By Paulo Trevisani
U.S. export inspections of wheat fell for the week through September 14, according to government data.
Wheat export inspections fell 9.6% to a total of 367,371 metric tons for the week, the U.S. Agriculture Department’s latest report showed. That’s down from the 406,181 tons reported in the previous week. Soybeans export inspections rose 5.2%, while corn rose 2.7%.
So far in the 2023/24 marketing year, wheat export inspections are 29% lower, while corn is 10.5% ahead of last year’s pace and soybeans are 16% behind.
Indonesia was the leading destination for wheat last week, according to the USDA. Mexico was the leading destination for corn and China was the top buyer of U.S. soybeans.
In Monday trading, grain futures on the CBOT fell. Wheat was down 2.4%, soybeans down 1.5% and corn was 1.2% lower.
To see related data, search “USDA Grain Inspections for Export in Metric Tons” in Dow Jones NewsPlus.
Write to Paulo Trevisani at [email protected].
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