By Kirk Maltais


Export inspections of U.S. soybeans have surged to over 2 million metric tons for the week ended Oct. 12, fueled in large part by shipments to China.

Soybean export inspections totaled 2.01 million tons for the week, which is up from 1.4 million tons reported in the previous week. This brings inspections for the current marketing year that started in September to 5.4 million tons. That's up nearly 15% from this time last year, which is a decrease from 30% higher reported last week.

China was the leading destination for U.S. soybean shipments - with 1.36 million tons sent there in total for the week. Mexico was the next-highest destination for the week.

Meanwhile, corn inspections are down from the previous week, while wheat inspections are slightly higher. Corn inspections totaled 434,471 tons, while wheat inspections were 354,771 tons.

Japan was the leading destination for wheat reported this week, while Mexico was the leading destination for corn.

CBOT corn futures are down 0.7% after the report's release, while soybeans are down 0.1% and wheat is down 0.7%.


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

10-16-23 1134ET