By Kirk Maltais
Inspections of U.S. wheat shipments through the week ended Nov. 2 fell to below 100,000 metric tons for the week, according to the Department of Agriculture.
In its latest weekly grain export inspections report, the USDA said that wheat inspections totaled 71,608 tons. That is down from 198,298 tons reported for the previous week, and down from 181,989 tons at the same time last year.
For the 2023/24 marketing year, wheat inspections are down nearly 27%. Only a few countries were on the books as receiving shipments of U.S. wheat for the week, with Mexico and Egypt being the leading destinations, constituting 64,640 tons of shipped wheat.
Meanwhile, corn shipments are slightly down from the previous week, while soybeans are slightly up. Corn shipments totaled 535,191 tons, and soybean shipments totaled 2.09 million tons.
Grain futures trading on the CBOT are higher this morning; most-active corn is up 0.2%, soybeans are up 1.1%, and wheat is up 0.3%.
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
11-06-23 1147ET
