# Morning Grains Comments 07/16/24 | Market Reports | feedlotmagazine.com

> Weekly USDA export inspections for the week ending July 11, 2024 showed 1.08 million tonnes of corn, 534,000 tonnes of wheat, 169,000 tonnes of soybeans and 71,000 tonnes of sorghum shipped. Cumulative corn inspections reached 44.6 million tonnes against 34.0 million a year earlier.

- Date: 2024-07-16 · published 2024-07-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/4452-morning-grains-comments-07-16-24-market-reports-feedlotmagazine-com
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Strong corn and wheat export pace supports demand, but soybean shipments are running well behind last year, which is bearish for the soy complex.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- WHEAT: neutral
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-11-09 | [Morning Grains Comments 11/09/21 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/44121-morning-grains-comments-11-09-21-market-reports-feedlotmagazine-com.md) | +1.2% | +5.2% |
| CORN | 2021-04-12 | [Morning Softs Comments 04/12/21 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/47550-morning-softs-comments-04-12-21-market-reports-feedlotmagazine-com.md) | +0.9% | +25.0% |
| CORN | 2024-02-29 | [Grains Report 02/29/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/31705-grains-report-02-29-2024-market-insightsmarket-insights.md) | +3.7% | +3.8% |
| CORN | 2024-01-30 | [Grains Report 01/30/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/32157-grains-report-01-30-2024-market-insightsmarket-insights.md) | -2.5% | -6.5% |
| CORN | 2025-09-04 | [Grains Report 09/04/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/22923-grains-report-09-04-2025-market-insightsmarket-insights.md) | -0.2% | +2.6% |
| WHEAT | 2021-11-09 | [Morning Grains Comments 11/09/21 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/44121-morning-grains-comments-11-09-21-market-reports-feedlotmagazine-com.md) | +1.8% | +0.7% |
| WHEAT | 2021-05-04 | [Morning Grains Comments 05/04/21 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/7701-morning-grains-comments-05-04-21-market-reports-feedlotmagazine-com.md) | +5.0% | -1.5% |
| WHEAT | 2023-10-30 | [Morning Grains Comments 10/30/23 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/33683-morning-grains-comments-10-30-23-market-reports-feedlotmagazine-com.md) | +2.3% | +0.4% |

## Sources

- feedlotmagazine.com: https://www.feedlotmagazine.com/market_reports/morning-grains-comments-07-16-24/article_960f406c-43a1-11ef-97ba-0fc81fc25d9c.html

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