Grain Inspections Up; Soybeans Above Average
Total inspections of grain for export from all major U.S. export regions totaled 3.81 MMT
For the week ending October 22, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions totaled 3.81 million metric tons (MMT).
Total grain inspections were up 8% from the previous week, up 43% from last year, and up 47% from the 3-year average.
Increased inspections were driven by a 51% jump in wheat inspections (primarily, for Asia and Latin America) and an 18% increase in soybean inspections.
Total soybean inspections remained 82% above the 3- year average. Corn inspections, however, dropped 30% from the previous week as shipments to Asia receded.
In the Pacific Northwest (PNW) and Mississippi Gulf, grain inspections were up 11% from the previous week for each region. Compared to the same period last year, total year-to-date inspections increased 8%.
Information provided by USDA Grain Transportation Report.