Export inspections show positive growth

  • U.S. soybeans and corn shipments increased in the week ended Dec. 14
  • Soybean shipments totaled 1.4 million metric tons, up from 999,790 tons the previous week
  • Corn cargos totaled 947,418 tons, up from 725,330 tons
  • Corn shipments are higher than a year earlier, while soybean shipments are lower
  • Wheat inspections fell to 284,792 tons from 317,156 tons
  • China was the biggest destination for U.S. soybeans, taking 563,617 tons

Export inspections of U.S. soybeans and corn both increased in the week ended Dec. 14, according to the Agriculture Department. Soybean shipments totaled 1.4 million metric tons, up from 999,790 tons the week before. Corn cargos totaled 947,418 tons, up from 725,330. Corn shipments are higher than a year earlier, while soybean shipments are lower. Wheat inspections fell to 284,792 tons from 317,156 tons. China was the biggest destination for U.S. soybeans, taking 563,617 tons.

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Key People: Paulo Trevisani (Author)

Factuality Level: 8
Justification: The article provides specific data from the Agriculture Department’s Grain Export Inspections report, which indicates an increase in export inspections of U.S. soybeans and corn. The information is supported by numbers and statistics, making it more factual. However, the article lacks context and does not provide a comprehensive analysis of the situation.

Noise Level: 7
Justification: The article provides information on the increase in export inspections of U.S. soybeans and corn, along with the destinations and quantities. However, it lacks analysis, context, and actionable insights. It mainly focuses on reporting the numbers without delving into the implications or potential consequences of these trends.

Financial Relevance: Yes
Financial Markets Impacted: The increase in export inspections of U.S. soybeans and corn may impact the agricultural commodities market and companies involved in the production and export of these crops.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides information on the increase in export inspections of U.S. soybeans and corn, which is relevant to the financial markets. However, there is no mention of any extreme event.

Reported publicly: www.marketwatch.com