U.S. Soybean and Wheat Inspections Fall

By Kirk Maltais

Export inspections for U.S. soybeans and wheat have fallen back from their levels last week, the U.S. Department of Agriculture said.

In its latest grain export inspections report, the USDA said that for the week ended March 30, soybean export inspections totaled 499,054 metric tons and wheat inspections totaled 168,543 tons. Both volumes are considerably lower than those reported last week, at 892,086 tons of soybean and 403,853 tons of wheat.

Corn inspections totaled 1.1 million tons, up from 688,379 tons reported last week. Corn inspections continue to be significantly behind where they were at this time last year, with inspections totaling 19.37 million tons for the marketing year, down 37%.

Mexico was the leading destination for U.S. corn, the Philippines were the leading destination for wheat, and China was the leading destination for soybeans.

Grain futures trading on the CBOT are mixed in trading Monday following the report, with most-active corn futures unchanged, soybeans up 0.8%, and wheat up 0.8%.

To see related data, search "USDA Grain Inspections for Export in Metric Tons" in Dow Jones NewsPlus.

Write to Kirk Maltais at [e-mail]

(END) Dow Jones Newswires

04-03-23 1131ET