Corn shipments double from last week, while soybean and wheat inspections decrease

  • U.S. corn shipments surged from the previous week
  • Corn shipments totaled 1.16 million metric tons
  • Soybean and wheat inspections were lower compared to the prior week
  • Japan, Mexico, and China were the biggest buyers of U.S. wheat, corn, and soybeans respectively
  • CBOT futures contracts saw gains on Monday

Export inspections of U.S. corn have climbed from where they were at this time last week, according to the latest Agriculture Department data. Corn shipments totaled 1.16 million metric tons for the week ended Nov. 30, more than double the previous week’s total. Soybean and wheat inspections, however, were lower compared to the prior week. Japan, Mexico, and China were the biggest buyers of U.S. wheat, corn, and soybeans respectively. CBOT futures contracts saw gains on Monday, with corn up 0.5%, soybeans down 0.3%, and wheat up 3.2%.

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Key People: Kirk Maltais (Author)

Factuality Level: 8
Justification: The article provides specific data from the Agriculture Department regarding export inspections of U.S. corn, soybeans, and wheat. The information is supported by the weekly USDA Grain Export Inspections report. The article also mentions the biggest buyers/importers of each commodity. The information provided is factual and based on official data.

Noise Level: 7
Justification: The article provides information on the latest Agriculture Department data regarding export inspections of U.S. corn, soybeans, and wheat. It mentions the increase in corn shipments compared to the previous week and the same time last year. It also highlights the biggest buyers of U.S. wheat, corn, and soybeans. The article briefly mentions the price movements of CBOT futures contracts. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It stays on topic and provides some evidence in the form of USDA data.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the export inspections of U.S. corn, soybeans, and wheat. This information 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 does not mention any extreme events or their impacts.

Reported publicly: www.marketwatch.com