Weekly Corn and Soybean Export Inspections Drop

Corn and soybean inspections for overseas delivery dropped during the week ending on January 20. Wheat assessments went in the other direction. USDA says corn inspections totaled 1.12 million metric tons, down from 1.24 a week earlier. That’s also lower than the 1.4 million assessed for delivery during the same week in 2021. Soybeans examined for export totaled 1.3 million metric tons. That’s down from 1.73 million tons inspected a week earlier and the 2.1 million tons assessed during the same week in 2021. Wheat inspections last week came in at just shy of 401,000 metric tons, up from 384,300 tons during the previous week but well below the 571,700 tons examined during the same week in 2021. Since the beginning of the marketing year in September, soybean inspections are at 34.8 million metric tons, well below the 45.6 million tons assessed during the same week in 2021. Wheat assessments since June 1 are 13.2 million metric tons.

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