U.S. grain export inspections witnessed a decline for the week ended Aug. 3, with yearly inspection totals still falling behind the pace set in the previous year.

Corn Export Inspections

In accordance with the latest grain export inspections report from the U.S. Agriculture Department, corn export inspections reached a total of 376,623 metric tons.

Soybean Export Inspections

Soybean inspections, on the other hand, amounted to a total of 281,857 tons.

Wheat Export Inspections

Wheat inspections stood at a total of 275,067 tons.

Comparison to Last Year’s Figures

Looking at the 2022/23 marketing year, corn inspections are down by 33% compared to the same period in the prior year. Similarly, soybean inspections lag behind by 6.9%, while wheat inspections are down by 14.1%.

Leading Destinations

According to the USDA, Mexico emerged as the top destination for both wheat and corn exports. Meanwhile, Indonesia claimed the leading destination spot for soybeans.

Grain Futures Trading

Grain futures trading on the Chicago Board of Trade (CBOT) presented a mixed picture. The most-active corn futures experienced a slight decline of 0.1%. Soybeans, on the other hand, saw a more substantial decrease of 2.5%. In contrast, wheat prices climbed up by 3%.

For more detailed information, please search “USDA Grain Inspections for Export in Metric Tons” in Dow Jones NewsPlus.

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