Import market for Soybean in Colombia (6월, 2022)

The USDA has released new grain export inspection data for the week ending June 23, which shows mixed but generally positive trends for traders. While the volume of corn, soybeans, and wheat inspections met expectations and did not significantly impact grain prices, the details reveal important developments. Corn inspections were high, primarily going to Japan, and soybean inspections were also up, with Germany as the unexpected top recipient. Wheat inspections were slightly below expectations, with Mexico as the leading destination. These trends indicate the current status and direction of international grain trade, particularly in the 2021/22 marketing year for corn, sorghum, soybeans, and wheat, and the early stages of the 2022/23 marketing year for wheat.