness Weekly US Soybean Shipments Are Above Expectations

Weekly US Soybean Shipments Are Above Expectations

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The US Department of Agriculture on Monday brought its update on weekly shipments of grain from the country with numbers well below expectations for corn and wheat, but within expected range for soybeans .

In the week ending January 3, the US shipped 673.172 tons of oilseed, while the market expected something in the range of 490,000 to 840,000 tons. In the accumulated of the commercial year, the country already has shipped 17,299,307 million tons, against more than 29,6 million of the last year, in the same period.

Of corn, shipments totaled 501,541 thousand tons, while traders expected between 640 thousand and 990 thousand. Throughout the season, the US has shipped 18.45,159 million tonnes of cereal, up from 11.4 million tonnes.

The US also shipped 260,134,000 tons of wheat, while the market expected something between 330,000 and 600,000 tons. As a result, US shipments totaled 12,936.185 million tons, against 14.7 million tons in the same period.