By Kirk Maltais
Grain export inspections of U.S. corn and soybeans fell for the week ended Nov. 16, according to the latest data from the U.S. Department of Agriculture.
In the USDA's latest Grain Export Inspections report, corn inspections were reported at 553,899 metric tons, down from 707,374 tons reported last week. Soybean inspections were reported at 1.61 million tons, down from 1.94 million tons. Soybeans are also lower than they were at this time last year, while corn inspections are higher.
For the current marketing year so far, corn inspections are ahead of last year's pace - up 24% to 6.81 million tons versus 5.51 million tons last year. Soybean inspections are down 8.3% from last year, to 15.92 million tons.
Wheat inspections totaled 358,254 tons, which is up from 222,572 tons reported last week and 291,427 tons at this time last year. For the marketing year, wheat inspections are down 24% from the previous year - totaling 7.82 million tons.
Taiwan was the leading destination for wheat for the week, while Mexico was the leading destination for corn and China was the leading destination for soybeans.
CBOT grain futures are mixed in trading - with corn down 0.3%, soybeans 0.8% higher, and wheat slipping 0.8%.
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
11-20-23 1156ET
