Grain Inspections Down but PNW Inspections Rebound
PNW soybean inspections jumped over 100% from past week as demand from China increased
For the week ending January 16, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.1 million metric tons (mmt).
Total grain inspections were down 9% from the previous week, down 29% from last year, and 8% below the 3-year average.
Inspections of wheat and corn dropped 22% and 28%, respectively, from the previous week.
Soybean inspections, however, increased 4% from week to week. Pacific Northwest (PNW) grain inspections increased 19% from the previous week and were the highest since mid-December 2019.
PNW soybean inspections jumped over 100% from the past week as demand from China increased. Mississippi Gulf inspections decreased 22% for the same period.
Information provided by the USDA Grain Transportation Report.