Soybeans led the charge during the week ended May 29, rising 33% from the previous week while corn rose 3%. Meanwhile, new crop wheat sales continued to prove solid.
Corn inspections during the week ended May 29 rose 157,000 MT, topping the pre-report range. Soybean inspections also rose on the week, while wheat inspections declined modestly.
During the week ended May 15, corn inspections rose 419,000 MT from the previous week, nearly topping analysts’ pre-report range. Soybean inspections were notably short of expectations.
Wheat inspections during the week ended April 24, were up notably on the week, topping anlysts’ pre-report expectations. Net corn and soybean sales each declined on the week but were as expected.
