By Kirk Maltais
Inspections of soybeans and wheat exports are higher than reported last week, according to the latest weekly report from the Department of Agriculture.
In its latest Grain Export Inspections report, the USDA said that soybean inspections totaled 481,638 metric tons for the week ended September 21, which is up from 429,772 tons reported in the previous week. Wheat inspections totaled 451,004 tons, up from 422,639 tons.
Corn inspections, meanwhile, were slightly down from the previous week. Inspections were reported at 660,811 tons through September 21, which is slightly off from 676,323 tons previously.
Total corn and soybean inspections are up from the previous year, the USDA reports – with corn inspections up nearly 16% from this time last year and soybean inspections up 6.5%. Wheat inspections are slightly down from last year, falling just over 28%.
China was the leading destination for wheat and corn inspections for the week, while Mexico was the leading destination for soybeans.
Grain futures on the CBOT are mixed in trading to start the week – with most-active corn futures down 0.5%, soybeans down 0.4%, while wheat is up 0.5%.
To see related data, search “USDA Grain Inspections for Export in Metric Tons” in Dow Jones NewsPlus.
Write to Kirk Maltais at [email protected]
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