USDA Weekly Grains Inspected For Export Report (7/11): Total Rebounds Slightly After Dramatic Drop

Inspections of U.S. grains for export recovered slightly (+7%) last week after a dramatic drop the week before.

According to today's Grains Inspected and/or Weighed for Export report by the U.S. Department of Agriculture (USDA), the total rose to just under 1.8 million metric tons (MMT) for the week ending July 7 from about 1.66 MMT the previous week.

Sorghum inspections made the biggest gains, more than doubling to 183,000, while corn inspections were next, rising more than 6% to 934,000 metric tons.

Wheat inspections also went up a bit to 310,000 metric tons, but soybean inspections fell by more than 18% to 357,000 metric tons.

For the full USDA report for July 11, click here.