By Kirk Maltais
Inspections of U.S. corn exports have fallen back from levels seen last week, but remain higher than this time last year, according to data from the Department of Agriculture.
In its latest report Monday, the USDA said that corn export inspections totaled 819,577 metric tons for the week ended June 27. That's down from 1.15 million tons seen through last week, but higher than the 675,889 tons seen at this time last year.
Soybean and wheat inspections also turned lower from last week, the USDA said. Soybean inspections totaled 303,023 tons, down from 349,884 tons last week but up from 264,172 tons seen last year. Wheat totaled 309,775 tons for the week, down from 343,672 tons last week and also lower than 342,175 tons at this time last year.
Japan was the leading destination for U.S. corn exports, while Indonesia was the leading destination for wheat and Egypt was the leading destination for soybeans.
CBOT grain futures are mixed in trading midday, with most-active corn down 0.3%, soybeans up 0.1%, and wheat up 2.5%.
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
07-01-24 1148ET
