By Kirk Maltais
Export inspections of U.S. corn have jumped from the previous week, according to data reported by the Department of Agriculture.
In its latest Grain Export Inspections report issued Monday, the USDA said that export inspections of corn for the week ended Jan. 13 totaled 1.44 million metric tons - up 64% from the previous week's figure of 877,214 tons. This week's figure is also well up from 956,300 tons at this time last year.
Soybean inspections were also higher, although not to the same degree as corn. Inspections totaled 1.35 million tons for the week, up from 1.3 million tons the previous week and 1.28 million tons at this time last year. Wheat inspections fell, dropping to 288,895 tons for the week versus 412,342 tons the week previous. They were higher than this time last year though, with inspections then totaling 242,409 tons.
Mexico was the leading destination for U.S. corn and wheat for the week, the USDA said. China was the top destination for inspected soybeans.
Most-active grain futures on the CBOT are higher in morning trade, with most-active corn up 1%, soybeans up 1.9%, and wheat up 1.6%.
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
01-13-25 1145ET
