Data from USDA shows inspections of wheat and beans for offshore delivery rose week to week while corn assessments declined. Wheat inspections totaled 732,300 metric tons in the seven days ending on July 17.
The agency report says that’s up from 446,000 tons a week earlier. Examinations of soybeans for offshore delivery increased to 365,000 metric tons from 151,300 tons during the previous week. Corn saw the only decline on the week, falling to 983,600 metric tons, which the USDA said was down from 1.31 million tons a week earlier. Since the start of the marketing year on September 1, corn inspections total 58.8 million acres versus 45.6 million last year. Soybean inspections now total 46.8 million tons, up from 42.4 million tons at the same point last year, and wheat examinations since the marketing year began June 1 are at three million metric tons, up from 2.66 million last year.
