Corn Export Inspections Slide
May 16 2022 - 11:50AM
Dow Jones News
By Kirk Maltais
Export inspections for U.S. corn have fallen back this week,
according to data from the USDA
In its latest grain export inspections report, the USDA said
that corn inspections totaled 1.04 million metric tons for the week
ended May 12. That's down from 1.48 million tons reported last
week, and is also down from 1.99 million tons at this time last
year. Korea was a leading destination for U.S. corn this week,
along with Mexico and China.
However, soybeans and wheat inspections turned higher for the
week, with soybean inspections totaling 784,187 tons, up from
504,441 tons last week. Wheat inspections totaled 348,048 tons, up
from 262,919 tons last week.
Grain futures on the Chicago Board of Trade are higher today,
with wheat leading the way up on news of India instituting a ban on
wheat exports. The most-active wheat contract is up 5.8%, while
corn is up 2.2% and soybeans are up 0.5%.
To see related data, search "USDA Grain Inspections for Export
in Metric Tons" in Dow Jones NewsPlus.
Write to Kirk Maltais at kirk.maltais@wsj.com
(END) Dow Jones Newswires
May 16, 2022 11:35 ET (15:35 GMT)
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