By Kirk Maltais
U.S. export inspections of corn and soybeans have declined from the previous week, although corn shipments remain far ahead of last year's pace.
In its latest weekly report, the Department of Agriculture says that corn export inspections totaled 1.23 million metric tons for the week ended April 25, which is down from 1.66 million tons reported last week. Soybean inspections totaled 250,332 tons for the week, down from 443,508 tons the previous week.
Corn shipments fell from the previous week, but remains 32% higher than this time last year, according to the USDA - with total shipments this year at 31.62 million tons. Soybeans, however, remain lower versus last year's pace, totaling 38.75 million tons. That's down 18% from the previous year.
Wheat shipments were higher versus this time last year, totaling 481,183 tons for the week. For the year, total shipments are down 7% from the previous year, totaling 16.92 million tons so far this year.
China was the leading destination for wheat. Mexico was the leading destination for corn, and Japan was the top destination for soybeans.
CBOT grains are mostly lower in today's trading session, with most-active corn down 0.8%, soybeans virtually unchanged, and wheat down 2.7%.
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
04-29-24 1147ET
