Dec 12, 2019

Grain Inspections Continue to Fall but Corn Increases

Total inspections of grain for export reached 2.14 MMT

source: USDA Grain Transportation Report

For the week ending December 5, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.14 million metric tons (MMT).

Total grain inspections were down 12% from the previous week, down 6% from last year, and down 28% from the 3-year average.

From the previous week, inspections of wheat and soybeans decreased 6% and 19%, respectively, but corn inspections increased 9%.

Pacific Northwest (PNW) grain inspections were unchanged from the past week, but inspections of grain in the Mississippi Gulf decreased 24% mainly as a result of a 32% drop in soybean inspections.

Information supplied byUSDA Grain Transportation Report.

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Magazine

Marketwatch: May, 20

US Corn Price Idx:ZCPAUS.CM

open: 7.6578
high: 7.8
low: 7.6428
close: 7.7388

US Soybean Price Idx:ZSPAUS.CM

open: 16.4244
high: 16.6536
low: 16.4219
close: 16.5985

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 12.2461
high: 12.5836
low: 12.2061
close: 12.378

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 11.3809
high: 11.6744
low: 11.3259
close: 11.4086