# Weekly Grain Movement – Another strong week for soybeans

> USDA's weekly export inspections for the week ending August 22 showed soybean shipments of 35.4 million bushels, slightly below the prior week but at the high end of trade estimates. China took 22.5 million bushels, reducing its outstanding 2018 crop sales to under 65 million bushels. Corn inspections rose to 25.2 million bushels, also at the high end of estimates.

- Date: 2019-08-26 · published 2019-08-26T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/57555-weekly-grain-movement-another-strong-week-for-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong soybean export pace and China's continued buying support US soybean prices, though cumulative shipments are down 19% year on year. Corn export demand is solid but slightly behind the pace needed to match USDA's forecasts.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | -3.5% | -6.0% |
| SOY | 2022-06-10 | [Soybeans set for biggest weekly gain in 2 months on strong demand \| Financial Post](https://feedsoft.ai/events/40974-soybeans-set-for-biggest-weekly-gain-in-2-months-on-strong-demand-financial-post.md) | -3.4% | -7.2% |
| SOY | 2017-07-24 | [Weekly Grain Movement - July 24, 2017 \| Farm Progress](https://feedsoft.ai/events/69858-weekly-grain-movement-july-24-2017-farm-progress.md) | -0.8% | -7.1% |
| SOY | 2019-11-07 | [Strong week for sorghum, soybean exports - Brownfield Ag News](https://feedsoft.ai/events/56125-strong-week-for-sorghum-soybean-exports-brownfield-ag-news.md) | -1.4% | -3.4% |
| SOY | 2024-08-08 | [Strong week for new crop U.S. soybean export sales - Brownfield Ag News](https://feedsoft.ai/events/28855-strong-week-for-new-crop-u-s-soybean-export-sales-brownfield-ag-news.md) | -4.0% | -1.2% |
| SBM | 2020-08-14 | [Soybeans, corn post solid weekly gains - Brownfield Ag News](https://feedsoft.ai/events/10682-soybeans-corn-post-solid-weekly-gains-brownfield-ag-news.md) | +1.3% | +9.8% |
| SBM | 2019-09-30 | [Where next for soybeans? - High Plains Journal](https://feedsoft.ai/events/57110-where-next-for-soybeans-high-plains-journal.md) | +3.1% | +4.6% |
| SBM | 2020-06-05 | [Analysts say China to continue buying US soybeans \| 2020-06-05  \| World Grain](https://feedsoft.ai/events/52605-analysts-say-china-to-continue-buying-us-soybeans-2020-06-05-world-grain.md) | -0.0% | +1.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weekly-grain-movement-another-strong-week-for-soybeans

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