U.S. Export Inspections for Wheat and Soybeans Climb

By Kirk Maltais

Export inspections for U.S. soybeans and wheat have risen and corn inspections have fallen in this week's report from the U.S. Department of Agriculture.

In its latest grain export inspections report, the USDA said that for the week ended April 6, soybean export inspections totaled 669,566 metric tons and wheat inspections totaled 335,444 tons. Both figures are higher than last week's but down from this time last year.

Corn inspections totaled 805,167 tons, down from 1.1 million tons reported last week and continuing to lag behind where they were this time last year. Corn inspections through the 2022/23 marketing year total 20.17 million tons for the marketing year, down 37%.

For the week, Mexico was the leading destination for U.S. corn, Japan was the leading destination for wheat, and China was the leading destination for soybeans.

Grain futures trading on the CBOT are higher in trading Monday, with most-active corn futures up 0.9%, soybeans up 0.3%, and wheat up 0.7%.

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

04-10-23 1136ET