USDA weekly grains inspected for export report: increases in soybeans and wheat not enough to offset drop in corn

Increases in the amount of soybeans and wheat inspected for export the week ending Dec. 17 were not enough to overcome an overall decline in the total for all grains from the previous week, according to today’s Grains Inspected and/or Weighed for Export report by the U.S. Department of Agriculture.

The Dec. 21 report indicated that soybeans, which made up two-thirds of the grains inspected last week, were up by 3% or 75,045 metric tons, and wheat by nearly 50% or 128,244 metric tons.

Yet corn was down by -161,309 metric tons, or -17%, while the amount of sorghum was also lower over the same period.

The total amount of grains inspected for export last week was 3,822,058 metric tons, down less than 1% from 3,845,191 metric tons inspected for the week ending Dec. 10.

Grainnet

Tags: USDA Weekly Grains, Increases in Soybeans, Increases in Wheat