Tidbits, Soybean Trade, Wheat Estimates, Crop Progress, ENSO, Export Inspections 6/10/25
- Wright team
- Jun 10
- 4 min read
Tidbits
Former Minnesota farmer, now Brazil’s 25-year experienced agricultural consultant, Kory Melby, posted on X yesterday afternoon: “I think today's corn market action will reverse quickly in the coming days as the models revert back to old forecasts. I think today was a counter trend move fake out.”
Cash soybean export trader, Eduardo Vanin, with AgrInvest Commodities in Brazil reported yesterday soybeans from Brazil net cost to China for September shipment was 215¢ over July soybean futures price, while the U.S. Gulf cost to China was 190¢ over July. He also said it was this week last year that China began buying new crop U.S. soybeans, booking 7 shiploads.
In May, China’s soybean imports hit a record 13.92 million mts, driven by normalized customs clearance and strong demand from crushing plants. October-May imports are slightly below the 5-year average at 60.29 mmt but exactly identical to the year-ago figure.
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