Total Inspections Up but Still Below Recent Years
Total inspections of grain for export reached 2.51 MMT
For the week ending November 7, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.51 million metric tons (mmt).
According to the latest USDA Grain Transportation Report, total inspections were up 17% from the previous week but down 15% from last year and down 26% from the 3-year average.
Over the past 4 weeks, total grain inspections were 90% of last year and 73% of the prior 3-year average.
Specifically, over the past 4 weeks, wheat inspections were strong, 33% above last year and 49% above the 3-year average, but corn and soybean inspections were low, down 41% and 33%, respectively, from the 3-year average.
From the previous week, Pacific Northwest inspections were up 10% and Mississippi Gulf inspections were up 27%.