USDA Weekly Grains Inspected For Export Report (Jan. 4): Holidays Bring Another Double-Digit Decline

The amount of soybeans inspected for export plummeted for the second week in a row, dragging total grains inspected by more than a third.

According to the Jan. 4 Grains Inspected and/or Weighed for Export report by the U.S. Department of Agriculture, soybeans inspected amounted to 1.3 million metric tons for the week ending Dec. 31, or 41% less than the 2.2 million inspected the previous week.

Amounts of corn, wheat, and sorghum inspected also fell week-to-week but by smaller numbers.

Corn, for example, dropped to 912,802 million metric tons, down 27% from 1,255,341 the preceding week.

Total grains inspected plunged 36% last week to 2.6 million metric tons from 4.1 million metric tons the week before.

For the full USDA report, click here.

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