By Kirk Maltais
Export inspections for corn are lower this week, while marketing year totals continue to drag behind last year's levels.
In its latest grain export inspections report, the U.S. Department of Agriculture said corn export inspections totaled 527,932 metric tons for the week ended January 26. That's down from 728,792 tons reported last week.
The pace of corn export inspections in the 2022/23 marketing year is now even further off from last year's pace - with inspections this year totaling 12.03 million tons, down over 31% from last year.
Meanwhile, soybean inspections totaled 1.86 million tons, up slightly from last week - while wheat inspections totaled 445,433 tons for the week, up from 349,393 tons last week.
China was the primary destination for soybeans, while Mexico was the leading destination for corn and Japan was the top destination for U.S. wheat.
Grain futures trading on the CBOT are higher in trading - with most-active corn futures up 0.2%, soybeans up 1.6%, and wheat up 0.7%.
Write to Kirk Maltais at kirk.maltais@wsj.com
To see related data, search "USDA Grain Inspections for Export in Metric Tons" in Dow Jones NewsPlus.
(END) Dow Jones Newswires
01-30-23 1247ET
