Soybean Inspections Increase; Total Inspections Down
Outstanding export sales rebounded for corn, but decreased for wheat and soybeans
For the week ending August 16, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.11 million metric tons (mmt); down 11% from the previous week, up 5% from last year, and 2% below the 3-year average.
The USDA Grain Transportation Report says soybean inspections increased 10% from the previous week, but wheat and corn dropped 29% and 13%, respectively.
Inspections of soybeans have averaged .759 mmt during the last four weeks, despite the drop in shipments to China.
During the last four weeks, U.S. soybean shipments destined to China have averaged only .032 mmt, compared to .221 mmt last year.
Total grain inspections increased 8% from the past week in the Mississippi Gulf, while Pacific Northwest inspections decreased 21% for the same period.
Outstanding (unshipped) export sales rebounded for corn, but decreased for wheat and soybeans.