U.S. Corn Inspections Stay Ahead of Last Year's Pace

By Kirk Maltais

U.S. corn export inspections were higher than the previous week and month, the Agriculture Department said in a weekly report, with year-to-date inspections remaining well ahead of last year's pace.

In its USDA's latest grain export inspection report, the agency says that corn inspections for the week ended Nov. 14 was 820,608 metric tons, up from 797,247 tons reported last week and 601,608 tons at this time last year.

The higher pace of sales continues a pattern seen throughout this marketing year, with total corn inspections for 2024/25 so far at 9.06 million tons, 32% higher than this time last year.

Soybean and wheat export inspections were lower than last week, according to the USDA. Soybean inspections totaled 2.17 million tons for the week, and wheat totaled 196,281 tons. Year-to-date inspections remain higher than this time last year for both grains.

Mexico was the leading destination for U.S. corn for the week, at 396,178 tons. China was the lead destination for soybeans, and Taiwan was the top destination for wheat.

CBOT grain futures are higher in morning trading, with most-active corn up 0.7%, soybeans up 0.3%, and wheat up 2.6%.

To see related data, search "USDA Grain Inspections for Export in Metric Tons" in Dow Jones NewsPlus.

Write to Kirk Maltais at [e-mail]

(END) Dow Jones Newswires

11-18-24 1145ET