U.S. Grain Exports Rise as Gulf Recover From Ida
USAgNet - 09/23/2021
U.S. grain exports increased last week as shippers along the Louisiana Gulf Coast recovered from flooding and widespread power outages caused by Hurricane Ida's Aug. 29 landfall, but volumes were much lower than normal, preliminary data showed on
According to Reuters, just seven export vessels were loaded with grain and soybeans at Louisiana Gulf Coast terminals in the week ended Sept. 16, down from 23 vessels in the same week last year, U.S. Department of Agriculture (USDA) data showed.
Ida crippled overseas grain shipments weeks before the start of the Midwest harvest and the busiest period for U.S. crop exports, sending export prices soaring and stoking global worries about food inflation.
Weekly USDA grain inspections data, an early indicator of shipments abroad, showed the volume of corn weighed and certified for export last week reached 403,104 tonnes, up from the previous week's revised tally of 159,429 tonnes, an 8-1/2 year low.
For soybeans, weekly export inspections reached 275,169 tonnes, up from the prior week's revised count of 193,429 tonnes.
The USDA said 199,849 tonnes of corn and 150,272 tonnes of soybeans in the latest week were inspected along the Louisiana Gulf Coast. The figures marked an improvement from the prior week, when no grain was inspected at the busiest outlet for U.S. crops.
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