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US wheat and corn exports jump

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Dry Bulk,

US exports of wheat and corn jumped in the week ending 1 December, according to figures from the US Department of Agriculture, while soybean exports fell.

Wheat exports rose from 0.238 million t to 0.556 million t, while corn exports jumped back of the million tonne mark to 1.366 million t – a nine-week high. Corn exports had been 0.809 million t the week before.

Meanwhile, soybean exports fell from 2.313 million t to 1.870 million t for the week. Soybean cake and meal shipments were up, however, to 0.201 million to from 0.144 million t the week before.

Despite the fall in soybean shipments, exports of the three crops combined showed a significant year-on-year increase, according to shipbrokers Simpson Spence Young (SSY).

Exports of wheat, corn and soybeans hit 3.79 million t for the week, 1.5 million t above the level of the year previous.

And despite the weaker weekly soybean figures, US soybean shipments hit an all-time high in October at 11.3 million t, up 1.4 million t on the same month in 2015, SSY added.

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