Soybean Export Inspections Climb While Corn and Wheat Decline

(NAFB.com) U.S. soybean export inspections increased last week, while corn and wheat shipments headed overseas slowed, according to the latest USDA report. For the week ending October 22, soybean inspections totaled 2.48 million metric tons, up from 2.07 million the previous week and more than double the 1.16 million tons recorded during the same week last year. Corn inspections fell to 625,233 metric tons, down from 692,234 tons a week earlier and well below 1.24 million tons a year ago. Wheat inspections declined to 183,824 metric tons, compared with 254,915 tons the previous week and nearly 270,000 tons during the same period last year. Since September 1, soybean inspections have reached 9.71 million metric tons, up from 6.81 million a year ago. Corn inspections total 9.78 million tons, down from 10.6 million. Wheat inspections since June 1 stand at 7.42 million tons, compared with 11.5 million last year.