By Kirk Maltais
Export inspections of corn in the U.S. rose in the past week, according to data released by the Department of Agriculture.
In its latest report published Monday, the USDA said that corn inspections totaled 1.51 million metric tons for the past week. That's up from 1.49 million tons last week and 1.25 million tons at this time last year. For wheat, the situation was more difficult - with daily inspections totaling 351,001 tons, down from 397,774 tons at this time last week and 484,544 tons at this time last year.
Soybean inspections totaled 1.32 million tons for the week, which is down slightly from the prior week's total of 1.35 million tons, but up from 738,028 tons at this time last year.
China was overwhelmingly the leading destination for U.S. soybeans shipped during the week. South Korea was the top destination for U.S. wheat, and Mexico was the leading destination for corn.
CBOT grain futures have turned lower in trading Monday, this as the U.S. dollar slides. The U.S. dollar index is down 0.7%, while corn falls 0.5%, soybeans fall 0.5%, and wheat drops 1.4%. A lower U.S. dollar is often a catalyst for higher grain futures, as a weaker dollar makes U.S. grain exports more competitive on the world stage - so today's fall is atypical for grains.
Write to Kirk Maltais at kirk.maltais@wsj.com
(END) Dow Jones Newswires
01-26-26 1149ET
