Inspections of U.S. corn for export once again fell off last week, causing total grains inspected to decrease by a similar margin.
Today's Grains Inspected and/or Weighed for Export report by the U.S. Department of Agriculture (USDA) shows corn inspections dropped by 129,107 metric tons (-8%) for the week ending June 17, when compared to the previous week, leaving the total corn inspected at just under 1.5 million metric tons.
Total grain inspections went from 2.4 million metric tons to 2.2 million metric tons week-to-week, for a decline of 168,527 metric tons (-7%).
Inspections of wheat and soybeans each rallied — by nearly 10% and about 35%, respectively — but they make up smaller parts of total grains inspected and don't affect the total grains inspected as much.
Inspection amounts last week were 548,578 metric tons for wheat and 175,359 metric tons for soybeans.
For the full USDA report for June 21, click here.