Shipments of U.S. Corn to China Turn Higher

By Kirk Maltais

Export inspections of U.S. corn destined for China rose in the past week, the USDA reported Monday.

In its latest grain export inspections report, the USDA said that China was the destination for 794,475 metric tons of corn for the week ended June 17, up from last week. In total, inspections of U.S. corn totaled 1.48 million tons, which is down from last week's report.

Meanwhile, China's appetite for soybeans remained muted, with inspections totaling only 4,016 tons for the week. In total, soybean inspections totaled 175,359 tons, which is up slightly versus last week.

After starting lower in premarket trading Monday, grains futures on the CBOT are on the rise, with most-active corn futures up 0.2% and soybean futures up 0.8%.

To see related data, search "U.S. Export Sales: Weekly Shipment Totals" in Dow Jones NewsPlus.

Write to Kirk Maltais at [e-mail]

(END) Dow Jones Newswires

06-21-21 1143ET