Grain Inspections Rise; Soybeans Highest Since March
Total inspections of grain for export from all major U.S. regions reached 2.08 MMT
For the week ending June 6, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.08 million metric tons (MMT).
According to the USDA Grain Transportation Report, this amount indicates a 10% increase from the previous week, an 18% drop from last year, and a 6% decrease from the 3-year average.
Soybean inspections jumped 40% from the previous week, and were the highest since late March of this year.
Shipments of soybeans to China increased 20% from week to week. Corn inspections increased 14% for the same period, but wheat inspections decreased 22% from the past week.
Pacific Northwest (PNW) inspections increased 20% from the previous week, while inspections in the Mississippi Gulf increased 8%.