U.S. Corn and Wheat Inspections Drop

By Kirk Maltais

Export inspections of U.S. corn and wheat are down from last week, according to data from the Department of Agriculture.

In its latest grain export inspections report, the USDA said that corn inspections totaled 521,118 metric tons for the week ended Sept. 12, and wheat inspections totaled 556,901 tons. Both were down from last week's figures, although in the case of wheat higher from this time last year.

To date, inspections of wheat shipments for the 2024/25 marketing year are ahead of their pace last year, totaling 6.9 million tons - versus 5.2 million tons at this point last year, a 34% uptick. Corn and soybean inspections are behind their pace from last year, with corn off 24% at 992,629 tons and soybeans off 16% at 674,581 tons.

For the week, inspected soybean shipments beat last week's level, at 401,287 tons versus 365,003 tons previously.

CBOT grain futures are up across the board to open trading this week - with most-active corn up 2%, soybeans up 2.1%, and wheat up 2.2%.

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

September 23, 2024 11:05 ET (15:05 GMT)

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