Grain Inspections Increase
Wheat highest since 2017
For the week ending December 13, total inspections of grain (corn, wheat, and soybeans), for export from all major U.S. export regions, reached 2.61 million metric tons (mmt); up 15% from the previous week, down 17% from last year, and down 10t from the 3-year average.
According to the latest USDA Grain Transportation Report, inspections of wheat jumped 52% from the previous week, the highest since late September 2017. Demand for U.S. wheat remained strong from Asia and Latin America. Corn and soybean inspections were up 1% and 10%, respectively, from the previous week.
Pacific Northwest grain inspections increased 24% from the previous week, and Mississippi Gulf inspections increased 11% for the same period. Outstanding export sales (unshipped) are up from the previous week for wheat, but down for corn and soybeans.