# Weekly Grain Movement: Corn outperforms trade expectations

> USDA export inspections for the week through November 30 showed corn at 45.6 million bushels, well above the analyst range of 13.8 to 35.4 million. Soybean and wheat inspections declined week over week and missed trade estimates, with Mexico the top corn destination.

- Date: 2023-12-04 · published 2023-12-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/32767-weekly-grain-movement-corn-outperforms-trade-expectations
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stronger-than-expected corn shipments, including an atypical volume to China, tighten US corn export supplies and support corn prices, while soybean and wheat weakness is bearish for those markets.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-11-29 | [Feed weekly outlook: Corn imports set to drop - Grainews](https://feedsoft.ai/events/9512-feed-weekly-outlook-corn-imports-set-to-drop-grainews.md) | +7.6% | +8.3% |
| CORN | 2017-08-01 | [WEEKLY GRAIN MOVEMENT: Strong river market support soybean bids](https://feedsoft.ai/events/69339-weekly-grain-movement-strong-river-market-support-soybean-bids.md) | +0.4% | -8.1% |
| CORN | 2025-04-25 | [Grain transportation demand surges amid strong corn exports \| Feed & Grain](https://feedsoft.ai/events/16460-grain-transportation-demand-surges-amid-strong-corn-exports-feed-and-grain.md) | -2.1% | -1.5% |
| CORN | 2018-02-22 | [Feed weekly outlook: Prairie feed grains following corn's lead \| Farmtario](https://feedsoft.ai/events/66564-feed-weekly-outlook-prairie-feed-grains-following-corn-s-lead-farmtario.md) | +1.4% | +3.0% |
| CORN | 2020-02-03 | [US corn DDGS to help fill cottonseed gap in more rations - Grain Central](https://feedsoft.ai/events/54654-us-corn-ddgs-to-help-fill-cottonseed-gap-in-more-rations-grain-central.md) | -0.2% | -3.1% |
| SOY | 2025-04-25 | [Grain transportation demand surges amid strong corn exports \| Feed & Grain](https://feedsoft.ai/events/16460-grain-transportation-demand-surges-amid-strong-corn-exports-feed-and-grain.md) | -1.2% | +1.4% |
| SOY | 2025-03-04 | [U.S. grains: Corn, wheat, soy futures slide as trade tensions flare](https://feedsoft.ai/events/8145-u-s-grains-corn-wheat-soy-futures-slide-as-trade-tensions-flare.md) | +0.2% | +1.7% |
| SOY | 2019-12-06 | [Grain export 2019/20: corn shipment 2 mln t higher YoY — Latifundist.com](https://feedsoft.ai/events/55435-grain-export-2019-20-corn-shipment-2-mln-t-higher-yoy-latifundist-com.md) | +1.6% | +5.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weekly-grain-movement-corn-outperforms-trade-expectations-

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.