By Kirk Maltais
U.S. grain export inspections inched up for the week ended Aug. 24 versus the previous week, according to government data.
In its latest grain export inspections report from the U.S. Agriculture Department, corn export inspections totaled 597,144 metric tons, soybean inspections totaled 322,149 tons, and wheat inspections totaled 390,364 tons.
For the 2022/23 marketing year, corn inspections are down 33% from the prior year, while soybean inspections are down over 8% and wheat is down over 21%. The divide between corn sales last year and this year has been steady, while its expanded for both soybeans and wheat.
The Philippines was the leading destination for wheat for the week, according to the USDA. Mexico was the leading destination for corn, and China was the leading destination for soybeans.
Grain futures trading on the CBOT are mixed. Most-active corn futures are up 1.2%, soybeans are up 1%, and wheat is down 1.1%.
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
08-28-23 1149ET
