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Corn & Soybeans Boost Total Grain Inspections

Total inspections of grain for export reached 2.13 MMT

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For the week ending July 25, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.13 million metric tons (mmt).

According to the latest USDA Grain Transportation Report, this amount is up 43% from the previous week, down 27% from last year, and 11% below the 3-year average.

The rebound in inspections was caused by a 47% increase in corn inspections and an 84% jump in soybean inspections. The inspection increases were primarily for grain destined to Asia.

Soybean inspections reached 1.09 mmt, the highest since the third week of February. Wheat inspections were down 13% from week to week.

Inspections of grain increased in the Pacific Northwest (PNW) and the Mississippi Gulf by 50% and 110%, respectively, from the previous week.

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