Grain Inspections Down Despite Higher Wheat and Soybeans
U.S. exports reached 1.67 MMT, 41% lower than last year
For the week ending June 27, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 1.67 million metric tons (mmt). This is 7% lower than the previous week, 41% lower than last year, and 30% lower than the 3-year average.
Inspections of wheat and soybeans increased 41 and 5%, respectively, from the previous week, but they were not enough to offset the 56% drop in corn inspections. Shipments of corn destined to Asia were significantly lower than the past week. Total grain inspections dropped 27% in the Pacific Northwest and 5% in the Mississippi Gulf from the previous week.