WASHINGTON, D.C. (RFD News) — Weekly U.S. export inspections gave grain markets a mixed signal, with corn shipments easing from last week while wheat and soybeans improved from year-ago levels.
USDA Market News says corn inspections totaled 57.2 million bushels for the week ending June 18, down from 65.0 million the previous week and 59.2 million a year earlier.
Soybean inspections totaled 8.9 million bushels, above last year’s 7.4 million but below the prior week. Wheat inspections reached 14.4 million bushels, up from 9.4 million a year ago and from the previous week.
Sorghum inspections slowed sharply to 1.5 million bushels after a strong previous week. Marketing-year-to-date corn inspections remain ahead of last year at about 2.64 billion bushels, while soybean inspections trail last year.
Major destinations included Mexico, Japan, South Korea, China, Colombia, and the Philippines. The report points to uneven demand as export channels shift between old-crop movement and new-crop expectations.
