U.S. Corn Export Inspections Keep Falling
07 February 2023 - 3:48AM
Dow Jones News
By Kirk Maltais
Export inspections for corn are again down this week, keeping
the pace for the marketing year well behind last year.
In its latest grain export inspections report, the U.S.
Department of Agriculture said corn export inspections totaled
480,205 metric tons for the week ended Feb. 2, down from 542,989
tons reported last week and 1.07 million tons at this time last
year.
This week's low figure puts the pace of corn export inspections
in the 2022/23 marketing year even more behind last year's pace,
with inspections this year totaling 12.53 million tons, down nearly
33% from last year.
Soybean inspections are also lower than last week, totaling 1.83
million tons, down from 1.93 million tons last week, while wheat
inspections totaled 536,355 tons for the week, up from 445,727 tons
last week.
Mexico was the leading destination for U.S. corn, while the
Philippines was the leading destination for wheat and China was the
leading destination for soybeans.
Grain futures trading on the CBOT are down today, with
most-active corn futures down 0.4%, soybeans down 0.5%, and wheat
down 1%.
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
February 06, 2023 11:33 ET (16:33 GMT)
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