Economy

Weekly corn and soybean export inspections fall


The inspections of US corn and Beans for export fell week-on-week, while wheat valuations improved, according to the Agriculture Ministry.

Corn inspections for the seven days ending May 26 totaled 1,39 million Tonnen, shared this USDA mit.

That's down from 1,75 million tons in the previous week and significantly down from the 2,1 million tons sampled in the same week last year.

Soybean assessments last week were reported at 378.262 tons, up from 581.067 tons a week earlier but up from the 205.108 tons inspected at the same location a year earlier, the agency said.

Wheat inspections, meanwhile, totaled 343.927 tons, up from 275.541 tons in the previous week and 317.278 tons at the same time in 2021, the government said.

As of the Sept 1 marketing year, the USDA has 42,3 million tons Corn inspected for offshore delivery, compared to 51,2 million tonnes in the same period last year.

Soybean production since early September now stands at 49,5 million tons, up from 56,7 million tons in the same period last year, the agency said.

Wheat inspections since the grain marketing year began June 1 totaled 20 million tons, up from 25,3 million tons a year earlier, the USDA said in its report.

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