WASHINGTON, D.C. (RFD News) — U.S. corn export inspections remained strong during the week ending July 16, while soybean and wheat shipments declined. USDA inspected about 61 million bushels of corn, nearly unchanged from the previous week and well above last year.
Soybean inspections totaled about 10.9 million bushels, down from 16.5 million the prior week. Wheat inspections fell to about 7.9 million bushels, while sorghum shipments increased sharply to roughly 2.4 million bushels.
China received about 2.4 million bushels of soybeans and 2.3 million bushels of sorghum. Mexico remained an important buyer of corn, wheat, and soybeans, while Japan, South Korea, Spain, and Venezuela purchased sizable corn volumes.
Marketing-year corn inspections reached 2.90 billion bushels, up about 25 percent from last year. Sorghum shipments more than doubled, but soybean inspections remained roughly 18 percent lower and wheat shipments trailed nearly 30 percent.
Corn demand continues supporting export movement, while slower soybean and wheat shipments increase dependence on stronger late-season buying. Producers will watch China’s activity and Gulf and Pacific port movement.
