By Kirk Maltais
The pace of U.S. soybean export inspections continue to fall further behind the pace of this time last year, according to the latest data from the U.S. Department of Agriculture.
In its latest grain export inspections report, the USDA reports that soybean inspections totaled 1.19 million metric tons. That’s down from last week, and down from 1.58 million tons at this time last year. As a result, the gap in total shipments between this year and last year grows wider – with this year’s total at 31.97 million tons, down 23% from last year.
Meanwhile, corn shipments are up from both last week and this time last year, totaling 918,610 tons. Wheat is down from last week, but up from the previous year at 380,774 tons.
Japan was the leading destination for U.S. wheat, while Mexico was the leading destination for corn and China led the way for soybean shipments.
CBOT grains are mixed this morning, with most-active corn down 0.3%, soybeans up 0.2%, and wheat up 1.6%.
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
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