Soybeans: Weekly Export Inspections

Bean inspections up a little from last week, 8.7 mb. Not a big number and below the level needed to reach USDA’s export forecast. April, May, and June is usually the slowest time of year for U.S. exports. That’s when new crop Brazilian supplies come online and take over global shipments. We do expect to see a seasonal increase in shipments as we move through the late June, July, and August timeframe. And it certainly appears beans are on track to reach USDA’s current estimate.