Wheat and Corn Inspections Continue to Increase
Date Posted: March 27, 2014
This article is reprinted from the USDA's March 27 Grain Transportation Report.
For the week ending March 20, total inspections of grain (corn, wheat, and soybeans) for export from all major port regions reached 2.4 million metric tons (mmt), down 2 percent from the previous week, up 60 percent from last year, and 15 percent above the 3-year average.
Wheat (.553 mmt) and corn (1.1 mmt) inspections were up for the second consecutive week, increasing 7 and 15 percent from the past week.
Shipments of wheat increased, primarily to Asia, and corn exports increased to Latin America and Asia.
Tight U.S. stocks and Brazilian competition have caused soybean inspections (.761 mmt) to continue decreasing.
Currently, inspections of soybeans are down 22 percent from the previous week.
Outstanding export sales were also lower for soybeans than the past week, but remained steady for corn and wheat.
For more information, call Surajudeen (Deen) Olowolayemo, USDA, at 202-694-3050.