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By Kirk Maltais
U.S. grain export inspections dropped back for the week ended Aug. 3, with yearly inspection totals continuing to lag behind the previous year’s pace.
In its latest grain export inspections report from the U.S. Agriculture Department, corn export inspections totaled 376,623 metric tons, soybean inspections totaled 281,857 tons, and wheat inspections totaled 275,067 tons.
For the 2022/23 marketing year, corn inspections are down 33% from the prior year, while soybean inspections are down 6.9% and wheat is down 14.1%.
Mexico was the leading destination for wheat and corn, the USDA said. Indonesia was the leading destination for soybeans.
Grain futures trading on the CBOT are mixed. Most-active corn futures are down 0.1%, soybeans are down 2.5%, and wheat is up 3%.
Write to Kirk Maltais at [email protected]
To see related data, search “USDA Grain Inspections for Export in Metric Tons” in Dow Jones NewsPlus.
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