By Kirk Maltais
U.S. export inspections of corn and wheat fell back for the week ended Aug. 31, according to government data.
In its latest grain export inspections report from the U.S. Agriculture Department, corn export inspections totaled 481,309 metric tons, and wheat inspections totaled 299,862 tons--both of which are off from totals reported by the USDA last week.
Soybean export inspections turned higher from the previous week--totaling 378,525 tons, slightly higher than reported last week.
For the 2022/23 marketing year, corn inspections are down 32% from the prior year, while soybean inspections are down over 8% and wheat is down nearly 24%. The gap in wheat inspections has grown in recent weeks.
Indonesia was the leading destination for wheat for the week, according to the USDA. Colombia was the leading destination for corn, and China was again the leading destination for soybeans.
Grain futures trading on the CBOT are mixed. Most-active corn futures are up 1%, soybeans are down 0.1%, and wheat is up 1.2%.
To see related data, search "USDA Grain Inspections for Export in Metric Tons" in Dow Jones NewsPlus.
Write to Kirk Maltais at kirk.maltais@wsj.com
(END) Dow Jones Newswires
09-05-23 1136ET
