Grain Inspections Continue to Fall but Corn Rebounds

For the week ending August 22, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.16 million metric tons (MMT).

This amount is 7% less than the previous week, down 22% from last year, and 15% below the 3-year average.

The drop in total inspections was caused mainly by lower wheat and soybean inspections. Corn inspections, however, rebounded from the previous week, increasing 25%.

Week-to-week inspections of corn for export increased to Latin America and Asia, with Latin America accounting for 68% of all corn inspected.

Pacific Northwest (PNW) grain inspections increased 11% from the previous week, but Mississippi Gulf grain inspections decreased 17%.