U.S. Grain Export Inspections Turn Higher

By Kirk Maltais

Inspections of U.S. grain exports have turned higher in the U.S. Department of Agriculture's latest report, although levels remain generally low.

In its grain export inspections report for the week ended June 29, the USDA said corn export inspections totaled 642,900 metric tons, soybean inspections totaled 250,055 tons and wheat inspections totaled 336,349 tons. Brazil was the leading destination for U.S. wheat, while Japan was the leading destination for corn and Indonesia was the leading destination for soybeans.

All three of these totals are slightly higher than the prior week's figures.

Grain futures on the CBOT are mostly higher in trading to start this week, with most-active corn futures up 0.5%, soybeans up 2.2%, and wheat down 0.1%. The week is shortened in observance of Independence Day.

To see related data, search "USDA Grain Inspections for Export in Metric Tons" in Dow Jones NewsPlus.

Write to Kirk Maltais at [e-mail]

(END) Dow Jones Newswires

07-03-23 1157ET