May 06, 2022

Wheat Inspections for Export Increase Sharply

Inspections destined to Latin America accounted for most of the wheat increase

source: USDA Grain Transportation Report

For the week ending April 28, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions totaled 2.7 million metric tons (MMT), down 13% from last year and up 9% from the 3-year average.

Total grain inspections were also up 4% from the previous week, reflecting a 33% jump in wheat inspections and a 1% increase in corn inspections.

Inspections destined to Latin America accounted for most of the wheat increase.

Corn accounted for about 49% of total grain inspections for the week, while wheat accounted for 15%.

Inspections of soybeans, however, were down 1% from the previous week and accounted for 36% of total grain inspections.

Pacific Northwest (PNW) grain inspections rose 37% from the past week, and Texas Gulf inspections rose 21%.

Feed & Grain Staff

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Marketwatch: May, 28

US Corn Price Idx: ZCPAUS.CM

open: 7.6273
high: 7.741
low: 7.6223
close: 7.7113

US Soybean Price Idx: ZSPAUS.CM

open: 16.9414
high: 17.1044
low: 16.9237
close: 16.9795

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 11.718
high: 11.9549
low: 11.658
close: 11.7977

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 10.8628
high: 11.0906
low: 10.8128
close: 10.9646