Corn Export Inspections Rise While Soybeans and Wheat Drop
Inspections of corn for export improved week-to-week, while soybeans and wheat assessments declined. The USDA says the government inspected 993,710 metric tons of corn for overseas delivery in the week ending on December 24. That’s up from the 770,000 metric tons assessed during the previous week and the 408,947 tons examined during the same week in 2019. Soybean inspections dropped to 1.45 million metric tons compared to 2.81 million tons the prior week. That’s better than the 991,801 tons inspected during the same week in 2019. Wheat inspections for offshore delivery also dropped, falling to 303,809 metric tons compared to more than 392,000 tons the prior week. It’s also below the 312,316 metric tons inspected last year at the same time. Since the start of the marketing year on September 1, the government inspected 13.7 million metric tons of corn for export. That’s well above the 8.05 million tons assessed during the same time in 2019. Soybean inspections since the first of September totaled 36.5 million metric tons, up from the 20.8 million tons examined during the same week last year.