Total Grain Inspections Up Slightly

For the week ending January 31, total inspections of grain (corn, wheat, and soybeans), for export from all major U.S. export regions, reached 2.38 million metric tons (MMT), which is up 2% from the previous week, down 18% from last year, and 9% below the 3-year average.

According to the USDA'sGrain Transportation Report, wheat inspections increased 20% from week-to-week, as shipments to Asia and Latin America increased. Inspections of soybeans increased 3% from the previous week, but corn inspections dropped 7%.

Pacific Northwest (PNW) grain inspections decreased 9% from the previous week, while Mississippi Gulf inspections increased 4%. Inspections of grain during the last four weeks are 4% below last year and 2% below the 3-year average.