By Kirk Maltais
Export inspections of U.S. soybeans have risen this week, according to the latest data from the Department of Agriculture.
In its weekly export inspections report, the USDA said that soybean inspections for the week ended Dec. 19 totaled 1.75 million metric tons. That's up from 1.7 million tons reported by the USDA last week, as well as 1.12 million tons reported for this time last year.
Wheat inspections were also up from the previous week, totaling 403,719 tons - up from 300,889 tons last week. However, it's down from 473,007 tons this time last year.
Corn export inspections fell from the previous week, the USDA said - with export inspections totaling 1.12 million tons, down from 1.14 million tons last week. It's also down from 1.23 million tons at this time last year.
The export inspections reported by the USDA this week fell on the high-end of analyst estimates, according to Terry Reilly of Marex. Wheat inspections exceed Marex forecasts for the week.
Most-active CBOT grain futures are higher in Monday's session, although gains seen earlier in the day have since been pared. Most-active corn is up 0.2%, soybeans are up 0.3%, and wheat is up 0.3%.
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
12-30-24 1106ET