USDA Weekly Grains Inspected For Export Report (7/5): Inspections Plunge by 48% Week-to-Week

The plunge in inspections of U.S. grain for export last week was by far the largest of recent declines, according to today's Grains Inspected and/or Weighed for Export report by the U.S. Department of Agriculture (USDA).

The total at the end of June sank by nearly half from the week before to just under 1.2 million metric tons (MMT) - one of the lowest totals seen since last September.

Inspections of all the major grains were down by percentages north of 30%, with sorghum and wheat declining by percentages more than twice that large.

Corn inspections went down 45% to 677,000 metric tons and soybeans 34% to 355,000 metric tons.

For the full USDA report for June 27, click here.