According to the latest report from the United States Department of Agriculture (USDA), inspections of U.S. grains saw a significant decline in the week ending on December 28. The data shows notable decreases across the board.
Wheat: Wheat export inspections were reported at 273,671 metric tons, showing a decrease from the previous week’s revised figure of 461,431 tons.
Corn: Corn inspections stood at 569,735 tons, down from a revised 1.2 million tons in the week of December 21.
Soybeans: Inspections for soybeans amounted to 961,694 tons, compared to a revised 1.1 million tons from the previous week.
Looking at the market year as a whole, wheat exports have totaled 9.6 million tons as of December 28, down from 11.9 million tons in the previous year. Soybean inspections have also witnessed a decline, dropping from 28.8 million tons to 23.3 million tons. On the other hand, corn inspections have increased from 9.60 million tons to 11.95 million tons when compared against the annual figures.
In today’s Chicago Board of Trade (CBOT) session, the most-active soybeans contract experienced a 2% fall, while wheat and corn declined by 1.8% and 1.4%, respectively.
For more detailed information, you can search for “USDA Grain Inspections for Export in Metric Tons” on Dow Jones NewsPlus.