PDF attached (ignore crop-year average needed to reach USDA in wheat chart)
USDA inspections versus Reuters trade range
Wheat 432,919 versus 400000-625000 range
Corn 1,100,078 versus 800000-1250000 range
Soybeans 213,047 versus 350000-600000 range
USDA reported soybean inspections at only 7.828 million bushels (213,000 tons), well below a trade range and lowest since 6/30/2016 when they were 7.087 million bushels. Back then, from March 31, 2016 through July 14, 2016, the soybean inspection pace was terrible, in part to a large South American crop. We note the lowest week reported during that period was 3.246 million as of May 19, 2016.
WA_GR101
Washington, DC Mon Jun 8, 2020 USDA Market News
*CORRECTIONS AT BOTTOM OF REPORT ARE INCLUDED IN CURRENT MARKET YEAR TO DATE*
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE.
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING JUN 04, 2020
EXP-INSPECTIONS-FI060820.pdf