Export Inspections of U.S. Corn Rise

1 Mins read

By Kirk Maltais

In the latest report by the U.S. Department of Agriculture, export inspections of U.S. corn for the week ended Jan. 4 have shown a significant increase.

Corn and Wheat Inspections Surge

According to the USDA’s weekly grain export inspections report, U.S. corn inspections reached a total of 856,597 metric tons, a notable rise from the 567,857 tons reported in the previous week. Alongside corn, wheat inspections also observed an upward trend, increasing to 491,074 tons compared to 276,433 tons during the same period last week.

Soybeans and Wheat Experience Decline

However, soybeans and wheat displayed contrasting results, registering a decline compared to the previous week. The total soybean and wheat inspections for the week amounted to 674,749 tons, whereas it stood at 969,494 tons a week earlier.

Year-to-Date Comparison

When comparing year-to-date figures, both soybean and wheat inspections were lower than this time last marketing year. Soybean inspections witnessed a decrease of 21% from last year, while wheat inspections were down by 16%. On the other hand, corn inspections recorded an impressive increase of 28% from the previous year.

Market Performance

In terms of market performance, most-active CBOT corn experienced a decline of 1.7%, while soybeans and wheat saw drops of 1.3% and 3.1% respectively.

For more detailed data on this topic, you can search for “USDA Grain Inspections for Export in Metric Tons” in Dow Jones NewsPlus.

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