U.S. Corn Inspections Fall Off

By Kirk Maltais

Export inspections for U.S. corn have declined significantly from the previous week, according to the U.S. Department of Agriculture.

In its latest grain export inspections report, the USDA said that corn export inspections for the week ended March 23 totaled 666,325 metric tons, well down from 1.19 million tons in the previous week. For the full marketing year, corn inspections are now 37% behind last year's pace.

Meanwhile, soybean and wheat inspections are higher than the previous week, with soybeans totaling 888,707 tons and wheat totaling 392,484 tons.

Mexico was the leading destination for U.S. corn and wheat, while China was the leading destination for soybeans.

Grain futures trading on the CBOT are higher in trading, with most-active corn futures up 0.3%, soybeans up 0.9%, and wheat up 1.7%.

To see related data, search "USDA Grain Inspections for Export in Metric Tons" in Dow Jones NewsPlus.

Write to Kirk Maltais at [e-mail]

(END) Dow Jones Newswires

03-27-23 1233ET