Wheat Inspections Rebound
Total inspections of grain for export from all major U.S. export regions reached 2.61 MMT
For the week ending November 29, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.61 million metric tons (mmt), down 15 from the previous week, 9% from last year, and 17% below the 3- year average.
According to the USDA Grain Transportation Report, total inspections of wheat jumped 64% from the previous week, increasing primarily in the Pacific Northwest (PNW) and the Texas Gulf export regions.
Shipments of wheat continued to increase to Asia and Latin America. Compared to the previous week, inspections of corn and soybeans decreased 12% and 7%, respectively.
Week-to-week grain inspections in the PNW increased 14%, while Mississippi Gulf inspections decreased 2%. Outstanding export sales (unshipped) of grain increased for wheat and corn, but were down for soybeans.