By Kirk Maltais
U.S. export inspections of wheat are down for the week ended Sept. 28, with total inspections for the new marketing year falling further behind the pace of the previous year.
In its latest grain export inspections report from the U.S. Agriculture Department, wheat inspections totaled 397,594 metric tons, which is down from 485,712 tons reported last week. Meanwhile, corn inspections totaled 625,870 tons, down from 710,605 tons last week, and soybeans totaled 663,355 tons, up from 507,630 tons reported last week.
Total wheat inspections for the 2023/24 marketing year are well behind last year's pace, totaling 6.06 million tons, which is down 29% from 8.52 million tons at this time last year. Corn and soybean inspections are slightly higher for the new marketing year, which started in September for those grains, than this time last year.
The Philippines was the leading destination for wheat this week, while Mexico was the leading destination for corn and China was the leading destination for soybeans.
Grain futures trading on the CBOT are mixed. Most-active corn futures are up 2.2%, soybeans are down 0.1%, and wheat is up 3.3%.
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
10-02-23 1202ET
