Grain Inspections Rise After Two-Week Decline

source:USDA Grain Transportation Report

For the week ending December 17, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions totaled 3.8 million metric tons (mmt).

Total grain inspections were up 3 percent from the previous week, up 75 percent from last year, and up 49 percent from the 3-year average.

Wheat inspections jumped 49 percent from the previous week as shipments destined primarily to Asia and Latin America increased.

Also, from the previous week, soybean inspections increased 5 percent, but corn inspections decreased 17 percent as shipments to Latin America receded notably. Pacific Northwest (PNW) grain inspections increased 1 percent from the previous week, but Mississippi Gulf inspections remained unchanged.

During the last four weeks, grain inspections were 64 percent above the same time last year and 53 percent above the 3-year average.