By Kirk Maltais

 

Export inspections for U.S. row crops fell from the previous week, with corn and soybean inspections falling below trader estimates.

In its latest grain export inspections report, the U.S. Department of Agriculture said that corn inspections totaled 459,420 metric tons for the week ended Sept. 22, versus 549,476 tons the previous week. Soybean inspections totaled 257,547 tons versus 519,698 tons last week, and wheat inspections totaled 520,464 tons versus 836,620 tons previously.

For corn and soybeans, inspections fell below analyst estimates, said Futures International in a note following the report's release.

China was the leading destination for U.S. wheat, while Mexico was the leading destination for corn and Japan was the leading destination for soybeans.

Grain futures on the Chicago Board of Trade are lower Monday, with pressure coming from concerns about world economic slowdown and unfavorable currencies - which is in turn impacting demand for U.S. grain exports. Most-active corn futures are down 0.8%, soybeans are down 0.3% and wheat is down 1%.

 

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

September 26, 2022 11:51 ET (15:51 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.