Grain Inspections Down Slightly but Corn Rebounds
Total inspections of grain for export from all major U.S. export regions reached 2.16 MMT
For the week ending May 23, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.16 million metric tons (mmt).
According to the USDA Grain Transportation Report, this amount signifies a 3% decrease from the previous week, a 22% drop from last year, and a 2% decrease from the 3-year average.
Although inspections of corn and soybeans increased 31 and 7%, respectively, from week to week, the increases could not offset the 41% drop in inspections of wheat.
Compared to the previous week, grain inspections decreased 3% in the Mississippi Gulf and 5% in the Pacific Northwest (PNW).