Grain Inspections Continue to Decline
Drop driven by 42% decrease in wheat inspections
For the week ending March 14, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.04 million metric tons (mmt).
This is a 12% decrease from the previous week, an 18% decrease from last year, and is 20% below the 3-year average, according to the USDA Grain Transportation Report.
The drop in inspections was driven by a 42% decrease in wheat inspections. Shipments of wheat, primarily bound for Asia, also dropped last week.
Corn inspections were down 1% from week-to-week, but soybean inspections were unchanged. Inspections of grain in the Mississippi Gulf were down 14% from the previous week, but inspections in the Pacific Northwest (PNW) increased 3%.