Soybean and Wheat Inspections for Overseas Delivery Rise

USDA says export inspections of soybeans and wheat rose week-to-week while corn assessments dropped during the week ending August 4.

Bean inspections during the week jumped to 867,500 metric tons from almost 595,000 a week earlier. That’s also significantly higher than the 115,000 metric tons examined during the same week in 2021.

Wheat assessments rose to 604,000 metric tons during the week, up from just over 308,000 during the previous week. That was down from the 654,000 metric tons during the same week last year.

Corn inspections dropped to 555,000 metric tons, significantly lower than the 905,000 tons during the prior week.  Since the marketing year began on September 1, corn inspections total 52.5 million metric tons, down from the same time last year.

Soybean inspections now stand at 54.5 million metric tons, lower than last year. Wheat assessments total 3.5 million metric tons, trailing the 4.45 million tons from last year.