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Sep 17, 2021

Grain Inspections Lowest Since January 2019

Corn shipments were down, primarily to Asia

source: USDA Grain Transportation Report

For the week ending September 9, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions totaled .824 million metric tons (MMT).

Total grain inspections were up 2% from the previous week, down 75% from the same time last year, and down 66% from the 3-year average.

Total inspections were the lowest since early January 2019. Increased inspections of wheat (33%) and soybeans (16%) from the previous week could not offset the 50% drop in corn inspections.

Corn shipments were down, primarily to Asia. As the U.S. Gulf continued to recover from Hurricane Ida, there were no inspections of grain in the Mississippi Gulf.

Pacific Northwest (PNW) inspections increased 30% from the previous week.

During the last 4 weeks, total inspections were 57% below the same time last year and 51% below the 3-year average.

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Magazine

Marketwatch: Dec, 03

cmdty National Corn Price Idx: ZCPAUS.CM

open: 5.6309
high: 5.6797
low: 5.6159
close: 5.6309

cmdty National Soybean Price Idx: ZSPAUS.CM

open: 11.9852
high: 12.1581
low: 11.9477
close: 12.111

cmdty National Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.119
high: 8.2535
low: 8.054
close: 8.2002

cmdty National Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.5939
high: 7.7096
low: 7.5239
close: 7.6525