Export Inspections of Corn and Soybeans Rise While Wheat Drops

Week-to-week exports of corn and beans rose while wheat assessments declined. Corn inspections in the seven days ending on April 22 came in at 1.95 million tons. That’s up from 1.56 million metric tons the previous week and was almost double the 1.08 million tons two weeks ago. Soybean assessments last week totaled almost 224,000 metric tons, up from 222,065 tons the previous week. The USDA says that’s well below the 561,063 tons inspected during the same week a year earlier.

Wheat inspections through April 22 totaled just over 564,000 tons, down from almost 626,700 a week before. Last week’s total, however, was up from the 506,700 tons assessed during the same week in 2020. Since the beginning of the marketing year on September 1, the USDA has inspected 41.2 million metric tons of corn for offshore delivery, well above the same period the year before.

Soybean inspections since September are at 55.3 million metric tons, ahead of the 33.4 million tons inspected at the same point last year. Wheat assessments since the start of its marketing year on June 1 are at 22.6 million metric tons, just ahead of last year’s 22.5 million tons.

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