WASHINGTON, D.C. (RFD News) — Corn export inspections remained the strongest grain demand signal for the week ending June 4, while soybean shipments continued to trail last year. USDA inspected 75.2 million bushels of corn, up from 68.9 million the previous week.
Corn inspections were also above last year’s 68.1 million bushels. Marketing-year inspections reached 2.51 billion bushels, compared with 1.98 billion at the same point last year.
Soybean inspections totaled 14.6 million bushels, down from 18.6 million the previous week and below last year’s 20.5 million. Marketing-year soybean inspections reached 1.32 billion bushels, well behind last year’s 1.66 billion.
Wheat inspections totaled 11.7 million bushels during the first reporting week of the new wheat marketing year, slightly below last year. Sorghum inspections fell sharply to 438,000 bushels after stronger movement the previous week.
China was listed for about 2.5 million bushels of soybeans, while Mexico, Spain, South Korea, and Japan supported corn movement. Corn remains the clear export leader heading into summer.
