In the latest report from the U.S. Department of Agriculture (USDA), inspections of U.S. grain exports have seen an increase, although the levels are still relatively low.
Grain Export Inspections
For the week ended July 27, the USDA reported the following grain export inspections:
- Corn: 522,937 metric tons
- Soybeans: 329,518 tons
- Wheat: 581,278 tons
Mixed Performance
While all three levels of grain export inspections are higher compared to the previous week, total sales for the marketing year have yet to catch up to the usual pace. Specifically, corn shipments are down 33% from the previous year, soybeans are down 6%, and wheat is down 4.8%.
Destination Leaders
The leading destinations for each grain are as follows:
- Corn: Mexico
- Wheat: China
- Soybeans: Japan
Grain Futures
Grain futures on the Chicago Board of Trade (CBOT) have started the week on a lower note. As of now, most-active corn futures are down by 3.3%, soybeans by 3%, and wheat by 5.5%.
For more related data, you can search for “USDA Grain Inspections for Export in Metric Tons” in Dow Jones NewsPlus.
